Wolfe Research identifies seven oil stocks as top picks, citing sector earnings up 36% YoY for Q1 and FY 2026.
APA Corp beat Q4 EPS forecasts, received Barclays Equalweight upgrade and higher price target from Raymond James despite slightly lower revenue.
BP directed to cut Iraq production, pursuing Mexico exploration and gas licenses in Trinidad/Venezuela; XLE up 23% YTD, sector up ~30%.
Devon Energy merger cleared HSR, price targets raised; Ovintiv, Occidental, TotalEnergies, ConocoPhillips received upgrades, coverage, or asset sale plans.