Sector Earnings: BAS (+1.2%), SLB (+0.9%), and PDS (+2.1%).
Sector News: TOPS (-21.7%) announced that it issued 11.11 mln shares to Sovereign Holdings in exchange for a cash infusion of $5 million in order to meet short term liquidity requirements.
Broker Calls: NFX (+1.7%) was downgraded to Neutral from Outperform at Macquarie. XEC (+2.7%) was downgraded to Market Perform from Outperform at BMO Capital. PQ (+0.9%) was downgraded to Hold at Stifel Nicolaus. RRC (+1.7%) was downgraded to Neutral from Add at Capital One. SM (+5.1%) was upgraded to Outperform from Neutral at Macquarie.






