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Fly News Breaks for April 20, 2015
PTEN, NBR, HP
Apr 20, 2015 | 07:48 EDT
RBC Capital recommends taking an aggressive stance on U.S. land drillers to position for a cycle recovery. The firm predicts that oil prices will bottom in 1H15 and rise through 2H15 and into 2016. The firm raised its price target on Helmerich & Payne (HP) to $88 from $80, on Nabors (NBR) to $19 from $16, and on Patterson-UTI Energy (PTEN) to $26 from $22. It keeps Outperform ratings on all the stocks named.
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