Oil & Gas New Highs: Nabors Industries (NYSE:NBR), BPZ Resources Inc. (NYSE:BPZ), Pioneer Energy Services (NYSE:PES), Unit Corporation (NYSE:UNT)

Nabors Industries (NYSE:NBR) was upgraded by investment analysts at Credit Suisse from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $22.00 target price on the stock, up from their previous target price of $12.00. Nabors Industries Ltd. (NYSE:NBR) shares after opening at $23.41 moved to $23.83 on last trade day and at the end of the day closed at $23.51. Company price to sales ratio in past twelve months was calculated as 1.11 and price to cash ratio as 13.69. Nabors Industries Ltd. (NYSE:NBR) showed a positive weekly performance of 7.79%.

BPZ Resources Inc. (NYSE:BPZ) got the permission to explore drill at Block Z-1. This will facilitates company’s development and future exploration. BPZ Resources Inc. (NYSE:BPZ) shares fell -2.59% in last trading session and ended the day on $3.01. BPZ return on equity ratio is recorded as -37.60% and its return on assets is -12.80%. BPZ Resources Inc. (NYSE:BPZ) yearly performance is 28.63%.

Pioneer Energy Services (NYSE:PES) announced that the Company will be participating in the Howard Weil 2014 Energy Conference to be held from March 23-27, 2014 in New Orleans. Pioneer Energy Services Corp (NYSE:PES) shares moved up 2.65% in last trading session and was closed at $12.79, while trading in range of $12.39 – $12.87. Pioneer Energy Services Corp (NYSE:PES) year to date (YTD) performance is 59.68%.

Unit Corporation (NYSE:UNT) announced that it will present at the Howard Weil 42nd Annual Energy Conference, which will be held March 23 – 27, 2014 in New Orleans. Unit’s presentation will be Tuesday, March 25th at 8:00 a.m. Central Time. Unit Corporation (NYSE:UNT) weekly performance is 2.54%. On last trading day company shares ended up $62.98. Unit Corporation (NYSE:UNT) distance from 50-day simple moving average (SMA50) is 15.17%. Analysts mean target price for the company is $62.17.

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