SMH Capital Adjusts Ratings on Several Oil & Gas Equipment & Services Stocks
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SMH Capital upgrades Petrohawk Energy (NYSE: HK) (PT from $29 to $36) and Quicksilver Resources(NYSE: KWK) (price target from $17 to $21) from Accumulate to Buy.
SMH Capital upgrades ATP Oil & Gas (Nasdaq: ATPG) (PT $35), Brigham Exploration (Nasdaq: BEXP) (PT $12), Encore Acquisition (NYSE: EAC) (PT $54) and Energy XXI (Nasdaq: EXXI) (PT $4) from Neutral to Accumulate.
SMH Capital upgrades Harvest Natural Resources (NYSE: HNR) from Neutral to Accumulate. PT $11.
SMH Capital upgrades Range Resources (NYSE: RRC) from Reduce to Neutral. PT $50.
SMH Capital downgrades Carrizo Oil & Gas (Nasdaq: CRZO) from Buy to Accumulate. Price target increased from $28 to $37.
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