Raymond James Downgrades 23 Oil & Gas Operations Stocks

Raymond James' John Freeman downgraded a litany of stocks in the Oil & Gas Operations group Monday morning.

From Strong Buy to Outperform:

• Denbury (NYSE: DNR)
  
• Apache (NYSE: APA)
  
• Anadarko (NYSE: APC)
  
• Continental Resources (NYSE: CLR)
  
• Concho Resources (NYSE: CXO)
  
• Whiting Petroleum (NYSE: WLL)
  
• QEP Resources (NYSE: QEP)
  
• Resolute Energy (NYSE: REN)
  
• Pioneer Natural Resources (NYSE: PXD)
  
• Energy XXI (Bermuda) Limited (Nasdaq: EXXI)
  
• BPZ Resources (NYSE: BPZ)

From Outperform to Market Perform:

• Swift Energy (NYSE: SFY)
  
• PetroQuest (NYSE: PQ)
  
• Goodrich Petroleum (NYSE: GDP)
  
• Kodiak Oil & Gas (NYSE: KOG)
  
• Occidental Petroleum (NYSE: OXY)
  
• Oasis Petroleum (NYSE: OAS)
  
• SM Energy (NYSE: SM)

From Market Perform to Underperform:

• Forest Oil (NYSE: FST)
  
• ConocoPhilips (NYSE: COP)
  
• Berry Petroleum (NYSE: BRY)
  
• Rosetta Resources (Nasdaq: ROSE)

From Outperform to Underperform:

• Northern Oil & Gas (NYSE: NOG)

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