Capital One upgraded Nabors Industries Ltd. (NYSE:NBR) from Equal-weight to Overweight in a statement released earlier today.
- Updated: September 19, 2016
Capital One has upgraded Nabors Industries Ltd.(NYSE:NBR) from Equal-weight to Overweight in a report released on 9/19/2016.
Displaying a price of $9.81, Nabors Industries Ltd. (NYSE:NBR) traded 1.66% higher on the day. With the last stock price close up 3.78% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the date range. NBR has recorded a 50-day average of $9.77 and 200-day moving average of $9.41. Trade volume was was down over the average, with 1,091,590 shares of NBR changing hands under the typical 6,968,550 shares.
With a total market value of $0.0, Nabors Industries Ltd. has a 52 week low of $4.93 and a 52 week high of $12.33 with a PE ratio of 0.
Also covering Nabors Industries Ltd.’s price target, a total of 24 equity analysts have issued a ratings update on the stock. The 12-month target stock price is $11.21 with five firms rating the stock a strong buy, 13 firms rating the stock a buy, 10 firms rating the stock a hold, one firm rating the stock to underperform, and finally 0 firmsrating the company as sell.
About Nabors Industries Ltd. (NYSE:NBR)
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. Its fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land-based drilling operations in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling operations in the United States and multiple international markets. 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. In addition, and it manufactures and leases or sells top drives and other rig equipment.
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