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Thursday, January 19, 2012

Forest Oil (FST) (HLX) (UPL) (REXX) (PDCO) (PETD) Ratings, Price Targets

Forest Oil (NYSE: FST), Helix Energy Solutions Group (NYSE: HLX), Ultra Petroleum (NYSE: UPL), Rex Energy (NASDAQ: REXX), Patterson Companies (NASDAQ: PDCO) and Petroleum Development (NASDAQ: PETD) ratings and price targets.

Forest Oil (FST) was downgraded by Capital One to a “Neutral” rating.

Helix Energy Solutions Group (HLX) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.

Ultra Petroleum (UPL) was downgraded by Capital One to a “Neutral” rating.

Rex Energy (REXX) was downgraded by Capital One to a “Neutral” rating.

Patterson Companies (PDCO) was downgraded by Barclays Capital (NYSE:BCS) from an “Equal Weight” rating to an “Underweight” rating.

Petroleum Development (PETD) was downgraded by Brean Murray Carret & Co. from a “Buy” rating to a “Hold” rating. They have a price target of $46.00 on the company.

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