Energy Business
Goldman Sachs Hits Oil Sector (BHI, EP, XOM, KMP, MMP, EPB, MRO, MUR, KGS, SLB)
October 13, 2008 6:00 am
Last Updated: April 27, 2020 10:24 pm
In a perhaps late research call in the oilpatch, Goldman Sachs has downgraded the exploration & production sector to Neutral from attractive and downgraded the oil services sector to Neutral from Attractive. Interestingly enough. in all of the downgrades for these sub-sectors there are actually some upgrades in the group. Below are some of these top calls in the sector from Goldman Sachs:
- Baker Hughes (BHI) Raised To Buy From Neutral
- El Paso (EP) Raised To Buy From Neutral
- Exxon Mobil (XOM) Raised To Buy From Neutral
- Kinder Morgan Energy (KMP) Raised To Buy From Neutral
- Magellan Midstream (MMP) Raised To Buy From Neutral
Here are the downgrades in the sectors:
- El Paso Pipeline (EPB) Cut To Neutral From Buy
- Marathon Oil (MRO) Cut To Neutral From Buy
- Murphy Oil (MUR) Cut To Neutral From Buy
- Quicksilver Gas Services (KGS) Cut To Neutral from Buy
- Schlumberger (SLB) Cut To Neutral From Buy
Jon C. Ogg
October 13, 2008
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