Canaccord Initiates Coverage On Exploration & Production Sector

Canaccord Genuity issued a note Tuesday in which the firm initiated a Buy rating on a number of companies in the exploration and production sector.

Below is a list of the newly-covered companies with the respective price target.

• Laredo Petroleum LPI - $36
• Energen EGN - $109
• Callon Petroleum CPE - $14
• Pioneer Natural Resources PXD - $274
• Cimarex Energy XEC - $169
• Ring Energy REI - $20
• Concho Resources CXO - $163
• Matador Resources MTDR - $33
• Athlon Energy ATHL - $58
• Diamondback Energy FANG - $108