Oil & Energy Upgrades & Downgrades (APA, DNR, E, XOM, OXY, PXP, RDS.A, SPWRA)

Posted: March 16, 2009 at 7:20 am

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These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning:

  • Apache (NYSE: APA) Raised to Outperform at Credit Suisse.
  • Denbury Resources Inc. (NYSE: DNR) Cut to Neutral at Credit Suisse.
  • ENI S.p.A. (NYSE: E) Raised to Overweight at JPMorgan.
  • Exxon Mobil (NYSE: XOM) Started as Buy at Citigroup.
  • Occidental Petroleum (NYSE: OXY) Cut to Neutral at Credit Suisse.
  • Plains Exploration (NYSE: PXP) Cut to Neutral at Credit Suisse.
  • Royal Dutch Shell (NYSE: RDS.A) Cut to Market Perform at Sanford Bernstein.
  • SunPower (NASDAQ: SPWRA) Cut to Underweight at Morgan Stanley.

JON C. OGG

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