Nabors Industries Ltd. (NBR) has risen sharply, recording gains of 9.56% in the past 4 weeks. However, the stock has corrected -2.86% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.23% and the fifty day Moving Average is 1.33%. Nabors Industries Ltd. is up 9.31% in the last three month period. Year-to-Date the stock performance stands at 17.33%.
Nabors Industries Ltd. (NBR) : 13 Wall Street analysts covering Nabors Industries Ltd. (NBR) believe that the average level the stock could reach for the short term is $12.81. The maximum price target given is $19 and the minimum target for short term is around $8, hence the standard deviation is calculated at $2.64.
Nabors Industries Ltd. (NYSE:NBR): On Fridays trading session , Opening price of the stock was $10.1 with an intraday high of $10.21. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.82. However, the stock managed to close at $9.86, a loss of 1.89% for the day. On the previous day, the stock had closed at $10.05. The total traded volume of the day was 5,577,898 shares.
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.