Share Upgrades in the Basic Materials Sector

Wall St. Watchdog reveals information about companies for which stock analysts upgraded shares in the Basic Materials sector for the week ending November 4th, 2011.

  • RPC (NYSE:RES): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target to $24 on Oct 31st. The shares recently traded at $20.77, up $2.2, or 11.85% since the analyst’s rating. About the company: RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company’s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment. Get the most recent company news and stock data here >>
  • Nabors Industries (NYSE:NBR): Dahlman Rose upgraded its rating on this company from Hold to Buy and changed its price target to $30 on Oct 31st. The shares recently traded at $19.98, up $1.65, or 9% since the analyst’s rating. About the company: Nabors Industries Ltd, is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors’ well-site services include oilfield management, well logging, and other support services. Get the most recent company news and stock data here >>
  • Agnico-Eagle Mines (NYSE:AEM): Dahlman Rose upgraded its rating on this company from Hold to Buy and changed its price target to $50.01 on Nov 3rd. The shares recently traded at $46.88, up $1.23, or 2.69% since the analyst’s rating. About the company: Agnico-Eagle Mines Limited is a gold producer with operations primarily in Quebec, Canada. The Company also conducts exploration and development activities in Ontario, Canada, and Nevada in the United States. Agnico-Eagle’s gold production is primarily from underground mining operations. Get the most recent company news and stock data here >>
  • Transocean (NYSE:RIG): Global Hunter Securities upgraded its rating on this company from Sell to Reduce and changed its price target from $45 to $46 on Nov 4th. The shares recently traded at $50.90, up $0.78, or 1.56% 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 >>
  • PDC Energy (NASDAQ:PETD): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target to $40 on Nov 4th. The shares recently traded at $30.29, up $0.54, or 1.82% since the analyst’s rating. About the company: Petroleum Development Corporation is an oil and gas company with drilling and production operations in the Rocky Mountains, the Appalachian Basin, and Michigan. The Company’s drilling operations are focused on shallow Rocky Mountain gas prospects. Petroleum Development also sponsors publicly registered drilling programs and owns an Appalachian Basin natural gas marketing company. Get the most recent company news and stock data here >>
  • Plains All Amer (NYSE:PAA): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $67 to $71 on Nov 4th. The shares recently traded at $66.57, up $0.32, or 0.48% since the analyst’s rating. About the company: Plains All American Pipeline, L.P. is involved in interstate and intrastate crude oil pipeline transportation and crude oil terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX and an oil gathering system in CA. 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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