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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Buy NBR
down 73.06 %

Nabors Industries, Inc. (NBR) rated Buy with price target $50 by Jefferies & Co

Posted on: Thursday,  Jul 24, 2008  9:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Nabors Industries, Inc. (NYSE: NBR) on 07/24/2008, when the stock price was $39.98.
Since then, Nabors Industries, Inc. has lost 73.06% as of 11/02/2015's recent price of $10.77.
If you would have followed this Jefferies & Co's recommendation on NBR, you would have lost 73.06% of your investment in 2657 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2008 9:25 AM Buy
None
39.98 50.00
as of 12/24/2008
1 Week up  6.24 %
1 Month up  46.77 %
3 Months up  38.35 %
1 YTD down  -59.57 %

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