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Raymond James Downgrades Independent Oil & Gas Stocks NFX, KWK & XEC

January 4, 2012 10:14 AM EST
Get Alerts NFX Hot Sheet
Price: $26.58 -1.45%

Rating Summary:
    19 Buy, 20 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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This morning, Raymond James downgraded Independent Oil & Gas stocks Newfield Exploration (NYSE: NFX) and Quicksilver Resources (NYSE: KWK) from Market Perform to Underperform. Both stocks are currently down 1%

Raymond James also downgraded Cimarex Energy (NYSE: XEC) from Strong Buy to Outperform. However, shares are being clobbered in the first hour of trading, currently down 3%.


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