Boston, MA 02/19/2014 (wallstreetpr) – Nabors Industries Ltd. (NYSE:NBR) reported fall in the expected earnings in the fourth quarter. However, it did beat the analyst estimates for the quarter. The slightest dip was the fourth quarter operating earnings. Nabors Industries is engaged in the servicing of well as well as the pressure pump operations in the US. The results for this quarter in comparison to previous year reported a drop of 21%. The operating earnings were adjusted against the drilling as well as the rig segment, in which the business noted an increase of over 11%. On the international platform, Nabors Industries Ltd. (NYSE:NBR) was found not to have an increase in the number of rigs in the fourth quarter. But the margins were an increase as the costs of moving rigs was seen to drop.
Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), the Brazil based power and utility major saw a sharp fall on the stock market, following a recent analyst report, reported a leading daily. According to analyst SLW Corretora which is a brokerage operating in Sao Paulo, the current power scenario in Brazil did not show a very positive picture of the coming months. Apparently, the water levels in the hydel stations which feed much of the energy sector in Brazil are believed to have dropped. Besides, the higher costs of production of electricity too are an added concern which has led to Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) decline by over 6.9%.
Metlife Inc (NYSE:MET), the poster-boy of US Insurance sector has reported stock dividends for the first quarter, subject to confirmation. The dividend is currently $0.0250000 per share. In the recent past the company has received a downgrade by most analysts. UBS was eh first to downgrade, moving it from BUY to neutral. Before that it was Deutsche Bank which rated Metlife Inc (NYSE:MET) as Hold. Thus far the company has an average analyst pricing in the region of $60.29. This is much higher than the current prices by roughly 19.67%.
