Tuesday, June 19, 2012 12:10:11 PM
http://www.streetinsider.com/Analyst+Comments/Canaccord+Genuity+Morning+Coffee+on+Nabors+Industries+%28NYSE%3A+NBR%29%3A+Barrons+Helps+Play+A+Little+Defense/7527055.html
Oil and gas drilling company Nabors Industries is poised to see its shares rise, according to a report in Barron's. While its stock is down more than 50% from its 52-week high, hurt by a drop in natural gas prices, the world's largest onshore driller deserves a second look, the report said. The company, which raised investors' ire with its generous perks and packages for its former CEO, is back on track with a new chief executive. Shareholders look to be getting a stronger say in corporate governance, and there are lots of reasons to be optimistic, stated Barron’s. The company’s domestic drilling business in the lower 48 states has performed well despite industry challenges. Nabors' Alaska and offshore operations have rebounded, and its overseas operations appear to be recovering. Progress has been made in shedding its noncore businesses, and those asset sales will help reduce a hefty $4.8 billion in debt. That said, Nabors stock should snap back if natural gas prices increase, which is bound to happen eventually.
Is the glass half empty, half full, or twice as large as it needs to be?
Recent NBR News
- Nabors Announces First Quarter 2024 Results • PR Newswire (US) • 04/24/2024 08:15:00 PM
- Nabors Industries Ltd. 1st Quarter 2024 Earnings Conference Call Invitation • PR Newswire (US) • 04/03/2024 08:15:00 PM
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 03/07/2024 10:05:05 PM
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- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 11:42:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/12/2024 08:18:23 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/09/2024 09:57:05 PM
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- Nabors Announces Fourth Quarter 2023 Results • PR Newswire (US) • 02/06/2024 09:15:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 11:57:31 PM
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- Nabors Industries Ltd. Fourth Quarter 2023 Earnings Conference Call Invitation • PR Newswire (US) • 01/03/2024 09:05:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:08:48 PM
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