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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Hold NBR
down 59.97 %

Nabors Industries, Inc. (NBR) downgraded to Hold with price target $16 by Deutsche Securities

Posted on: Wednesday,  Apr 22, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Hold Nabors Industries, Inc. (NYSE: NBR) on 04/22/2009. Previously Deutsche Securities rated Buy Nabors Industries, Inc. (NYSE: NBR) on
04/23/2008., when the stock price was $38.35. Since then, Nabors Industries, Inc. has lost 59.97% as of 04/22/2009's recent price of $15.35.
If you would have followed the previous Deutsche Securities's recommendation on NBR, you would have lost 59.97% of your investment in 364 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2009 8:25 AM Hold
None
15.35 16.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  28.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2008 12:25 PM Buy
None
38.35 50.00

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