Upgrades: • Key Energy Services (KEG/$14.59/$8.27/$20.77/$2.22B) from Market Perform to Outperform by Wells Fargo.• Noble Corp. (NE/$34.37/$27.33/$46.72/$8.65B) from Hold to Buy by Deutsche Bank.• Oil States (OIS/$80.53/$44.77/$87.00/$4.06B) from Market Outperform to Focus Stock by Howard Weil.• Pioneer Drilling Co. (PDC/$9.09/$5.83/$18.00/$568.57M) from Mkt Perform to Outperform by Morgan Keegan.• Superior Energy Services (SPN/$26.53/$22.19/$42.87/$2.16B) from Market Perform to Market Outperform by Howard Weil.
New Coverage• Pacific Drilling (PACD/$9.76/$7.69/$9.95/$2.07B) was initiated at Buy by Deutsche Bank.• Precision Drilling (PDS/$9.38/$7.52/$18.18/$2.7B)......
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