Exploration & Production
Credit Suisse Sector Review
Adjusting NAVs and EPS on Realized 1Q13 Prices and Lowered WTI Forecast
24 April 2013 39 pages
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Companies Mentioned (Price as of 23-Apr-2013)
Anadarko Petroleum Corp. (APC.N, $81.57, OUTPERFORM, TP $109.0)
Apache Corp. (APA.N, $70.46, OUTPERFORM, TP $100.0)
Bonanza Creek Energy Inc. (BCEI.N, $33.91, OUTPERFORM, TP $49.0)
CONCHO RESOURCES, INC. (CXO.N, $84.39, NEUTRAL, TP $94.0)
Carrizo Oil & Gas Inc. (CRZO.OQ, $24.03, UNDERPERFORM[V], TP $21.0)
Chesapeake Energy Corp. (CHK.N, $18.94, NEUTRAL[V], TP $22.0)
Comstock Resources, Inc. (CRK.N, $15.9, NEUTRAL[V], TP $20.0)
Denbury Resources (DNR.N, $16.94, NEUTRAL, TP $20.0)
Devon Energy Corp (DVN.N, $52.93, OUTPERFORM, TP $75.0)
EOG Resources (EOG.N, $117.0, NEUTRAL, TP $120.0)
Energy XXI (EXXI.OQ, $22.01, OUTPERFORM, TP $35.0)
Forest Oil (FST.N, $4.22, UNDERPERFORM[V], TP $4.0)
Gulfport Energy (GPOR.OQ, $48.05, OUTPERFORM[V], TP $59.0)
Kodiak Oil & Gas Corp (KOG.N, $7.56, NEUTRAL[V], TP $10.0)
Noble Energy (NBL.N, $110.72, OUTPERFORM, TP $135.0)
PDC Energy (PDCE.OQ, $41.91, OUTPERFORM[V], TP $65.0)
Pioneer Natural Resources (PXD.N, $113.78, OUTPERFORM, TP $150.0)
Range Resources (RRC.N, $75.83, OUTPERFORM, TP $91.0)
Rex Energy Corp. (REXX.OQ, $15.42, NEUTRAL[V], TP $15.0)
SandRidge Energy, Inc. (SD.N, $4.61, NEUTRAL[V], TP $5.4)
Southwestern Energy Co. (SWN.N, $35.14, UNDERPERFORM, TP $30.0)
Swift Energy Co. (SFY.N, $12.63, OUTPERFORM[V], TP $16.0)
Whiting Petroleum Corp. (WLL.N, $44.4, NEUTRAL, TP $51.0) |
