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NBR

Nabors Industries

$3.01

-0.025 (-0.82%)

16:25
01/13/20
01/13
16:25
01/13/20
16:25

Nabors Industries initiated with an Underperform at Bernstein

Bernstein initiated coverage of Nabors Industries with an Underperform rating and $1.50 price target.

NBR Nabors Industries
$3.01

-0.025 (-0.82%)

09/25/19
RBCM
09/25/19
DOWNGRADE
Target $3.5
RBCM
Sector Perform
Nabors Industries downgraded to Sector Perform from Outperform at RBC Capital
As previously reported, RBC Capital analyst Kurt Hallead downgraded Nabors Industries to Sector Perform from Outperform and lowered his price target for the shares to $3.50 from $9. The analyst attributes the downgrade to his expected 9% decline in U.S. land rig forecast in 2020, adding that the company's reduced free cash flow generation and higher relative debt load could also trip the debt-to-capital covenant on its revolver.
09/26/19
LEHM
09/26/19
INITIATION
Target $3.5
LEHM
Overweight
Nabors Industries initiated with an Overweight at Barclays
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.
12/03/19
FBCO
12/03/19
DOWNGRADE
Target $2
FBCO
Neutral
Nabors Industries downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Jacob Lundberg downgraded Nabors Industries to Neutral from Outperform with a price target of $2.00, down from $3.25. The analyst's liquidity analysis suggests "significant risk" in the ~2023 timeframe for the company. He believes liquidity concerns could pressure the stock in the interim period. In his base case, Lundberg sees a max shortfall of $1B in 2023, dealt with through revolver renegotiation and one-plus new debt issue. He believes this should be manageable, but his bear case has a max shortfall of $1.5B in 2023.
12/31/19
PIPR
12/31/19
NO CHANGE
PIPR
Piper says land driller valuations 'less compelling' after recent rally
Piper Jaffray Simmons Energy analyst John Watson noted that land drillers' stocks were up 30% on average in Q4, which he sees making the valuations for the group "less compelling." While continued investment in technology will be a clear positive for those with best-in-class rigs - including Helmerich & Payne (HP), Nabors Industries (NBR), Patterson-UTI (PTEN) and Precision Drilling (PDS) - Watson thinks the "inconvenient truth for the land drillers" is that E&P capital discipline will preclude the group from earning its cost of capital in the near-term. Still, he maintains Overweight ratings on Helmerich & Payne, Patterson-UTI and Precision Drilling and has a Neutral rating on Nabors Industries.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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CE

Celanese

$117.54

-0.53 (-0.45%)

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BYND

Beyond Meat

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-1.16 (-1.05%)

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DBD

Diebold

$11.09

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

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$111.28

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SHY

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$84.73

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

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GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

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UBSFY

Ubisoft

$0.00

(0.00%)

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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MYO

Myomo

$0.32

0.0062 (1.98%)

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Conference/Events
Myomo to host special shareholder meeting »

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  • 21

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SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

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SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

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ECA

Encana

$4.09

-0.18 (-4.22%)

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Encana receives court approval for reorganization »

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  • 29

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MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

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16:30
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Options
Preliminary option volume of 28.7M today »

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NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

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CMCSA

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$47.48

0.62 (1.32%)

CMCSK

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$0.00

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PLAY

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$47.35

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KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

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JNJ

Johnson & Johnson

$149.07

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SWK

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TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

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MGPI

MGP Ingredients

$38.16

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FAST

Fastenal

$36.77

-0.55 (-1.47%)

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  • 29

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  • 29

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  • 31

    Jan

  • 26

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  • 27

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  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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16:15
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LGC

Legacy Acquisition Corp

$10.33

(0.00%)

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Legacy Acquisition Corp extends date to consummate proposed business combination »

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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