Stock Analysts Initiated Coverage on These Stocks: CARB, SLRC, PER, BEXP, WLL, DVN, UPL, SWN, RRC, EOG, ECA

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on September 20th.

  • Carbonite (NYSE:CARB): Canaccord Genuity initiated coverage of this company with a rating of Buy and a price target of $16.  Oppenheimer initiated coverage of this company with a rating of Outperform and a price target of $17.  About the company: Carbonite, Inc. focuses on the development and marketing of personal computer backup software that enables users to backup, access, and restore data files online.
  • SandRidge Permanian Trust (PER): Morgan Keegan initiated coverage of this company with a rating of Mkt Perform and a price target of $19. Wunderlich initiated coverage of this company with a rating of Buy and a price target of $21.  Oppenheimer initiated coverage of this company with a rating of Outperform and a price target of $24.  Robert W. Baird initiated coverage of this company with a rating of Outperform and a price target of $22..  About the company: SandRidge Permian Trust is a trust formed by SandRidge Energy, Inc. to own royalty interests in 509 developed oil and natural gas wells located in Andrews County, Texas, and 888 oil and natural gas development wells to be drilled within an Area of Mutual Interest.
  • Solar Capital (NASDAQ:SLRC): Stifel Nicolaus initiated coverage of this company with a rating of Hold.  No price target was given.  About the company: Solar Capital Ltd. is an externally managed finance company.  The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments.  Solar invests primarily in leveraged companies, including middle-market companies, in the form of senior secures loans, mezzanine loans and equity securities.
  • Brigham Exploration (NASDAQ:BEXP): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $37.  About the company: Brigham Exploration Company, an independent exploration and production company, applies 3-D seismic imaging and other technologies to explore and develop onshore domestic natural gas and oil resources.  The Company’s exploration activities are concentrated primarily in the Anadarko Basin, the Gulf Coast, the Williston Basin, and the west Texas region of the United States.
  • Whiting Petroleum (NYSE:WLL): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $54.  About the company: Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities.  The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-continent regions of the United States.
  • Devon Energy (NYSE:DVN): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $93.  About the company: Devon Energy Corporation is an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and NGLs and the processing of natural gas.  The Company also has marketing and midstream operations primarily in North America that include gas, crude oil and NGLs.
  • Ultra Petroleum (NYSE:UPL): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $39.  About the company: Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States.  The Company also explores for oil and gas in China.
  • Southwestern Energy (NYSE:SWN): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $43.  About the company: Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.
  • Range Resources (NYSE:RRC): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $77.  About the company: Range Resources Corporation is an independent oil and gas company that explore, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States.
  • EOG Resources (NYSE:EOG): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $116.  About the company: EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.
  • EnCana (NYSE:ECA): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $26.  About the company: Encana Corporation explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The Company operates in North and South America.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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