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Fly News Breaks for May 23, 2018
SWN, RRC, PE, GPOR, EQT, EGN, FANG, CLR, AR, OAS, WLL
May 23, 2018 | 08:36 EDT
As previously reported, Morgan Stanley analyst Drew Venker upgraded both Whiting Petroleum (WLL) and Oasis Petroleum (OAS), each to Overweight from Equal Weight, citing stronger oil prices, improving capital discipline, and positive momentum in the Bakken play. He raised his price target on Whiting to $71 from $43 and increased his price target for Oasis to $19 from $11. Venker also increased his price targets on several other mid-cap E&Ps, including Antero Resources (AR), Continental Resources (CLR), Diamondback Energy (FANG), Energen (EGN), EQT (EQT), Gulfport (GROR), Parsley (PE), Range Resources (RRC) and Southwestern Energy (SWN).