2 Energy Companies Analysts Say Investors Should Consider
From Seeking Alpha
When an analyst upgrades a stock and that upgrade is accompanied by a recommendation with a long-term positive or negative outlook, the stock in focus may see a considerable increase or decrease in its share price within just a few minutes of that note. With that said, I wanted to focus on two energy stocks that were upgraded in the last 24 hours.
SeaDrill, Ltd. (SDRL) had its coverage upgraded by Natixis and Natixis Bleichroeder to a rating of “Hold” from a rating of “Reduce” at both firms. The Hamilton, Bermuda based firm provides offshore drilling services to the oil and gas industry worldwide. Its services include drilling, completion, and maintenance of offshore wells; production drilling and well maintenance; and well services. The company owns and operates a fleet of 59 offshore drilling units, which consist of 13 semi-submersible rigs, 9 drill ships, 21 jack-up rigs, and 16 tender rigs for operations in shallow, mid and deep water areas, and in benign and harsh environments.