Raymond James Downgrades NE, ESV, NOV, ORIG, SPN, PTEN to Outperform, KEG, HERO to Market Perform, BAS, GGS to Underperform

Raymond James' Marshall Adkins downgraded numerous stocks in the Oil Well Services & Equipment sector Monday morning.

From Strong Buy to Outperform:

• Noble Corp. (NYSE: NE)
  
• Ensco (NYSE: ESV)
  
• National Oilwell Varco (NYSE: NOV)
  
• Ocean Rig (Nasdaq: ORIG)
  
• Superior Energy (NYSE: SPN)
  
• Patterson UTI Energy (Nasdaq: PTEN)

From Outperform to Market Perform:

• Key Energy Services (NYSE: KEG)
  
• Hercules Offshore (Nasdaq: HERO)

From Market Perform to Underperform:

• Basic Energy (NYSE: BAS)
  
• Global Geophysical Services (NYSE: GGS)

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