Brokerage Firm Rating Update on Nabors Industries Ltd. (NBR)

Nabors Industries Ltd. (NBR) : The consensus on Nabors Industries Ltd. (NBR) based on 17 analyst recommendation on the company stock is 1.65, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Nabors Industries Ltd. (NBR).

Nabors Industries Ltd. (NBR) : The highest level Nabors Industries Ltd. (NBR) is projected to reach is $19 for the short term and the lowest estimate is at $8. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $12.81 and the possibility the share price can swing is $2.64.


For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains its rating on Nabors Industries Ltd. (NYSE:NBR). The global brokerage major raises the current price target from $9 per share to $10 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on August 8, 2016.

Nabors Industries Ltd. (NYSE:NBR): The stock opened at $10.51 and touched an intraday high of $10.685 on Wednesday. During the day, the stock corrected to an intraday low of $10.405, however, the bulls stepped in and pushed the price higher to close in the green at $10.58 with a gain of 0.57% for the day. The total traded volume for the day was 6,429,241. The stock had closed at $10.52 in the previous trading session.

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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