KeyBanc Upgrades Southwestern Energy (SWN) and XTO Energy (XTO), Downgrades Newfield Exploration (NFX)

January 6, 2009 11:21 AM EST

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)


Related Categories

Analyst Comments
Downgrades
Upgrades

Stocks Mentioned

AEZ 3.48

+0.01 +0.29%
Volume: 110,431
Track AEZ

AREX 6.65

-0.04 -0.60%
Volume: 85,395
Track AREX

BEXP 11.64

+0.46 +4.11%
Volume: 616,142
Track BEXP

COG 38.32

+0.64 +1.70%
Volume: 279,234
Track COG

CRK 37.66

+0.76 +2.06%
Volume: 91,394
Track CRK

CRZO 21.47

+1.07 +5.25%
Volume: 231,141
Track CRZO

CXO 41.77

+0.85 +2.08%
Volume: 92,841
Track CXO

DBLE 4.39

+0.09 +2.09%
Volume: 3,642
Track DBLE

DNR 13.68

+0.16 +1.18%
Volume: 1,544,533
Track DNR

DPTR 0.87

-0.02 -2.25%
Volume: 1,649,412
Track DPTR

EAC 46.20

+0.26 +0.57%
Volume: 413,910
Track EAC

KOG 2.42

+0.02 +0.83%
Volume: 217,266
Track KOG

KRU 0.16

+0.00 +0.00%
Volume: 500
Track KRU

KWK 13.08

+0.16 +1.24%
Volume: 526,039
Track KWK

NFX 41.59

+0.35 +0.85%
Volume: 390,584
Track NFX

NGAS 1.64

-0.01 -0.61%
Volume: 34,777
Track NGAS

REXX 9.65

+0.43 +4.66%
Volume: 75,003
Track REXX

RRC 47.40

+0.52 +1.11%
Volume: 494,532
Track RRC

SM 31.80

+0.69 +2.22%
Volume: 74,189
Track SM

SWN 43.21

+0.13 +0.30%
Volume: 761,722
Track SWN

SWSI 13.55

+0.64 +4.96%
Volume: 151,468
Track SWSI

VQ 11.40

+0.37 +3.35%
Volume: 40,312
Track VQ

WLL 66.60

+0.85 +1.29%
Volume: 411,576
Track WLL

WRES 2.49

+0.10 +4.18%
Volume: 81,913
Track WRES

XCO 17.71

+0.44 +2.55%
Volume: 359,241
Track XCO

XTO 41.36

+0.05 +0.12%
Volume: 1,272,579
Track XTO


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