3 Wall Street Firms Pick Top E&P Stocks

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Several major Wall Street firms have weighed in on exploration and production (E&P) stocks this week. The majority of E&P stocks are now priced at only a fraction of where they were just a year ago.

For some companies, current share prices offer a great investment opportunity for a long-term recovery. For other companies, liquidity issues and other concerns could mean that the worst is yet to come.

Here’s a summary of what these three firms had to say about which E&P names investors should be buying now.

Northland Capital Markets
Northland is expecting increased volatility in the E&P space surrounding Friday’s OPEC meeting. Northland has an Outperform rating on the following names:

Bellatrix Exploration Ltd BXE
Bonanza Creek Energy Inc BCEI
Callon Petroleum Co CPE
Carrizo Oil & Gas Inc CRZO
Diamondback Energy Inc FANG
Earthstone Energy Inc ESTE
EP Energy Corp EPE
Evolution Petroleum Corp EPM
Gulfport Energy Corp GPOR
Matador Resources Co MTDR
Midstates Petroleum Company Inc MPO
Osage Exploration and Development Inc OEDV
Parsley Energy Inc PE
Rex Energy Corp REXX
Ring Energy Inc REI
RSP Permian Inc RSPP
Sanchez Energy Corp SN
Synergy Resources Corp SYRG
Viper Energy Partners LP VNOM


Credit Suisse
Credit Suisse remains a buyer of E&Ps with high-quality assets and strong balance sheets. Credit Suisse has Outperform ratings on the following stocks:

Antero Resources Copr AR
PDC Energy PDCE
Penn Virginia Corp PVA
Range Resources RRC

Bonanza Creek Energy
Diamondback Energy
Gulfport Energy
Sanchez Energy

BMO Capital Markets
BMO sees leverage, rather than liquidity, as the key issue for many E&Ps moving forward. BMO has Outperform ratings on the following E&P stocks:

Rice Energy Inc RICE
Memorial Resource Development Corp MRD
SM Energy Co SM
Matador Resources Co MTDR

Bonanza Creek Energy
PDC Energy
Carrizo Oil & Gas

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