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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:22 EDTNBRNabors Industries upgraded to Conviction Buy from Neutral at Goldman
Goldman upgraded Nabors to reflect upcoming catalysts from North American rig activity, a potential restructuring of its businesses, a margin inflection, and a potential pickup in international rig activity. Price target raised to $23 from $17.
News For NBR From The Last 14 Days
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August 4, 2015
16:42 EDTNBRNabors Industries reports Q2 EPS 9c, consensus (9c)
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July 27, 2015
06:20 EDTNBRU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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