Nabors Industries Ltd. (NYSE:NBR – Get Free Report) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $108.50.
NBR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $114.00 price objective on shares of Nabors Industries in a research report on Thursday, July 25th. Citigroup reduced their target price on Nabors Industries from $95.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.
View Our Latest Research Report on Nabors Industries
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Nabors Industries Price Performance
Shares of NBR opened at $79.67 on Wednesday. The business’s 50 day moving average price is $79.87 and its two-hundred day moving average price is $78.88. Nabors Industries has a 52-week low of $59.90 and a 52-week high of $141.47. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.53 and a current ratio of 1.82. The firm has a market cap of $852.63 million, a PE ratio of -5.77 and a beta of 2.22.
Nabors Industries (NYSE:NBR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.77) by ($2.52). Nabors Industries had a negative return on equity of 28.10% and a negative net margin of 4.73%. The company had revenue of $742.98 million for the quarter, compared to analysts’ expectations of $737.91 million. During the same quarter last year, the business posted ($2.26) EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Nabors Industries will post -7.75 EPS for the current year.
Nabors Industries Company Profile
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.
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