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JPMorgan On Large Cap E&P: Anadarko, Antero Upgraded; EP Energy, Southwestern Downgraded

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Anadarko Petroleum Corporation NYSE:APC, AR - JPMorgan On Large Cap E&P: Anadarko, Antero Upgraded; EP Energy, Southwestern Downgraded

JPMorgan has revised ratings on several large-cap exploration and production companies, primarily on the 71 percent rally of E&P equities in its coverage over the past six weeks, as oil prices have climbed about 34 percent from its February lows.

Analysts, including Arun Jayaram, "favor companies that can sustain or quickly re-establish positive operating momentum as the industry as a whole begins fighting the decline curve."

The analyst has upgraded Anadarko Petroleum Corporation APC 1.21% to Overweight from Neutral based on an attractive...


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