Posts for Ticker ‘NBR’

Blackstone (BX) Chief Makes $702 Million

GeithnerThe thoughts of restricting the pay packages of the CEOs of public companies may be in the air, but new data on chief executive compensation show that boards of directors are not taking any of it seriously.

Stephen Schwarzman, head of financial firm Blackstone (BX), made over $702 million in 2008 based on data from The Corporate Library. Read More »

Posted on: August 13, 2009 – 5:54 pm in Compensation, Corporate Governance, Editor's Picks, , , , , , , , , ,

Goldman Sachs Mixes Calls in Oil and Utilities (RIG, PTEN, HAL, OIS, NBR, DO, FTI, WR, NRG, NVE)

Oil Well ImageGoldman Sachs has made several key upgrades and downgrades this morning in the utility sector and in the oil patch.  While the utility sector was raised to attractive, some of the other calls seem more mixed on the surface in the oil patch.

Transocean (NYSE: RIG) was one of the few real upgrades as shares were raised to Buy from Neutral.  Patterson-UTI (NASDAQ: PTEN) and Halliburton (NYSE: HAL) were cut to Neutral, while Oil States International (NYSE: OIS) was cut to Sell.  Nabors Industries (NYSE: NBR) was cut to Sell from Neutral.  Diamond Offshore (NYSE: DO) and FMC Technologies (NYSE: FTI) were both upgraded, but only to Neutral from Sell.

Westar Energy (NYSE: WR) and NRG Energy (NYSE: NRG) were both raised to Buy, while NV Energy (NYSE: NVE) was cut to Neutral.

Jon C. Ogg
June 25, 2009

Posted on: June 25, 2009 – 7:22 am in Analyst Calls, Oil & Gas, Utilities, , , , , , , , , ,

Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)

burning-money-pic15These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning:

  • Apogee (APOG) Cut to Sell at Piper Jaffray.
  • BJ Services (BJS) Cut to Sector Perform at RBC.
  • BJ’s Wholesale (BJ) Cut to Underperform at Credit Suisse.
  • Halliburton (HAL) Cut to Sector Perform at RBC.
  • Key Energy (KEG) Cut to Sector Perform at RBC.
  • Nabors (NBR) Cut to Sector Perform at RBC.
  • Omnicom (OMC) Cut to Sell at Deutsche Bank.
  • Patterson-UTI (PTEN) Cut to Underperform at RBC.
  • PG&E (PCG) Cut to Neutral at Credit Suisse.
  • Schlumberger (SLB) Cut to Sector Perform at RBC.
  • Wal-Mart (WMT) Cut to Hold from Buy at Citigroup.

JON C. OGG

Posted on: March 10, 2009 – 6:41 am in Analyst Calls, , , , , , , , , , ,

Oil Patch Offers No Great Earnings Assurances (NBR, NE, ESV, PDE)

Oil_well_logo_2Oilfield services company Nabors Industrial (NYSE:NBR) revised its guidance downward after the market closed yesterday and its share price is approaching a new 52-week low. And its bringing its competitors down with it. Noble Corporation (NYSE:NE) is off more than 7%, Ensco International (NYSE:ESV) is off more than 5%, and Pride International (NYSE:PDE) is off nearly 7% in early trading today. Both Pride and Noble have touched new 52-week lows.

Read More »

Posted on: October 2, 2008 – 10:14 am in Earnings, Earnings Warning, Oil & Gas, , , ,

America’s Most Overpaid CEOs (MER)(CBS)(AXP)(MS)(NBR)

Cammonopoly_wideweb__430x3250The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP’s compensation formula, which adds up salary, perks, bonuses, above-market interest on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year."

While these figures are for last year, a number of the companies on the list have had remarkably poor stock market returns over the last two years, making the pay packages unseemly.

Read More »

Posted on: August 22, 2008 – 6:31 am in Management Change, , , , ,

Cramer Takes His Gas To El Paso & Nabors (EP, NBR)

In light of EARTH DAY, Jim Cramer came on MAD MONEY on CNBC with a natural gas pick tonight.  His pick tonight is El Paso Corp. (NYSE: EP) which is the largest domestic natural gas pipeline with some 42,000 miles of pipeline.  At under $18.00 per share, Cramer noted that this is a catch-up play.  It was only up 3% this year and he thinks the stock should be worth $22.00.  He also likes its expansion as the cheapest natural gas play out there and with recent insider buying in the stock.

Shares of El Paso closed up marginally today at $17.78, and shares traded up almost 3% to $18.28 after the Cramer tout.  Its 52-week trading range is $14.80 to $18.56.

Cramer also came on and touted Nabors Industries Ltd. (NYSE: NBR) tonight as one of the largest land driller for natural gas.  In fact, he even brought on the CEO, Gene Isenberg for a brief interview.  They were talking about how oil was so high compared to natural gas for so long.  As far as a developing rig shortage, Isenberg says any of the idle rigs will be used in the U.S. or internationally.  The company also talked about its shales that are available in the U.S. and Canada.  As far as higher potential taxes, he said that producers will have to be realistic and they will have to drill if it is economical.  NBR closed at $37.90, right at the top of its prior $23.61 to $38.00 52-week trading range (but intraday high today was $38.61).

Jon C. Ogg
April 22, 2008

Jon Ogg is a producer of and editor for both the Special Situations newsletter and the "10 Stocks Under $10" weekly newsletter for 247WallSt.com; he can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 22, 2008 – 5:22 pm in Cramer, Oil & Gas, ,