Get Stock Quote Here Nabors Industries Ltd. (NBR), founded in 1968 as Anglo Energy, Ltd. (former AMEX symbol: AEL), and currently based in Hamilton, Bermuda, is anS&P 500 oil, natural gas and geothermal drilling contractor operating on land throughout the Americas, the Middle East, the Far East, and Africa. It also performs onshore well-servicing in North America, and provides rigs for offshore oil platform workover, and also for offshore drilling rigservicing. The company provides many support services for both offshore and onshore oil drilling and for well-servicing operations. The company has a charter fleet of 29 marine vessels for offshore operations. It also makes top drilling drives, directional drilling systems, equipment for rig instrumentation and for data collection, equipment for drill pipe handling, and software for rig reporting. As of 2006, the company owned 610 land workover and well-servicing rigs in the United States, and 190 rigs in Canada, as well as 48 oil platform rigs, 19 jackup barge rigs, and 5 barge rigs. Its former Chief Executive Officer, Eugene M. Isenberg, graduated in 1950 from the University of Massachusetts Amherst, and the school's Isenberg School of Management is named in his honor.
Analyst Upgrade/Downgrade Update Brokerage firm: Scotia Howard Weil Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Sector outperform Previous Price Target: $15 Current Price Target: $17
