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Jefferies & Co Downgrades Oil & Gas Drilling & Exploration Stocks

November 6, 2009 9:06 AM EST
VNR Hot Sheet
Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Jefferies & Co downgrades Vanguard Natural Resources (NYSE: VNR) from Buy to Hold. Price target $18.

Jefferies also downgrades Continental Resources (CLR), Quicksilver (NYSE: KWK) and W&T Offshore (NYSE: WTI) from Buy to Hold.

CLR's price target lowered to $43, KWK's price target raised $1 to $14 and WTI price target raised $0.50 to $12.

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