Stifel today initiated coverage on a number of oil and gas firms.

The firm initiated Devon (DVN) - Get Devon Energy Corporation Report with a "Buy" rating and a $73 price target. Shares were moving higher in pre-market trading. 

It initiated Laredo Petroleum (LPI) - Get Laredo Petroleum, Inc. Report with a "Buy" rating and an $18 price target.

TheStreet Recommends

Marathon Oil (MRO) - Get Marathon Oil Corporation (MRO) Report  was started with a "Hold" rating and a $17 price target. Shares were moving lower in pre-market trading. 

RSP Permian (RSPP)  was initiated with a "Buy" rating and a $46 price target.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click hereto listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)