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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Buy NBR
down 58.52 %

Nabors Industries, Inc. (NBR) rated Buy by Citigroup

Posted on: Thursday,  Jan 21, 2010  9:25 AM ET by Citigroup

Citigroup rated Buy Nabors Industries, Inc. (NYSE: NBR) on 01/21/2010, when the stock price was $25.97. Since
then, Nabors Industries, Inc. has lost 58.53% as of 11/02/2015's recent price of $10.77.
If you would have followed this Citigroup's recommendation on NBR, you would have lost 58.52% of your investment in 2111 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2010 9:25 AM Buy
None
25.97
as of 12/31/2010
1 Week down  -1.57 %
1 Month up  1.58 %
3 Months up  24.25 %
1 YTD down  -13.59 %

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