UBS Downgrades Oil & Gas Drilling/Exploration Stocks
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UBS downgrades Helmerich & Payne (NYSE: HP) from Buy to Neutral. Price target $34.
UBS downgrades Basic Energy Services (NYSE: BAS), Bronco Drilling (Nasdaq: BRNC), Patterson-UTI Energy (Nasdaq: PTEN) & Pioneer Drilling (NYSE: PDC) from Neutral to Sell.
UBS price target on BAS is $8, PT on BRNC is $4.50, PT on PTEN is $10 & PT on PDC is $4.
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