Nabors Industries Ltd. (NBR) Receives ‘Analyst’ Rating

Nabors Industries Ltd. (NBR) : 17 analysts are covering Nabors Industries Ltd. (NBR) and their average rating on the stock is 1.65, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Nabors Industries Ltd. (NBR) : Average target price received by Nabors Industries Ltd. (NBR) is $12.81 with an expected standard deviation of $2.64. The most aggressive target on the stock is $19, whereas the most downbeat target is $8. 13 financial analysts are currently covering the stock.


Also, Jefferies maintains its view on Nabors Industries Ltd. (NYSE:NBR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $9 per share to $10 per share on Nabors Industries Ltd.. The rating by the firm was issued on August 8, 2016.

Nabors Industries Ltd. (NYSE:NBR): After opening at $9.35, the stock dipped to an intraday low of $9.2401 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.78 and the buying power remained strong till the end. The stock closed at $9.58 for the day, a gain of 3.68% for the day session. The total traded volume was 9,622,357. The stocks close on the previous trading day was $9.24.

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company provides of offshore platform work over and drilling rigs. Its business is conducted through two business lines: Drilling & Rig Services and Completion & Production Services. It provides drilling technology and equipment and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. It manufactures and leases or sells top drives and other rig equipment. Its Drilling & Rig Services business line consists of four operating segments: U.S., Canada, International and Rig Services. Its Completion & Production Services business line consists of its operations involved in the completion, life-of-well maintenance and plugging and abandonment of a well and consists of two operating segments: Completion Services and Production Services.

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