Upgrades & Downgrades in Oil & Gas (BHI, SII, HAL, NOV, SLB, WFT, BJS, SE, TTES, NBF)

Energy

Published: July 1, 2008 7:38 am

These are some of the top analyst calls in oil and gas stocks we have seen in the early hours of trading this Tuesday morning.

Citigroup picked up new coverage on many stocks today. Its new HOLD rated positions are as follows: Baker Hughes (NYSE: BHI) and Smith Intl (NYSE: SII). Its new BUY rated stocks are as follows: Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), and Schlumberger (NYSE: SLB). Citi also made two downgrades as both Weatherford (NYSE: WFT) and BJ Services (NYSE: BJS) were downgrades to HOLD from BUY ratings.

UBS has also made a select call on Spectra Energy (NYSE: SE) as it was started as a BUY rating.

Jefferies started coverage on T-3 Energy Services Inc. (NASDAQ: TTES) as a BUY rated stock. Jefferies also downgraded Nova Biosource Fuels (AMEX: NBF) to HOLD from BUY.

Jon C. Ogg
July 1, 2008

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.