Energy
Goldman Sachs Mixes Calls in Oil and Utilities (RIG, PTEN, HAL, OIS, NBR, DO, FTI, WR, NRG, NVE)
Published:
Last Updated:
Goldman Sachs has made several key upgrades and downgrades this morning in the utility sector and in the oil patch. While the utility sector was raised to attractive, some of the other calls seem more mixed on the surface in the oil patch.
Transocean (NYSE: RIG) was one of the few real upgrades as shares were raised to Buy from Neutral. Patterson-UTI (NASDAQ: PTEN) and Halliburton (NYSE: HAL) were cut to Neutral, while Oil States International (NYSE: OIS) was cut to Sell. Nabors Industries (NYSE: NBR) was cut to Sell from Neutral. Diamond Offshore (NYSE: DO) and FMC Technologies (NYSE: FTI) were both upgraded, but only to Neutral from Sell.
Westar Energy (NYSE: WR) and NRG Energy (NYSE: NRG) were both raised to Buy, while NV Energy (NYSE: NVE) was cut to Neutral.
Jon C. Ogg
June 25, 2009
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.