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Nabors Industries Ltd. (NBR) PRESIDENT AND COO Anthony G Petrello sells 208,000 Shares

November 10, 2009 | About:

PRESIDENT AND COO of Nabors Industries Ltd. (NYSE:NBR) Anthony G Petrello sells 208,000 shares of NBR on 11/09/2009 at an average price of $22.8 a share.

Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business, it offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets. Nabors Industries Ltd. has a market cap of $6.5 billion; its shares were traded at around $22.88 with a P/E ratio of 11.7 and P/S ratio of 1.2. Nabors Industries Ltd. had an annual average earning growth of 26.2% over the past 10 years. GuruFocus rated Nabors Industries Ltd. the business predictability rank of 4.5-star.

NBR is in the portfolios of Third Avenue Management, Martin Whitman of Third Avenue Value Fund, Kenneth Fisher of Fisher Asset Management, LLC, Chris Davis of Davis Selected Advisers.

Insiders' Positions with NBR

  • Sell:: Director Myron M Sheinfeld sold 5,000 shares of NBR stock on 08/03/2009 at the average price of 18, the price of the stock has increased by 27.11% since

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