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Nabors Industries, Inc. (NBR) [hlAlert]

Sector Perform

Nabors Industries, Inc. (NBR) rated Sector Perform with price target $26 by RBC Capital Mkts

Posted on: Thursday,  Feb 23, 2012  11:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Nabors Industries, Inc. (NYSE: NBR) on 02/23/2012. Previously RBC Capital Mkts rated Underperform Nabors Industries, Inc. (NYSE:
NBR) on 03/10/2009., when the stock price was $9.12. Since then, Nabors Industries, Inc. has gained 155.48% as of 10/21/2009's recent price of $23.30.
If you would have followed the previous RBC Capital Mkts's recommendation on NBR, you would have lost 60.85% of your investment in 225 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/23/2012 11:25 AM Hold
22.15 26.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/21/2011 8:25 AM Hold
23.67 28.00
4/27/2011 9:25 AM Hold
32.11 35.00
2/16/2011 1:33 PM Hold
26.83 30.00
10/28/2010 9:25 AM Hold
20.68 24.00
7/28/2010 11:25 AM Hold
18.26 25.00
10/21/2009 11:25 AM Hold
23.30 25.00
3/10/2009 8:25 AM Sell
9/16/2008 8:25 AM Hold
3/27/2008 8:25 AM Buy
7/11/2007 9:25 AM Hold

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