Jefferies Downgrades Union Drilling (UDRL) to Hold
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Price: $6.55 --0%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
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Jefferies downgraded Union Drilling (NASDAQ: UDRL) from Buy to Hold with a price target of $7.50 (down from $9.00).
The firm comments, "We are downgrading the NAM land drillers (NBR, PTEN, PDC, and UDRL) to reflect more cautious NAM land rig and pressure pumping expectations and a less favorable risk/reward profile to other names in our OFS universe."
For an analyst ratings summary and ratings history on Union Drilling click here. For more ratings news on Union Drilling click here.
Shares of Union Drilling closed at $6.64 yesterday.
The firm comments, "We are downgrading the NAM land drillers (NBR, PTEN, PDC, and UDRL) to reflect more cautious NAM land rig and pressure pumping expectations and a less favorable risk/reward profile to other names in our OFS universe."
For an analyst ratings summary and ratings history on Union Drilling click here. For more ratings news on Union Drilling click here.
Shares of Union Drilling closed at $6.64 yesterday.
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