Global Hunter Downgrades BAS, CPX, KEG, NBR, NR, NOV, OYOG, PTEN, RES, UDRL, XDC

Global Hunter Securities has downgraded the following companies: Basic Energy Services, Inc. BAS – Buy to Accumulate, $45 to $30 PT Complete Production Services, Inc. CPX – Buy to Accumulate, $52 to $28 PT Key Energy Services Inc. KEG – Buy to Accumulate, $25 to $14 PT Nabors Industries Ltd. NBR – Buy to Accumulate, $36 to $22 PT Newpark Resources Inc. NR – Buy to Accumulate, $11 to $10 PT National Oilwell Varco, Inc. NOV – Buy to Accumulate, $97 to $70 PT OYO Geospace Corp. OYOG – Buy to Accumulate, $114 to $80 PT Patterson-UTI Energy Inc. PTEN – Buy to Accumulate, $45 to $28 PT RPC Inc. (RES – Accumulate to Neutral, $29 to $26 PT Union Drilling, Inc. UDRL – Buy to Neutral, $14 to $5.50 PT Xtreme Coil Drilling Cp XDC – Buy to Accumulate, C$6 to C$5 PT