Stock Analysts Initiated Coverage on These Stocks: CHK, SM, CXO, XEC, OAS, PXD, NFX, NBL, ACP, APA

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

  • Chesapeake Energy (NYSE:CHK): Deutsche Bank initiated coverage of this company with a rating of Hold and a price target of $39.  About the company: Chesapeake Energy Corporation produces oil and natural gas. The Company’s operations are focused on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States.
  • SM Energy (NYSE:SM): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $105.  About the company: SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company’s operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.
  • Concho Resources (NYSE:CXO): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $115.  About the company: Concho Resources Inc. acquires, develops and explores for oil and natural gas properties in the Permian Basin area of Southeast New Mexico and West Texas.
  • Oasis Petroleum (NYSE:OAS): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $38.  About the company: Oasis Petroleum Inc., is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
  • Cimarex (NYSE:XEC): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $96.  About the company: Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas.
  • Pioneer Natural Resources (NYSE:PXD): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $97.  About the company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States.
  • Newfield Expl (NYSE:NFX): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $72.  About the company: Newfield Exploration Company is an independent oil and gas company which explores, develops, and acquires oil and natural gas properties. The Company operates in the Gulf of Mexico, in the onshore United States Gulf Coast, within the North Sea, within Malaysia, and in the Bohai Bay in China.
  • Noble Energy (NYSE:NBL): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $120.  About the company: Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids. Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa.
  • Amer. Real Estate Partner (ACP): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $91.  About the company: Avenue Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end investment company.
  • Apache (NYSE:APA): Deutsche Bank initiated coverage of this company with a rating of Buy and a price target of $126.  About the company: Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego.

(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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