Oppenheimer identified Cabot Oil & Gas (COG) as its favorite stock among natural gas producers. The firm has Outperform ratings on Apache (APA), Chesapeake Energy (CHK), Devon Energy (DVN), and EOG Resources (EOG), which all have large exposure to natural gas production.
Oceaneering upgraded at RBC Capital
As noted earlier, RBC Capital upgraded Oceaneering to Outperform from Sector Perform. The firm expects the company's compound annual growth rate over the next five years to be 15%, and it thinks the shares are attractive after declining in November and December. Target $89.