Shares of Nabors Industries Ltd. (NYSE:NBR – Get Free Report) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $129.60.
A number of research firms recently weighed in on NBR. Susquehanna restated a “neutral” rating and set a $88.00 price target on shares of Nabors Industries in a research report on Monday, April 8th. Benchmark lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Morgan Stanley lowered their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th.
Check Out Our Latest Report on Nabors Industries
Hedge Funds Weigh In On Nabors Industries
Nabors Industries Stock Down 0.5 %
Shares of NYSE NBR opened at $80.25 on Thursday. The company’s 50-day simple moving average is $83.43 and its 200-day simple moving average is $87.61. Nabors Industries has a 52-week low of $71.42 and a 52-week high of $141.47. The firm has a market cap of $759.92 million, a price-to-earnings ratio of -15.55 and a beta of 2.33. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 4.63.
Nabors Industries (NYSE:NBR – Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.54) by ($2.30). The business had revenue of $737.84 million for the quarter, compared to analyst estimates of $749.52 million. Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. Equities analysts predict that Nabors Industries will post -5.56 EPS for the current fiscal year.
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 four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.
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