Energy
Analysts Downgrading Oil Patch (NOV, PDE, REP, SII, STO, SU, RIG)
Published:
Last Updated:
It is probably no huge shock that downgrades are coming more than upgrades now that oil has come down so much. Too bad these were not the calls several months ago. Here are some of the downgrades this Wednesday in the oil patch:
- National Oilwell Varco (NYSE: NOV) Cut to Underweight at JPMorgan.
- Pride International (NYSE: PDE) Cut to Underweight at JPMorgan.
- Repsol SA (NYSE: REP) Cut to Neutral at UBS.
- Smith International (NYSE: SII) Cut to Neutral at JPMorgan.
- Statoil (NYSE: STO) Cut to Neutral at UBS.
- Suncor Energy (NYSE: SU) Cut to Sector Perform at RBC.
- Transocean (NYSE: RIG) Cut to Neutral at JPMorgan.
Jon C. Ogg
January 14, 2009
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.