Nabors Industries Ltd. (NBR) Receives Price Target

Nabors Industries Ltd. (NBR) : The consensus price target for Nabors Industries Ltd. (NBR) is $12.81 for the short term with a standard deviation of $2.64. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $8.

Nabors Industries Ltd. (NBR) : Zacks Investment Research ranks Nabors Industries Ltd. (NBR) as 2, which is a Buy recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.65, which indicates as a Buy.


Also, Jefferies maintains their rating on the shares of Nabors Industries Ltd. (NYSE:NBR). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $10 per share from $9 per share. The rating by the firm was issued on August 8, 2016.

Nabors Industries Ltd. (NYSE:NBR): The stock opened at $9.84 on Thursday but the bulls could not build on the opening and the stock topped out at $9.95 for the day. The stock traded down to $9.69 during the day, due to lack of any buying support eventually closed down at $9.90 with a loss of -0.40% for the day. The stock had closed at $9.94 on the previous day. The total traded volume was 5,844,375 shares.

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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