Goldman Sachs Key Oil Services Research Changes (WFT, DO, SLB, BHI, DRC, BJS, DO)

Energy

Published: December 19, 2007 8:31 am

Goldman Sachs is rolling its primary coverage responsibilities for oil services stocks to Charles Minervino from Arjun Murti and Daniel Boyd. Murti is remaining the lead Oils analyst at Goldman Sachs; and Boyd will continue to co-cover the services sector and will maintain the lead coverage of drillers and OSV’s. Below are some key coverage changes:

Weatherford (WFT) is being ADDED to the CONVICTION BUY LIST.
Schlumberger (SLB) raised to Buy from Neutral, $106 price target remains.
Dresser Rand (DRC) raised to Neutral from Sell, target raised from $35 to $40.
BJ Services (BJS) downgraded to Sell from Neutral, target cut from $26 down to $23.
Baker Hughes (BHI) downgraded to Neutral from Buy, target cut from $96 to $90.
Diamond Offshore (DO) REMOVED from the CONVICTION BUY LIST but maintained Buy with slight estimate decrease.

Jon C. Ogg
December 18, 2007

ALERT: Take This Retirement Quiz Now (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.