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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:27 EDTPES, NBR, PDS, PKDNabors Industries hits 52-week high after results top expectations
Shares of land drilling contractor Nabors Industries (NBR) are advancing after the company reported fourth quarter results that easily surpassed expectations. Notably, the company also struck an optimistic tone about its near-term outlook. WHAT'S NEW: Last night, Nabors Industries reported Q4 earnings per share of 42c and revenue of $1.61B, easily topping expectations of 20c and $1.55B, respectively. The company noted that its EPS results benefited by about 16c from tax benefits, the full recovery of receivables in a customer bankruptcy settlement, and early termination payments. Nabors said it believes 2013 will represent the low point in its "protracted five-year trough" and that beginning in its second quarter the company foresees "substantial year-over-year quarterly improvement, which should accelerate in the second half." ANALYST REACTION: This morning, research firm CLSA upgraded Nabors Industries to Outperform from Underperform. PRICE ACTION: In late morning trading, Nabors Industries rose $2.00, or 10.6%, to $20.64 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $20.74. Including today's move, the stock has gained about 14% over the past twelve months. OTHERS TO WATCH: Other drilling contractors include Parker Drilling (PKD), Precision Drilling (PDS) and Pioneer Energy Services (PES), which are all trading higher this morning.
News For NBR;PKD;PDS;PES From The Last 14 Days
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March 26, 2015
09:57 EDTNBRNabors Industries reinstated with a Neutral at Goldman
Target $15.50.
March 24, 2015
16:10 EDTNBRC&J Energy, Nabors Industries complete combination transaction
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08:03 EDTNBRAppleseed Fund requests Nabors Industries publish sustainability report
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March 23, 2015
17:19 EDTPESPioneer Energy sees Q1 service revenue to be down 28%-33%
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March 20, 2015
16:09 EDTNBRC&J Energy shareholders approve pending merger with Nabors Industries
C&J Energy Services (CJES) announced that at a special stockholder meeting, C&J stockholders approved, among other matters, the proposed merger contemplated by the Agreement and Plan of Merger, dated as of June 25, 2014, by and among C&J, Nabors Industries (NBR), Nabors Red Lion Limited, Nabors CJ Merger Co. and CJ Holding Co. If the merger of C&J with Nabors' completion and production services business is completed, Nabors CJ Merger Co., a direct wholly-owned subsidiary of Red Lion, will merge with and into C&J, with C&J surviving as a wholly-owned subsidiary of Red Lion. In connection with the closing of the Merger, Red Lion will change its name to "C&J Energy Services Ltd." and will be listed on the New York Stock Exchange under the ticker "CJES".
08:55 EDTNBRC&J Energy to host special shareholder meeting
Special Shareholder Meeting to consider and vote on the proposed merger with Nabors Industries will be held in Houston, Texas on March 20 at 10 am.
07:19 EDTNBRWhite House expected to unveil fracking rules today, WSJ says
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March 13, 2015
17:35 EDTNBRNabors Industries to replace SL Green Realty in S&P 400 as of 3/20 close
17:26 EDTNBRSL Green Realty to replace Nabors Industries in S&P 500 as of 3/20 close
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07:16 EDTPDSFirstEnergy to hold a conference
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March 12, 2015
07:11 EDTPDSFirstEnergy to hold a conference
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