UBS Issues Mid-Day Upgrade on Denbury (DNR), Downgrades on Arena Resources (ARD) and Forest Oil (FST)
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Several stocks in the Oil & Gas Operations sector are volatile this afternoon as an analyst at UBS has made a couple intraday rating changes:
- upgraded Denbury Resources (NYSE: DNR) from Neutral to Buy. Shares jumped about 2% on the analyst call, and are now down about $0.13 to $16.77 for the session.
- downgraded Arena Resources (NYSE: ARD) from Buy to Neutral. The stock fell more than 1% after the news hit wires, and most recently traded at $42.59.
- downgraded Forest Oil (NYSE: FST) from Buy to Neutral. Shares fell more than 1.5% amid the downgrade, but have now almost retaken the losses. The stock most recently traded at $22.90
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