As previously reported, Edward Jones analyst Jennifer Rowland downgraded Pioneer Natural (PXD), EOG Resources (EOG) and Baker Hughes (BKR), all to Hold from Buy, after she lowered her long-term price forecasts for both oil and natural gas. Given the "increasingly challenged" commodity price environment, she sees a difficult environment for energy equipment & services companies and for exploration and production companies, Rowland tells investors.

Baker Hughes reports that the U.S. rig count is down 6 from last week to 613 with oil rigs down 5 to 506, gas rigs down 1 to 105 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 142 rigs from last year's count of 755 with oil rigs down 85, gas rigs down 56 and miscellaneous down 1. The U.S. Offshore Rig Count is down 3 to 17, down 3 year-over-year. The Canada Rig Count is down 9 from last week to 118, with oil rigs down 4 to 56, and gas rigs down 5 to 62. The Canada Rig Count is up 25 from last year's count of 93, with oil rigs up 20, and gas rigs up 5.