By Steve Gelsi
NEW YORK (MarketWatch) -- Goldman Sachs on Thursday said it's resuming coverage of oil service stocks with an attractive rating. Analysts placed Halliburton HAL -6.10% and Helmerich & Payne HP -0.28% on their Americas Conviction Buy list. Baker Hughes BHI -3.94% , Patterson-UTI Energy PTEN -1.64% , Transocean Ltd. RIG -0.20% and Weatherford International WFT -3.40% were rated as buys. Diamond Offshore Drilling DO -1.42% drew a sell rating. "U.S. land rig demand has just entered the second phase of a multi-year pick up," Goldman analysts said. Analysts noted Halliburton is down 35% from its recent peak and is "priced near its historical cyclical-low multiples."
