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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:06 EDTNBR, PACDNabors Industries to appoint William Restrepo as CFO
Nabors Industries (NBR) announced plans to appoint William Restrepo as CFO following his upcoming departure from Pacific Drilling S.A. (PACD). Restrepo's employment is expected to begin on February 28.
News For NBR;PACD From The Last 14 Days
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February 12, 2016
17:03 EDTPACDPacific Drilling receives NYSE continued listing standards notice
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February 10, 2016
07:00 EDTNBRNabors Industries offers best value among Land Drillers, says Citi
After assessing a range of net asset values for Land Drillers based on a various recovery scenarios, Citi analyst Scott Gruber says Nabors Industries (NBR) offers the best value within the group. The stock presents upside of 200% in his bull case and 65% downside in his bear case. Gruber calls Halliburton (HAL) his top pick, however, saying frac "offers superior recovery potential" to land rigs. The analyst has Buy ratings on both names along with Patterson-UTI (PTEN). He has a Neutral rating on Helmerich & Payne (HP).
February 2, 2016
07:18 EDTNBRJefferies sees relative value in Nabors Industries
Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.

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