Traders in Mariner Energy (ME) Responding to an Upgrade and 2 Downgrades This Morning

Shares of Mariner Energy (NYSE: ME) are volatile this morning following news yesterday morning that Anadarko's Licius sidetrack appraisal hit 600 net feet of oil pay. The stock last traded at $15.58, down 1.4% from yesterday's close.

The stock also seems to be somewhat of an analyst battleground this morning:

• upgraded from Hold to Accumulate at Tudor Pickering
  
• downgraded from Buy to Hold at Natixis Bleichroeder. The firm maintained a $17 price target
  
• downgraded from Outperform to Market Perform at BMO. Target raised from $15 to $17

Click here to see all the analyst action on shares of Mariner Energy.

Mariner Energy, Inc. operates as an independent oil and gas exploration, development, and production company.

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