Analysts Upgraded These Energy Stocks in Second Week of December

With the Dow Jones Industrial Average currently trading over 12,000, we researched and reveal the stock analysts who recently upgraded shares in the Basic Materials sector:

Transocean (NYSE:RIG): Howard Weil upgraded its rating on this company from Market Perform to Market Outperform on Dec 12th. The shares recently traded at $38.86, down $3.12, or 7.43% since the analyst’s rating. About the company: Transocean Ltd. is an offshore drilling contractor. The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services. Get the most recent company news and stock data here >>

KiOR (NASDAQ:KIOR): Robert W. Baird upgraded its rating on this company from Underperform to Neutral and changed its price target to $10 on Dec 15th. The shares recently traded at $10.79, down $0.7, or 6.09% since the analyst’s rating. About the company: KiOR, Inc. intends to produce renewable fuels. The Company developed a technology that converts non-food biomass into hydrocarbon-based oil. The renewable crude oil can be refined, using standard refinery equipment, into gasoline and diesel fuels. Get the most recent company news and stock data here >>

Transocean (NYSE:RIG): Global Hunter Securities upgraded its rating on this company from Reduce to Neutral and changed its price target from $46 to $43 on Dec 16th. The shares recently traded at $38.86, down $0.97, or 2.44% since the analyst’s rating. About the company: Transocean Ltd. is an offshore drilling contractor. The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services. Get the most recent company news and stock data here >>

Basic Energy Services (NYSE:BAS): Dahlman Rose upgraded its rating on this company from Hold to Buy and changed its price target to $25 on Dec 16th. The shares recently traded at $17.25, down $0.41, or 2.32% since the analyst’s rating. About the company: Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment. 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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