Nabors Industries Ltd. (NYSE:NBR – Get Rating)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $134.50, but opened at $130.06. Nabors Industries shares last traded at $130.11, with a volume of 432 shares traded.
Analyst Ratings Changes
Several equities analysts have recently issued reports on NBR shares. Susquehanna decreased their target price on Nabors Industries from $170.00 to $21.00 in a research report on Wednesday, June 8th. Morgan Stanley decreased their target price on Nabors Industries from $150.00 to $125.00 and set an “underweight” rating for the company in a research report on Wednesday, July 13th. Finally, Susquehanna Bancshares decreased their target price on Nabors Industries from $170.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Nabors Industries presently has an average rating of “Hold” and a consensus price target of $92.40.
Nabors Industries Price Performance
The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 4.33. The firm has a market cap of $1.31 billion, a P/E ratio of -2.00 and a beta of 2.68. The company has a fifty day moving average price of $126.41 and a two-hundred day moving average price of $143.60.
Institutional Investors Weigh In On Nabors Industries
About Nabors Industries
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada 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.
- Get a free copy of the StockNews.com research report on Nabors Industries (NBR)
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