UPDATE: Global Hunter Securities Downgrades Heckmann Corporation to Neutral Post Q2

Global Hunter Securities reduced its rating on Heckmann Corporation

from Buy to Neutral following disappointment in the latest earnings report. Global Hunter Securities commented, "Following disappointing results in sequential quarters and the decision to remove guidance, we are downgrading our rating on HEK to Neutral from Buy. After an extremely difficult Q1, investors had been hopeful that Q2 results would remind them why they remained steadfast through the dilution, incremental leverage, somewhat confusing acquisition and the subsequently painful decline in share price; unfortunately the company did not deliver on expectations and the tone of the Q&A session of the Q2 conference call clearly reflected shareholders' frustrations." Heckmann Corporation closed at $3.38 on Monday.