Upgrades
- Douglas Emmett (DEI) upgraded by Stifel from Sell to Hold
- DCT Industrial (DCT) upgraded by Stifel from Hold to Buy
- CryoLife (CRY) upgraded by Piper Jaffray from Neutral to Overweight
- Kimberly Clark (KMB) upgraded by BMO Capital from Market Perform to Outperform
- Noble Corp. (NE) upgraded by Global Hunter from Neutral to Accumulate
- Atwood Oceanics (ATW) upgraded by Global Hunter from Neutral to Accumulate
- Oceaneering (OII) upgraded by Global Hunter from Neutral to Accumulate
- National Oilwell (NOV) upgraded by Global Hunter from Neutral to Accumulate
- Superior Energy (SPN) upgraded by Global Hunter from Neutral to Accumulate
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Downgrades
- New Source Energy (NSLP) downgraded by Stifel from Buy to Hold
- LRR Energy (LRE) downgraded by Stifel from Buy to Hold
- BreitBurn Energy (BBEP) downgraded by Stifel from Buy to Hold
- Hercules Offshore (HERO) downgraded by Global Hunter from Neutral to Reduce
- Diamond Offshore (DO) downgraded by Global Hunter from Neutral to Reduce
- Nabors Industries (NBR) downgraded by Global Hunter from Neutral to Reduce
- Patterson-UTI (PTEN) downgraded by Global Hunter from Buy to Accumulate
- Baker Hughes (BHI) downgraded by Global Hunter from Buy to Neutral
- Halliburton (HAL) downgraded by Global Hunter from Buy to Neutral
- Weatherford (WFT) downgraded by Global Hunter from Buy to Accumulate
- Basic Energy (BAS) downgraded by Global Hunter from Accumulate to Neutral
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