September 8, 2015 / 3:27 PM / 2 years ago

BUZZ-Mid-cap oil and gas companies: Brokerages downgrade, cut PT

1 Min Read

** U.S.-listed shares of mid- and small-cap oil and gas producers, service providers and drillers down 3-8 pct

** At least six brokerages, including Barclays, Credit Suisse, Deutsche Bank, cut PTs and/or ratings, citing further increase in production in an over supplied market

** "Additional Iranian production and expectations for increasingly defensive OPEC could provide further price caps through 2016," Barclays analysts write in a note

** Oil prices have fallen almost 60 pct since June 2014 on a global oversupply

** Shares of Comstock Resources Inc fall 8.4 pct; Bill Barrett Corp 7.9 pct; Bonanza Creek Energy Inc 7.7 pct; Denbury Resources 6.2 pct

** Shares of Jones Energy Inc fall 5 pct; Callon Petroleum Co 3.9 pct; Oasis Petroleum Inc 3.5 pct, Eclipse Resources Corp 3.4 pct

** W&T Offshore Inc fall 3 pct; Baytex Energy Corp 3 pct, Whiting Petroleum Corp 3 pct

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