Energy

Oil & Gas Exploration & Production

16 companies under coverage.

Coverage

Oil & Gas Exploration & Production

EOG Resources Inc (EOG)

SELL. 12-month probability-weighted target $130 (-12% vs spot). P/E Multiple explains 76% of Monte Carlo outcome variance.

EOGEquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -9.9%

Equity Research

Ovintiv Inc (OVV)

HOLD. 12-month probability-weighted target $59 (-8% vs spot). P/E Multiple explains 68% of Monte Carlo outcome variance.

OVVEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -11.3%

Equity Research

Matador Resources Company (MTDR)

HOLD. 12-month probability-weighted target $54 (+0% vs spot). P/E Multiple explains 68% of Monte Carlo outcome variance.

MTDREquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -14.3%

Equity Research

APA Corporation (APA)

SELL. 12-month probability-weighted target $39 (-15% vs spot). P/E Multiple explains 69% of Monte Carlo outcome variance.

APAEquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -15.0%

Equity Research

Diamondback Energy Inc (FANG)

HOLD. 12-month probability-weighted target $177 (-8% vs spot). P/E Multiple explains 76% of Monte Carlo outcome variance.

FANGEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -15.3%

Equity Research

Range Resources Corp (RRC)

HOLD. 12-month probability-weighted target $36 (-12% vs spot). P/E Multiple explains 72% of Monte Carlo outcome variance.

RRCEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -15.5%

Equity Research

Expand Energy Corporation (EXE)

HOLD. 12-month probability-weighted target $84 (-5% vs spot). P/E Multiple explains 59% of Monte Carlo outcome variance.

EXEEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -15.5%

Equity Research

Devon Energy Corporation (DVN)

SELL. 12-month probability-weighted target $41 (-14% vs spot). P/E Multiple explains 75% of Monte Carlo outcome variance.

DVNEquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -15.5%

Equity Research

Antero Resources Corp (AR)

HOLD. 12-month probability-weighted target $34 (-5% vs spot). P/E Multiple explains 66% of Monte Carlo outcome variance.

AREquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -19.2%

Equity Research

CNX Resources Corp (CNX)

HOLD. 12-month probability-weighted target $31 (-8% vs spot). P/E Multiple explains 62% of Monte Carlo outcome variance.

CNXEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -19.8%

Equity Research

Permian Resources Corporation (PR)

SELL. 12-month probability-weighted target $20 (-13% vs spot). P/E Multiple explains 74% of Monte Carlo outcome variance.

PREquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -19.9%

Equity Research

EQT Corporation (EQT)

HOLD. 12-month probability-weighted target $50 (-6% vs spot). P/E Multiple explains 70% of Monte Carlo outcome variance.

EQTEquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -22.3%

Equity Research

Murphy Oil Corporation (MUR)

HOLD. 12-month probability-weighted target $38 (-2% vs spot). P/E Multiple explains 59% of Monte Carlo outcome variance.

MUREquity ResearchMonte Carlo

12 October 2026Rating: HOLD · Fair value vs price -23.3%

Equity Research

Occidental Petroleum Corporation (OXY)

SELL. 12-month probability-weighted target $47 (-21% vs spot). P/E Multiple explains 71% of Monte Carlo outcome variance.

OXYEquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -26.7%

Equity Research

ConocoPhillips (COP)

SELL. 12-month probability-weighted target $101 (-24% vs spot). P/E Multiple explains 67% of Monte Carlo outcome variance.

COPEquity ResearchMonte Carlo

12 October 2026Rating: SELL · Fair value vs price -32.2%

Equity Research

Texas Pacific Land Corporation (TPL)

Rating suspended since 2026-10-02 — under analyst review. The rating, price target and expected return are withheld until the name is re-valued; the research on the report page predates the review.

TPLEquity ResearchMonte Carlo

2 October 2026Rating: N/A