Shares of Nabors Industries Ltd. (NYSE:NBR) have been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.89.
Several research analysts have recently commented on NBR shares. Cowen set a $9.00 price target on Nabors Industries and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered Nabors Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Royal Bank of Canada set a $8.00 price target on Nabors Industries and gave the stock a “buy” rating in a research report on Thursday, December 21st. ValuEngine lowered Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Finally, Jefferies Group raised Nabors Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.19 to $9.00 in a research report on Wednesday, November 8th.
Nabors Industries (NYSE NBR) opened at $6.92 on Tuesday. The company has a market capitalization of $2,200.00, a price-to-earnings ratio of -2.58 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.27. Nabors Industries has a 1 year low of $5.32 and a 1 year high of $15.25.
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About Nabors Industries
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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