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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Overweight
NBR
down 63.14 %

Nabors Industries, Inc. (NBR) rated Overweight with price target $51 by Lehman Brothers

Posted on: Tuesday,  May 20, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Nabors Industries, Inc. (NYSE: NBR) on 05/20/2008. Previously Lehman Brothers rated Buy Nabors Industries, Inc. (NYSE: NBR) on
10/08/2007., when the stock price was $29.22. Since then, Nabors Industries, Inc. has lost 63.14% as of 11/02/2015's recent price of $10.77.
If you would have followed the previous Lehman Brothers's recommendation on NBR, you would have lost 63.14% of your investment in 2947 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2008 8:25 AM Buy
None
41.88 51.00
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 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/7/2008 9:25 AM Buy
None
29.05 38.00
10/25/2007 9:25 AM Buy
None
28.61 35.00
10/8/2007 10:28 AM Buy
None
29.22 37.00

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