Investment banking firm Canaccord Genuity reaffirmed its BUY recommendation for Canadian Overseas Petroleum Limited (XOP:TSX) and increased its target share price for the exploration and production company to C$1.20 from C$1.10.

Equities research firm Macquarie Equities Research maintained its rating of OUTPERFORM and its target share price of C$5.50 for junior exploration and production company Storm Resources.

Research firm Macquarie Equities Research lowered its recommendation for junior oil and gas company Cequence Energy (CQE:TSX) to NEUTRAL from OUTPERFORM and increased its target share price to C$4.50.

Today's story on oil, recessions, and energy stocks comes from guest writer Cory Mitchell... According to the National Bureau of Economic Research, since World War II, 10 out of 11 price peaks in oil have resulted in a US recession. This suggests that North America is likely to see a slow...

Oilfield-service company Western Energy Services Corporation (WRG:TSX) released its 2Q results indicating that revenue increased 142 percent from last year, and EBITDA rose 162 percent during the period.

Research firm Macquarie Equities Research lowered its target share price for Emerge Oil and Gas Inc. (EME:TSX) to C$2.25 from C$2.75 and reaffirmed its NEUTRAL rating for the company.

A recent report from the Casper Star-Tribune reveals that oil and gas industry insiders believe that while development of the Niobrara shale formation is proceeding slowly, the region presents a number of strong opportunities.

Financial services firm Raymond James maintained its OUTPERFORM rating for junior oil and gas company Twin Butte Energy Inc. (TBE:TSX) and lowered its target stock price for the company to C$3.50 from C$3.75.