SMH Capital Adjusts Ratings on Several Oil & Gas Equipment & Services Stocks

October 23, 2009 10:19 AM EDT

SMH Capital upgrades Petrohawk Energy (NYSE: HK) (PT from $29 to $36) and Quicksilver Resources(NYSE: KWK) (price target from $17 to $21) from Accumulate to Buy.

SMH Capital upgrades ATP Oil & Gas (Nasdaq: ATPG) (PT $35), Brigham Exploration (Nasdaq: BEXP) (PT $12), Encore Acquisition (NYSE: EAC) (PT $54) and Energy XXI (Nasdaq: EXXI) (PT $4) from Neutral to Accumulate.

SMH Capital upgrades Harvest Natural Resources (NYSE: HNR) from Neutral to Accumulate. PT $11.

SMH Capital upgrades Range Resources (NYSE: RRC) from Reduce to Neutral. PT $50.

SMH Capital downgrades Carrizo Oil & Gas (Nasdaq: CRZO) from Buy to Accumulate. Price target increased from $28 to $37.


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Downgrades
Upgrades

Stocks Mentioned

ATPG 16.42

+0.47 +2.95%
Volume: 2,249,352
Track ATPG

BEXP 11.58

+0.40 +3.58%
Volume: 3,842,267
Track BEXP

CRZO 20.79

+0.39 +1.91%
Volume: 792,022
Track CRZO

EAC 46.55

+0.61 +1.33%
Volume: 1,490,113
Track EAC

EXXI 2.13

-0.02 -0.93%
Volume: 2,690,362
Track EXXI

HK 21.11

-0.43 -2.00%
Volume: 5,042,211
Track HK

HNR 5.71

+0.05 +0.88%
Volume: 76,824
Track HNR

KWK 12.46

-0.46 -3.56%
Volume: 5,863,804
Track KWK

RRC 45.18

-1.70 -3.63%
Volume: 4,917,913
Track RRC


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