Mar 14, 2016

Posted by in Stock Reports | 0 Comments

It’s Never Too Late: Trading on Stock Upgrades: Oceaneering International (NYSE:OII), Weatherford International Plc (NYSE:WFT), Carrizo Oil & Gas Inc (NASDAQ:CRZO)

It’s Never Too Late: Trading on Stock Upgrades: Oceaneering International (NYSE:OII), Weatherford International Plc (NYSE:WFT), Carrizo Oil & Gas Inc (NASDAQ:CRZO)

Analysts have been actively evaluating companies as long as there have been stocks, but they’re more popular and get more exposure than ever thanks to round-the-clock stock market news and online resources. Analysts’ notoriety has also increased. But while analysts typically have similar credentials, they aren’t all the same.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

Goldman upgraded Oceaneering International (NYSE:OII) to Buy from Neutral on Friday. The stock has a consensus Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 10 have assigned a hold rating, 1 says it’s a buy, and 2 have assigned a strong buy rating to the company.

In a note to investors, Goldman upgraded Weatherford International Plc (NYSE:WFT) to Buy from Neutral. It has earned a consensus Strong Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 6 have assigned a hold rating, 1 says it’s a buy and 13 have assigned a strong buy rating to the company.

According to a research note released on Friday, Goldman has upgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) from Neutral to Buy. The average analysts that follow this company have a ‘Strong Buy’ rating, according to Zacks Investment Research. Among analysts covering the stock, 15 maintain strong buy rating, 2 set the stock as buy, Zero give underperform rating and Zero suggests selling.

 

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