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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Hold NBR
down 3.45 %

Nabors Industries, Inc. (NBR) upgraded to Hold by Jefferies

Posted on: Thursday,  May 2, 2013  8:25 AM ET by Jefferies

Jefferies rated Hold Nabors Industries, Inc. (NYSE: NBR) on 05/02/2013. Previously Jefferies rated Underperform Nabors Industries, Inc. (NYSE: NBR) on 12/13/2012.,
when the stock price was $14.23. Since then, Nabors Industries, Inc. has gained 3.58% as of 05/02/2013's recent price of $14.74.
If you would have followed the previous Jefferies's recommendation on NBR, you would have lost 3.45% of your investment in 140 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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/2/2013 8:25 AM Hold
None
14.74
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -2.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2012 8:25 AM Sell
None
14.23

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