To: Think4Yourself who wrote (45353 ) 5/24/1999 11:42:00 AM From: Maya Respond to of 95453
That must be an upgrade. Here is one from Salomon Smith Barney: RESEARCH ALERT - Salomon Smith Barney ups drillers NEW YORK, May 24 (Reuters) - Citing improving drilling industry fundamentals, Salomon Smith Barney analyst Mark Urness has upgraded his ratings on six stocks, the firm said Monday. Stating he anticipates ''a vigorous recovery in outfield activity in 2000,'' Urness said the primary ''beneficiaries of higher natural gas drilling activity will be Gulf of Mexico jackup drillers and land drilling companies.'' -- Offshore driller Pride International Inc. (NYSE:PDE - news) was upgraded to ''outperform, high risk'' from ''neutral, high risk'' with a price target of $11. In late morning trading, the stock was up 1/4 to 10-3/16. -- Land Driller Helmerich & Payne Inc. (NYSE:HP - news) was upgraded to ''outperform, medium risk'' from ''neutral, medium risk'' with a price target of $29. In late morning trading, the stock was up 9/16 to 24-1/2. -- Offshore driller Ensco International Inc. (NYSE:ESV - news) was upgraded to ''outperform, high risk'' from ''neutral, high risk'' with a price target of $21. In late morning trading, the stock was up 1/8 to 18-1/4. -- Offshore driller Marine Drilling Cos. Inc. (NYSE:MRL - news) was upgraded to ''outperform, speculative'' from ''neutral, high risk'' with a price target of $16. In late morning trading, the stock was up 1/4 to 13. -- Offshore driller Global Marine Inc. (NYSE:GLM - news) was upgraded to ''buy, medium risk'' from ''outperform, high risk'' with a price target of $19. In late morning trading, the stock was up 3/16 to 14-15/16. -- Land driller, Nabors Industries Inc. (AMEX:NBR - news) was upgraded to ''buy, medium risk'' from ''neutral, medium risk'' with a price target of $24. In late morning trading, the stock was up 1/16 to 19-3/4.biz.yahoo.com