FBR Capital on E&Ps: Year in Review and Outlook
Tweet
Share
E-mailGet Alerts PXD Hot Sheet
Price: $269.62 --0%
Rating Summary:
28 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
28 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
FBR Capital on E&Ps: Year in Review and Outlook
FBR analyst said, "Despite the recent pullback and 4% underperformance relative to the S&P 500, we reiterate our Overweight rating on the E&P sector. We believe that this outperformance will be driven by increasing recognition by the marketplace of the magnitude of remaining reserve growth, or “real” asset growth, potential for the industry from the liquid and natural gas shales. From
our coverage group, we would continue to focus on Pioneer Natural Resources Company (NYSE: PXD)(Outperform), Newfield Exploration Company (NYSE: NFX)(Outperform), Southwestern Energy Company (NYSE: SWN)(Outperform), and Endeavour International Corporation (NYSE: END)(Outperform)."
FBR analyst said, "Despite the recent pullback and 4% underperformance relative to the S&P 500, we reiterate our Overweight rating on the E&P sector. We believe that this outperformance will be driven by increasing recognition by the marketplace of the magnitude of remaining reserve growth, or “real” asset growth, potential for the industry from the liquid and natural gas shales. From
our coverage group, we would continue to focus on Pioneer Natural Resources Company (NYSE: PXD)(Outperform), Newfield Exploration Company (NYSE: NFX)(Outperform), Southwestern Energy Company (NYSE: SWN)(Outperform), and Endeavour International Corporation (NYSE: END)(Outperform)."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Benchmark Reiterates Buy Rating on Rank One Computing (ROC)
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
