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Nabors Industries, Inc. (NBR) [hlAlert]

Neutral NBR
up 5.58 %

Nabors Industries, Inc. (NBR) downgraded to Neutral with price target $16 by Global Hunter Securities

Posted on: Tuesday,  Sep 25, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Neutral Nabors Industries, Inc. (NYSE: NBR) on 09/25/2012. Previously Global Hunter Securities rated Accumulate Nabors Industries, Inc. (NYSE: NBR)
on 09/23/2011., when the stock price was $14.15. Since then, Nabors Industries, Inc. has gained 5.58% as of 09/25/2012's recent price of $14.94.
If you would have followed the previous Global Hunter Securities's recommendation on NBR, you would have gained 5.58% of your investment in 368 days.

Nabors Industries Limited (Nabors) is a global land drilling contractor, approximately 528 actively marketed land drilling rigs. The Company conducts oil, gas and geothermal land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. Nabors is engaged in the land well-servicing and contracting in the United States and Canada. The Company market approximately 592 land workover and well-servicing rigs in the United States, primarily in the southwestern and western United States, and actively market approximately 171 land workover and well-servicing rigs in Canada. Nabors is a provider of offshore platform workover and drilling rigs, and actively markets 37 platform rigs, 13 jack-up units and three barge rigs in the United States and multiple international markets. The Company has a 51% ownership interest in a joint venture in Saudi Arabia.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/25/2012 9:25 AM Hold
14.94 16.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -13.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/23/2011 9:25 AM Buy
14.15 22.00
6/27/2011 11:25 AM Buy
22.51 36.00
4/14/2011 8:25 AM Buy

(*) Stock Price at the time of the recommendation.
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