Zacks Rating on Nabors Industries Ltd. (NBR)

Nabors Industries Ltd. (NBR) has an average broker rating of 1.65, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.

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. has dropped 0.48% in the last five trading days, however, the shares have posted positive gains of 11.16% in the last 4 weeks. Nabors Industries Ltd. is up 25.66% in the last 3-month period. Year-to-Date the stock performance stands at 22.09%. Nabors Industries Ltd. (NYSE:NBR): stock turned positive on Tuesday. Though the stock opened at $9.92, the bulls momentum made the stock top out at $10.27 level for the day. The stock recorded a low of $9.87 and closed the trading day at $10.26, in the green by 3.32%. The total traded volume for the day was 7,580,368. The stock had closed at $9.93 in the previous days trading.

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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