Capital One Downgrades DRQ, OIS, OII, SPN, EXH, NGS to Neutral; Stocks Fall

September 23, 2009 11:30 AM EDT

Capital One Southcoast downgrades several names in the Energy - Infrastructure industry today, saying that most stocks in this group are overextended. The firm moved its ratings on the following stocks from Add to Neutral:

  • Dril-Quip (NYSE: DRQ) - target raised from $46 to $50
  • Oil States International (NYSE: OIS) - target raised from $28 to $32
  • Oceaneering Interntaional (NYSE: OII) - target raised from $56 to $65
  • Superior Energy Services (NYSE: SPN) - target raised from $20 to $24
  • Exterran Holdings (NYSE: EXH) - target raised from $21 to $28
  • Natural Gas Services Group (NYSE: NGS) - target raised from $15 to $18
These stocks are selling-off today amid the downgrades.


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Downgrades

Stocks Mentioned

DRQ 53.39

-1.65 -3.00%
Volume: 149,444
Track DRQ

EXH 21.11

-0.58 -2.67%
Volume: 226,951
Track EXH

NGS 17.15

-0.60 -3.38%
Volume: 64,681
Track NGS

OII 54.21

-1.52 -2.73%
Volume: 206,942
Track OII

OIS 35.29

-1.34 -3.66%
Volume: 204,273
Track OIS

SPN 21.17

-0.69 -3.16%
Volume: 217,073
Track SPN


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