Oil & Gas Top Analyst Calls (CPX, FSYS, KEG, PXD, STO)

These are some of the analyst calls impacting oil and gas related shares so far this morning from Wall Street research firms:

• Complete Production Services (NYSE: CPX) Raised To Overweight By JP Morgan; shares indicated up 0.5% on thin volume.
• Fuel Systems Solutions (NASDAQ: FSYS) Cut to Neutral from Buy at Broadpoint (alternative fuel for transportation and power generation); shares down 3.5% on downgrade.
• Key Energy Services (NYSE: KEG) Raised ot Outperform at RBC Capital; shares up over 3% so far.
• Pioneer Natural Resources (NYSE: PXD) Raised to Outperform at BMO Capital; shares up 1.8%.
• Statoil Hydro (NYSE: STO) Started as Overweight at Morgan Stanley; Cramer just panned this one as "running out of oil" last night on CNBC’s MAD MONEY; shares up 1.3%.

Jon C. Ogg
June 24, 2008