Oil Service Companies Catch an Upgrade, Shares Trade Flat: OIH, GLF, NE, HOS, OII, RDC
Global Hunter Securities is upgrading several oil service companies (NYSE:OIH) today. Analysts are citing new U.S. permits that are increasing demand for rigs.
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The companies include Gulfmark Offshore Inc. (NYSE:GLF) (Neutral to Accumulate, $46 to $48 PT), Noble Corp. (NYSE:NE) (Neutral to Buy, $33 to $45 PT), Hornbeck Offshore Services Inc. (NYSE:HOS) (Neutral to Buy $30 to #39 PT), Oceaneering International Inc. (NYSE:OII) (Neutral to Buy, $47 to $53 PN), and Rowan Companies Inc. (NYSE:RDC) (Neutral to Buy, $44 PT unchanged).
Oil Service HOLDRs ETF (NYSE:OIH) is flat to down in today’s trading.
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