Analysts Downgraded These Energy Stocks Last Week

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Basic Materials sector for the week ending November 11th, 2011.

  • BPZ Energy (NYSE:BPZ): Rodman & Renshaw downgraded its rating on this company from Mkt Outperform to Mkt Perform on Nov 7th. The shares recently traded at $2.85, down $0.32, or 10.09% since the analyst’s rating. About the company: BPZ Resources, Inc. is an oil and gas exploration and production company with properties in Peru and Ecuador. The Company has exclusive rights and license agreements for oil and gas exploration and production in several properties in northwest Peru. BPZ also owns a non-operating interest in a producing property in southwest Ecuador. Get the most recent company news and stock data here >>
  • Spectra Energy LP (NYSE:SEP): Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform on Nov 7th. The shares recently traded at $29.41, down $0.4, or 1.34% since the analyst’s rating. About the company: Spectra Energy Partners LP owns and operates natural gas transportation and storage assets. The Company owns interstate natural gas pipeline systems located in the southeastern United States and natural gas storage facilities in Texas and Louisiana. Get the most recent company news and stock data here >>
  • Cimarex (NYSE:XEC): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target from $110 to $95 on Nov 8th. The shares recently traded at $67.63, up $2.23, or 3.41% since the analyst’s rating. About the company: Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas. Get the most recent company news and stock data here >>
  • ATP Oil & Gas (NASDAQ:ATPG): Global Hunter Securities downgraded its rating on this company from Accumulate to Reduce and changed its price target from $14 to $6.25 on Nov 10th. The shares recently traded at $5.78, down $1.47, or 20.28% since the analyst’s rating. About the company: ATP Oil & Gas Corporation acquires and develops natural gas and oil properties, and produces natural gas and crude oil, primarily in the outer continental shelf of the Gulf of Mexico. The Company concentrates on proven undeveloped reserves which have not been strategic to major oil and gas exploration companies. ATP also operates in the shallow waters of the Gulf of Mexico and in the North Sea. Get the most recent company news and stock data here >>
  • Northern Oil & Gas (AMEX:NOG): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $30 to $29 on Nov 10th. The shares recently traded at $23.18, up $0.79, or 3.53% since the analyst’s rating. About the company: Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company is currently focused on the Rocky Mountain regions of the United States. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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