Brokers Downgrade These 5 Basic Materials Stocks Week Ending Nov 18th

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Basic Materials sector for the week ending November 18th, 2011.

  • Tesoro (NYSE:TSO): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $34 to $30 on Nov 15th. The shares recently traded at $23.72, down $3.13, or 11.66% since the analyst’s rating. About the company: Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users. Get the most recent company news and stock data here >>
  • ECA Marcellus Trust (NYSE:ECT): Robert W. Baird downgraded its rating on this company from Neutral to Underperform and changed its price target from $26 to $19 on Nov 15th. The shares recently traded at $24.20, down $1, or 3.97% since the analyst’s rating. About the company: ECA Marcellus Trust I is a statutory trust. The trust owns royalty interests in horizontal shale natural gas wells in Pennsylvania. Get the most recent company news and stock data here >>
  • QR Energy LP (NYSE:QRE): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $22 on Nov 15th. The shares recently traded at $19.62, down $0.81, or 3.96% since the analyst’s rating. About the company: QR Energy LP owns and acquires producing oil and natural gas properties in North America. The Company’s properties consist of mature, legacy onshore oil and natural gas reservoirs with long-lived, predictable production profiles. Get the most recent company news and stock data here >>
  • Chesapeake Energy (NYSE:CHK): Argus downgraded its rating on this company from Hold to Sell on Nov 17th. The shares recently traded at $24.07, down $0.65, or 2.63% since the analyst’s rating. About the company: Chesapeake Energy Corporation produces oil and natural gas. The Company’s operations are focused on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States. Get the most recent company news and stock data here >>
  • Exco Resources (NYSE:XCO): Stifel Nicolaus downgraded its rating on this company from Buy to Hold on Nov 18th. The shares recently traded at $10.63, down $0.18, or 1.67% since the analyst’s rating. About the company: EXCO Resources, Inc. explores for oil and natural gas. The Company operates in onshore locations in 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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