Raymond James Downgrades Independent Oil & Gas Stocks NFX, KWK & XEC

January 4, 2012 10:14 AM EST Send to a Friend
Get Alerts NFX Hot Sheet
Price: $23.94 +4.04%

Rating Summary:
    10 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 30
Trade NFX Now!
This morning, Raymond James downgraded Independent Oil & Gas stocks Newfield Exploration (NYSE: NFX) and Quicksilver Resources (NYSE: KWK) from Market Perform to Underperform. Both stocks are currently down 1%

Raymond James also downgraded Cimarex Energy (NYSE: XEC) from Strong Buy to Outperform. However, shares are being clobbered in the first hour of trading, currently down 3%.


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