Thursday, October 21, 2010

Atlas Energy (Nasdaq:ATLS), Stone Energy (NYSE:SGY) Downgraded by CapitalOne Southcoast

Atlas Energy (Nasdaq:ATLS) and Stone Energy (NYSE:SGY) smaller, regional players in the oil and gas sector, were both downgraded by CapitalOne Southcoast from "Add" to "Neutral."

Atlas has had an up and down year, which has gone nowhere over the last twelve months, dropping to a little lower than they were a year ago.

Stone Energy was level from November 2009 to April 2009, but the bottom dropped out from April through August, and they started to regain some ground, although they're not back to November levels yet.

Stone closed Wednesday at $16.09, gaining $0.29, or 1.84 percent. Atlas closed at $30.77, increasing $0.19, or 0.64 percent.

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