KeyBanc Upgrades Southwestern Energy (SWN) and XTO Energy (XTO), Downgrades Newfield Exploration (NFX)
KeyBanc made some rating and price target changes for a number of Oil & Gas - E&P comapnies today:
Upgraded from Hold to Buy:
Southwestern Energy Co. (NYSE: SWN) ($45 tgt)
XTO Energy Inc. (NYSE: XTO) ($52 tgt)
Downgrades from Buy to Hold:
Newfield Exploration Co. (NYSE: NFX)
Maintains Buy:
Approach Resources, Inc. (Nasdaq: AREX) ($15 tgt)
Cabot Oil & Gas Corp. (NYSE: COG) (tgt cut from $65 to $50)
Comstock Resources Inc. (NYSE: CRK) (tgt cut from $75 to $65)
Carrizo Oil & Gas Inc. (Nasdaq: CRZO) (tgt cut from $40 to $30
Concho Resources, Inc. (NYSE: CXO) ($32 tgt)
Kodiak Oil & Gas Corp. (AMEX: KOG) (tgt cut from $4 to $2)
Quicksilver Resources Inc. (NYSE: KWK) (tgt cuts from $35 to $13)
Rex Energy Corp. (Nasdaq: REXX) (tgt cut from $20 to $10)
Range Resources Corp. (NYSE: RRC) (tgt cut from $65 to $58)
Whiting Petroleum Corp. (NYSE: WLL) (tgt cut from $95 to $60)
EXCO Resources Inc. (NYSE: XCO) (tgt cut from $25 to $18)
Maintains Hold:
American Oil & Gas Inc. (AMEX: AEZ)
Brigham Exploration Co. (Nasdaq: BEXP)
Double Eagle Petroleum Co. (Nasdaq: DBLE)
Denbury Resources Inc. (NYSE: DNR)
Encore Acquisition Co. (NYSE: EAC)
Crusader Energy Group Inc. (AMEX: KRU)
NGAS Resources Inc. (Nasdaq: NGAS)
St. Mary Land & Exploration Co. (NYSE: SM)
Superior Well Services Inc. (Nasdaq: SWSI)
Venoco, Inc. (NYSE: VQ)
Warren Resources Inc. (Nasdaq: WRES)
Maintains Underweight:
Delta Petroleum Corp. (Nasdaq: DPTR) ($2.50 tgt)
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