Notable Downgrades: Nabors Industries (NBR), FMC Technologies (FTI), Basic Energy Services (BAS)

Analysts at Raymond James downgraded Nabors Industries Ltd. (NBR) from ‘Strong Buy‘ to ‘Outperform‘ in a research report issued to clients on Monday.

The t-12-month revenue at Nabors Industries Ltd. is $6.80 billion. NBR ‘s ROE for the same period is (12.2%).

Shares of the $4.30 billion market cap company are down 38.26% year-over-year ; up 14.55% year-to-date.

Nabors Industries Ltd., currently with a median Wall Street price target of $15.75 and a high target of $20, rose $0.08 to $14.88 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

FMC Technologies, Inc. (FTI) was downgraded from ‘Outperform‘ to ‘Market Perform‘ at Raymond James.

Shares have traded today between $38.25 and $39.21 with the price of the stock fluctuating between $34.85 to $63.92 over the last 52 weeks.

FMC Technologies Inc. shares are currently changing hands at 13.00x this year’s forecasted earnings, compared to the industry’s 26.29x earnings multiple. Ticker has a t-12 price/sales ratio of 1.13. EPS for the same period registers at $2.95.

Shares of FTI have lost $0.53 to $38.34 in mid-day trading on Monday, giving it a market cap of roughly $9 billion. The stock traded as high as $63.92 in July 24, 2014.

Raymond James reported on Monday that they have lowered their rating for Basic Energy Services, Inc. (BAS). The firm has downgraded BAS from ‘Outperform‘ to ‘Market Perform‘.

Basic Energy Services Inc. recently traded at $7.71, a loss of $0.61 over Friday’s closing price. The name has a current market capitalization of $308.77 million.

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