Goldman Sachs Hits Oil Sector (BHI, EP, XOM, KMP, MMP, EPB, MRO, MUR, KGS, SLB)

Energy

Published: October 13, 2008 6:00 am

Last Updated: April 27, 2020 10:24 pm

Goldman_sachs_logo Oil_well_logo_2_2 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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