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 2.58

-0.10 -3.73%
Volume: 401,667
Track AEZ

AREX 7.06

-0.22 -3.02%
Volume: 80,030
Track AREX

BEXP 10.18

-0.56 -5.21%
Volume: 6,080,808
Track BEXP

COG 40.07

-0.52 -1.28%
Volume: 1,300,935
Track COG

CRK 40.00

-0.56 -1.38%
Volume: 908,604
Track CRK

CRZO 24.62

+0.19 +0.78%
Volume: 702,394
Track CRZO

CXO 41.15

-0.22 -0.53%
Volume: 807,960
Track CXO

DBLE 4.76

-0.22 -4.42%
Volume: 35,033
Track DBLE

DNR 12.85

-0.09 -0.70%
Volume: 7,431,025
Track DNR

DPTR 1.16

+0.02 +1.75%
Volume: 6,977,697
Track DPTR

EAC 44.74

+0.18 +0.40%
Volume: 2,091,240
Track EAC

KOG 2.48

+0.00 +0.00%
Volume: 782,358
Track KOG

KRU 0.16

+0.00 +0.00%
Volume: 500
Track KRU

KWK 12.85

-0.48 -3.60%
Volume: 5,489,996
Track KWK

NFX 42.87

-0.57 -1.31%
Volume: 1,240,925
Track NFX

NGAS 1.74

+0.01 +0.58%
Volume: 116,280
Track NGAS

REXX 9.16

+0.48 +5.53%
Volume: 658,057
Track REXX

RRC 50.42

-1.19 -2.31%
Volume: 2,047,336
Track RRC

SM 33.45

-0.70 -2.05%
Volume: 842,753
Track SM

SWN 44.74

-0.81 -1.78%
Volume: 2,579,224
Track SWN

SWSI 10.80

-0.21 -1.91%
Volume: 327,004
Track SWSI

VQ 13.71

-0.22 -1.58%
Volume: 254,435
Track VQ

WLL 61.30

+0.33 +0.54%
Volume: 1,306,728
Track WLL

WRES 2.29

-0.04 -1.72%
Volume: 290,256
Track WRES

XCO 17.36

-0.14 -0.80%
Volume: 2,773,431
Track XCO

XTO 43.25

+0.07 +0.16%
Volume: 6,122,235
Track XTO


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