Raymond James Downgrades NE, ESV, NOV, ORIG, SPN, PTEN to Outperform, KEG, HERO to Market Perform, BAS, GGS to Underperform

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Raymond James' Marshall Adkins downgraded numerous stocks in the Oil Well Services & Equipment sector Monday morning.

From Strong Buy to Outperform:

• Noble Corp. (NYSE: NE)
  
• Ensco (NYSE: ESV)
  
• National Oilwell Varco (NYSE: NOV)
  
• Ocean Rig (Nasdaq: ORIG)
  
• Superior Energy (NYSE: SPN)
  
• Patterson UTI Energy (Nasdaq: PTEN)

From Outperform to Market Perform:

• Key Energy Services (NYSE: KEG)
  
• Hercules Offshore (Nasdaq: HERO)

From Market Perform to Underperform:

• Basic Energy (NYSE: BAS)
  
• Global Geophysical Services (NYSE: GGS)

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