Jefferies Issues A Handful Of Downgrades On Gas And Energy Stocks

Jefferies turned bearish and downgraded some gas and energy stocks amid drop in NGL supplies, lower product pricing and cancellation of contracted export cargoes.

Following are the rating changes of the brokerage:

• Southwest Gas Corporation SWX to Underperform
• Williams Partners LP WPZ to Hold
• ONE Gas Inc OGS to Underperform
• AmeriGas Partners, L.P. APU to Hold
• NiSource Inc. NI to Underperform

At the time of writing, shares/units of:

• Southwest Gas slipped 1.22 percent to $77.87
• Williams Partners dropped 2.12 percent to $36.52
• ONE Gas fell 1.41 percent to $65.17
• AmeriGas Partners gained 0.18 percent to $48.84
• NiSource fell 1.09 percent to $25.98

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