Saturday, February 4, 2012

Noble (NBL) (PTEN) (PWER) (NOV) (MRO) (EXXI) Ratings, Price Targets

Noble Energy (NYSE: NBL), Patterson-UTI (NASDAQ: PTEN), Power-One, Inc. (NASDAQ: PWER), National-Oilwell Varco, Inc. (NYSE: NOV), Marathon Oil Co. (NYSE: MRO) and Energy XXI (NASDAQ: EXXI) had ratings and price targets on them adjusted by analysts.

Credit Suisse initiated coverage on Noble Energy (NYSE: NBL). They placed an “Outperform” rating and a price target of $116.00 on the company.

Patterson-UTI (PTEN) had its “Buy” rating reiterated by Canaccord Genuity.

Power-One, Inc. (PWER) had its “Hold” rating reiterated by Needham & Company.

National-Oilwell Varco, Inc. (NOV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating.

Marathon Oil Co. (MRO) had its price target raised by Scotia Capital to $35.00.

Energy XXI (EXXI) had its price target raised by Rodman & Renshaw from $37.00 to $40.00. They have an “Outperform” rating on the company.

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