Shares of Nabors Industries Ltd. (NYSE:NBR – Get Free Report) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $137.00.
NBR has been the topic of a number of recent analyst reports. Benchmark downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Morgan Stanley lowered their target price on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank of Canada decreased their price target on shares of Nabors Industries from $140.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Friday, October 27th. Atb Cap Markets downgraded shares of Nabors Industries from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Finally, StockNews.com cut shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
Hedge Funds Weigh In On Nabors Industries
Nabors Industries Stock Performance
NYSE NBR opened at $79.01 on Friday. The firm has a market cap of $748.22 million, a price-to-earnings ratio of -15.31 and a beta of 2.38. The company has a fifty day moving average price of $81.07 and a 200-day moving average price of $100.38. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.54. Nabors Industries has a 1 year low of $71.42 and a 1 year high of $178.34.
Nabors Industries Company Profile
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software.
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