Nabors Industries(NBR) Message Board

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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.49

-0.3%

3:59 PM EST

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To: Jim Lou who wrote ()	2/27/1998 6:38:00 PM
From: Don Westermeyer	Read Replies (1) of 174

FWIW - NBR just got a big plug in SmartMoney Interactive. smartmoney.com In part: The standout from this week's crop was another energy company, Nabors Industries (NBR), the world's largest land driller for oil and gas. The beaten down energy services sector has been on a tear this week, partially because of a merger activity and partially because it has just been so beaten down. After peaking last October at around 46, Nabors's stock price has since been cut in half. Analysts, meanwhile, trimmed their EPS estimates for this year. But at the same time, they upgraded their recommendations. Nabors is one of only about 27% of companies in which 100% of the analysts give it a Buy or Strong Buy rating. And now, it is undeniably cheap. "Nabors's recent sharp price correction provides an excellent buying opportunity based on its earnings growth prospects," Robert W. Baird analyst George Gasper wrote in his January report on the company. Baird predicts the company will earn $1.76 a share this year, still a 42% increase over last year. Not bad for a company trading at 13.3 times earnings.

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