Capital One Downgraded Several Oil & Gas Stocks (NFX, CHK, GDP, GMXR, FST, KWK, PQ, REXX & UPL)
NFX Hot Sheet
Rating Summary:8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
This morning, Capital One downgraded several Oil & Gas stocks including:
Newfield Exploration (NYSE: NFX) was downgraded from Strong Buy to Add.
Chesapeake Energy (NYSE: CHK), Goodrich Petroleum (NYSE: GDP), GMX Resources (Nasdaq: GMXR), Forest Oil (NYSE: FST), Quicksilver Resources (NYSE: KWK), Petroquest Energy (NYSE: PQ), Rex Energy (Nasdaq: REXX), and Ultra Petroleum (NYSE: UPL) were downgraded from Add to Neutral.
Ironically, all the stocks opened lower, but have since moved higher, most back into positive territory.
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Newfield Exploration (NYSE: NFX) was downgraded from Strong Buy to Add.
Chesapeake Energy (NYSE: CHK), Goodrich Petroleum (NYSE: GDP), GMX Resources (Nasdaq: GMXR), Forest Oil (NYSE: FST), Quicksilver Resources (NYSE: KWK), Petroquest Energy (NYSE: PQ), Rex Energy (Nasdaq: REXX), and Ultra Petroleum (NYSE: UPL) were downgraded from Add to Neutral.
Ironically, all the stocks opened lower, but have since moved higher, most back into positive territory.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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