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Raymond James Downgraded Oil & Gas Stocks SDT, EROC, PER & HES; Upgrades BP

January 3, 2012 1:45 PM EST
SDT Hot Sheet
Rating Summary:
    1 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
This morning, Raymond James downgraded Oil and Gas stocks Sandridge Mississippian Trust (NYSE: SDT) and Eagle Rock Energy Partners (Nasdaq: EROC) from Outperform to Market Perform. Shares are down 3.4% and 2.15%, respectively.

Raymond James also downgraded SandRidge Permian Trust (NYSE: PER) and Hess Corp (NYSE: HES) from Strong Buy to Outperform. PER is currently trading down 2.6%, but HES is up 2.8%.

Out of the group (covered), Raymond James only upgrades BP plc (NYSE: BP) from Outperform to Strong Buy. The shares are currently trading up 3%


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