Petrohawk Energy (HK) Downgraded by Several Analysts

A number of analysts downgraded shares of Petrohawk Energy (NYSE: HK) after the massive offer for the company from BHP Billiton (NYSE: BHP).

Keybanc downgraded Petrohawk from a "Buy" rating to a "Hold" rating. They have a price target of $36 on the company.

Howard Weil downgraded the natural gas giant from an "Outperform" rating to a "Market Perform" rating.

Tudor Pickering downgraded Petrohawk to a "Hold" rating.

Wells Fargo & Co. (NYSE: WFC) downgraded Petrohawk from an “Outperform” rating to a “Market Perform” rating.

Petrohawk closed Friday at $38.17, gaining $14.68, or 62.49 percent.