Stifel today initiated coverage on a number of oil and gas firms.
The firm initiated Devon (DVN) with a "Buy" rating and a $73 price target. Shares were moving higher in pre-market trading.
It initiated Laredo Petroleum (LPI) with a "Buy" rating and an $18 price target.
Marathon Oil (MRO) 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 here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)