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Nabors Industries, Inc. (NBR) [hlAlert]

Rating:
Buy NBR
down 45.85 %

Nabors Industries, Inc. (NBR) upgraded to Buy with price target $30 by Dahlman Rose

Posted on: Monday,  Oct 31, 2011  8:25 AM ET by Dahlman Rose

Dahlman Rose rated Buy Nabors Industries, Inc. (NYSE: NBR) on 10/31/2011, when the stock price was $19.89. Since
then, Nabors Industries, Inc. has lost 45.85% as of 11/02/2015's recent price of $10.77.
If you would have followed this Dahlman Rose's recommendation on NBR, you would have lost 45.85% of your investment in 1463 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.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2011 8:25 AM Buy
None
19.89 30.00
as of 12/30/2011
1 Week down  -4.93 %
1 Month down  -3.34 %
3 Months down  -12.82 %
1 YTD down  -12.82 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/8/2011 8:25 AM Hold
None
27.63
4/7/2010 9:25 AM Hold
None
20.61 29.00

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