Stock Analysts Downgrades: UDRL, RES, PTEN, OYOG, NOV, NR, NBR, KEG, CPX, BAS, PEP, NLSN, DRH, AHT

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on September 23rd.

Downgrades

• Union Drilling (NASDAQ:UDRL): Global Hunter Securities downgraded its rating on this company from Buy to Neutral and changed its price target from $14 to $5.5. About the company: Union Drilling, Inc. provides contract drilling services in the United States and Canada. The Company currently markets rigs in the Appalachian Basin, the Uintah Basin, and the Piceance Basin in eastern Utah and western Colorado, as well as rigs in eastern Canada. Union��s rigs are mechanical, truck-mounted or portable, and equipped for fluid and air drilling.
• RPC (NYSE:RES): Global Hunter Securities downgraded its rating on this company from Accumulate to Neutral and changed its price target from $29 to $26. About the company: RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company��s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment.
• Patterson-UTI (NASDAQ:PTEN): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $45 to $28. About the company: Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.
• OYO Geospace (NASDAQ:OYOG): Global Hunter Securities downgraded its rating on this company fr! om Buy to Accumulate and changed its price target from $114 to $80. About the company: OYO Geospace Corporation designs and manufactures instruments and equipment used in the acquisition and processing of seismic data. The Company markets its seismic instruments primarily to the oil and gas industry worldwide. OYO Geospace also designs and manufactures thermal imaging equipment and distributes dry thermal film products to the commercial graphics industry.
• Natl Oilwell Varco (NYSE:NOV): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $97 to $70. About the company: National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.
• Newpark Res (NYSE:NR): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $11 to $10. About the company: Newpark Resources, Inc. provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. Services include processing and disposal of oilfield exploration and production waste and drilling fluids, along with associated engineering and technical services, and fluids processing and recycling services at the rig site.
• Nabors Industries (NYSE:NBR): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $36 to $22. About the company: Nabors Industries Ltd, is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations! . Nabors �� well-site services include oilfield management, well logging, and other support services.
• Key Energy (NYSE:KEG): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $25 to $14. About the company: Key Energy Services, Inc. provides onshore, rig-based well services, including well maintenance, workover, completion and re-completion, and plugging and abandonment. The Company also provides oilfield trucking and ancillary oilfield services. In addition, Key Energy Services contracts for onshore drilling operations and produces and develops oil and natural gas reserves.
• Complete Production Services (NYSE:CPX): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $52 to $28. About the company: Complete Production Services, Inc. offers services to the oil and natural gas production industry. The Company establishes, maintains, and enhances the flow of oil and gas throughout the life of a well, offers land drilling, specialized rig logistics and site preparation services, and offers products such as completion, flow control and artificial lift equipment, and tubular goods.
• Basic Energy Services (NYSE:BAS): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $45 to $30. About the company: Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment.
• PepsiCo (NYSE:PEP): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: PepsiCo, Inc. operates worl! dwide be verage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.
• Nielsen (NYSE:NLSN): Needham downgraded its rating on this company from Buy to Hold. About the company: Nielsen Holdings N.V. is a global information and measurement company. The Company offers critical media and marketing information, analytics and industry expertise about what consumers watch (consumer interaction with television, online and mobile) and what consumers buy on a global and local basis.
• Diamondrock Hospitality (NYSE:DRH): FBR Capital downgraded its rating on this company from Mkt Perform to Underperform and changed its price target from $11 to $6. About the company: DiamondRock Hospitality Company is a self-advised real estate investment trust. The Company owns, acquires, and invests in upper scale and upscale hotel properties located in North America. DiamondRock also invests in premium limited-service and extended-stay hotel properties in urban locations.
• Ashford Hospitality Trust (NYSE:AHT): FBR Capital downgraded its rating on this company from Mkt Perform to Underperform and changed its price target from $12 to $5. About the company: Ashford Hospitality Trust is a self-advised real estate investment trust focusing on the lodging industry. The Company owns several hotel properties in primary, secondary, and resort markets throughout the United States.