Upgrades:• Hercules Offshore, Inc. (HERO/$4.86/$2.91/$5.57/$770.66M) from Hold to Buy by Dahlman Rose.• Helmerich & Payne Inc. (HP/$48.09/$38.71/$68.60/$5.08B) from Sector Perform to Outperform by RBC Capital Markets.• Lufkin Industries Inc. (LUFK/$54.04/$45.11/$85.68/$1.82B) from Market Perform to Market Outperform by Howard Weil.• Schlumberger Ltd. (SLB/$70.10/$59.12/$80.78/$93.09B) from Market Outperform to Focus Stock by Howard Weil.New Coverage:• Halliburton (HAL/$32.40/$26.28/$40.43/$30.07B) at Outperform by Credit Suisse.• Schlumberger Ltd. (SLB/$70.10/$59.12/$80.78/$93.09B) at Neutral by Credit Suisse.Downgrades:• Diamond Offshore Drilling Inc. (DO/$70.02/$52.98/$73.50/$9.73B) from Outperform......
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