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Enter Symbol:
 
Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Hold NBR

Nabors Industries, Inc. (NBR) rated Hold

Posted on: Tuesday,  Oct 23, 2007  9:25 AM ET by Banc of America Sec

Nabors Ind (NBR) rated Neutral
with price target $34 by Banc of America Sec.

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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2007 9:25 AM Hold
None
28.55 34.00
as of 12/24/2008
1 Week up  6.24 %
1 Month up  46.77 %
3 Months up  38.35 %
1 YTD down  -49.89 %

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