KLR Group Offers Oil & Gas Exploration, Production Update; Names Favorite Stocks In Sector

On Tuesday, KLR Group Equity Research offered an Oil & Gas Exploration and Production update.

KLR analysts stated, "Over a 12-month investment horizon, we believe E&P shares offer ~55% upside relative to current market value. We favor companies emphasizing oil development given our view of unrecognized oil market value; whereas E&P shares largely reflect our benign gas market outlook."

John Gerdes outlined the firms favorite picks:

Carrizo Oil and Gas, Inc. (NASDAQ: CRZO) Buy rating; $74 price target.
Concho Resources Inc (NYSE: CXO) Buy rating; $173 price target.
Diamondback Energy Inc (NASDAQ: FANG) Buy rating; $108 price target.
Noble Energy, Inc. (NYSE: NBL) Buy rating; $86 price target.
Oasis Petroleum Inc. (NYSE: OAS) Buy rating; $57 price target.
RSP Permian Inc (NYSE: RSPP) Buy rating; $36 price target.
Whiting Petroleum Corp (NYSE: WLL) buy rating; $128 price target.