KLR Group Offers Oil & Gas Exploration & Production Update; Favorite Stocks In Sector

On Tuesday, KLR Group Equity Research offered a Oil & Gas Exploration and Production update.

KLR analysts stated, “Over a 12-month investment horizon, we believe E&P shares offer ~55% upside relative to current market value. We favor companies emphasizing oil
development given our view of unrecognized oil market value; whereas E&P shares largely reflect our benign gas market outlook.”

John Gerdes outlined the firms favorite picks:

Carrizo Oil and Gas (CRZO) Buy rating; $74 price target.
Concho Resources (CXO) Buy rating; $173 price target.
Diamondback Energy (FANG) Buy rating; $108 price target.
Noble Energy (NBL) Buy rating; $86 price target.
Oasis Petroleum (OAS) Buy rating; $57 price target.
RSP Permian (RSPP) Buy rating; $36 price target.
Whiting Petroleum (WLL) buy rating; $128 price target.