The Bermuda-based energy company Nabors Industries Ltd. (NYSE:NBR) was trading nearly 14 percent higher midway through Wednesday’s session, and on nearly three times average volume, an indication that investors were, to no small extent, impressed with the contents of its earnings statement for the recently-ended fourth quarter, released the previous afternoon. Though Nabors is listed as an energy drilling and exploration outfit, but company might be more accurately described as an international services contractor for the upstream oil and gas industry, both on and offshore. Nabors Industries Ltd. (NYSE:NBR) stock opened at $19.23 in last trading session, and closed at $21.15, trading in the range of $19.11 – $21.27. The stock showed a positive weekly performance of 15.57%.
Kinder Morgan Energy Partners (NYSE:KMP) was upgraded by research analysts at Jefferson Research from a “sell” rating to a “hold” rating in a report released on Friday, ARN reports. Kinder Morgan Energy Partners LP (NYSE:KMP) shares closed at $78.32 on last trade day, by losing -2.00%. Stock 52 week range is $77.13 – $92.99. Company’s market capitalization is $34.29 billion.
SM Energy Co. (NYSE:SM) was upgraded by equities researchers at EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research report issued on Wednesday, AR Network reports. SM Energy Co. (NYSE:SM) stock decreased -17.06% and finished the last session at $74.30. The EPS of the stock remained 1.40. Company’s market capitalization is $4.98 billion.
Yongye International, Inc (NASDAQ:YONG) postponed the shareholder vote for its $340 million buyout by management and MSPEA Agriculture Holding Ltd. to provide more time to gain enough support for the deal. Yongye International, Inc (NASDAQ:YONG) stock opened at $6.64 in last trading session and closed at $6.57. The 52 week range of the stock is $4.83 – $6.68 and the day range was $6.49 – $6.64.