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Fly News Breaks for September 26, 2019
HP, PTEN, NBR
Sep 26, 2019 | 07:20 EDT
Barclays analyst J. David Anderson started Nabors Industries (NBR) with an Overweight rating and $3.50 price target. While overshadowed by credit issues, Nabors has made "impressive" operational strides and closed the earnings gap with Patterson-UTI (PTEN) and Helmerich & Payne (HP), says the analyst. Further, the analyst sees reduced credit risk with $231M in free cash flow projected in 2020.
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