Nabors Industries Ltd. (NBR) Shares are Down -6.24%

Nabors Industries Ltd. (NBR) : During the past 4 weeks, traders have been relatively bearish on Nabors Industries Ltd. (NBR), hence the stock is down -3.36% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.74% relative to the S&P 500. The 4-week change in the price of the stock is -5.32% and the stock has fallen -6.24% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 0.52%.The 200 Day SMA reached 9.85% Nabors Industries Ltd. has dropped 7.26% during the last 3-month period . Year-to-Date the stock performance stands at 14.98%.


Nabors Industries Ltd. (NBR) : 14 Wall Street analysts covering Nabors Industries Ltd. (NBR) believe that the average level the stock could reach for the short term is $13.04. The maximum price target given is $19 and the minimum target for short term is around $8, hence the standard deviation is calculated at $2.68.

For the current week, the company shares have a recommendation consensus of Buy. Nabors Industries Ltd. (NYSE:NBR): The stock opened at $9.35 and touched an intraday high of $9.78 on Friday. During the day, the stock corrected to an intraday low of $9.33, however, the bulls stepped in and pushed the price higher to close in the green at $9.61 with a gain of 0.31% for the day. The total traded volume for the day was 10,235,186. The stock had closed at $9.61 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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