Tuesday, January 17, 2012

Exxon (XOM) (NSU) (ERF) (RDS-A) (HES) (CPNO) (PTEN) Ratings, Price Targets

Exxon Mobil (NYSE: XOM), Nevsun Resources Ltd (NYSE: NSU), Enerplus Resources Fund (NYSE: ERF), Royal Dutch Shell (NASDAQ: RDS-A), Hess (NYSE: HES), Copano Energy, L.L.C. (NASDAQ: CPNO) and Patterson-UTI (NASDAQ: PTEN) ratings and price targets.

Nevsun Resources Ltd (NSU) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.

Enerplus Resources Fund (ERF) was downgraded by CIBC from a “Sector Perform” rating to an “Underperform” rating.

Exxon Mobil (XOM) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating.

Royal Dutch Shell (RDS-A) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating.

Hess (HES) was upgraded by Howard Weil from a “Market Perform” rating to an “Outperform” rating.

Copano Energy, L.L.C. (CPNO) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $40.00 on the company, up from $36.00.

Patterson-UTI (PTEN) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.

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