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CapitalOne upgraded Nabors Industries (NYSE:NBR) from Equal Weight to Overweight in a report released today.

Only yesterday Nabors Industries (NYSE:NBR) traded 1.66% higher at $9.61. Nabors Industries’s 50-day moving average is $9.77 and its two hundred day average is $9.41. The last stock price is up 3.78% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. Trading volume was was down over the average, with 1,091,590 shares of NBR changing hands under the typical 6,968,550 shares..

CapitalOne has upgraded Nabors Industries(NYSE:NBR) from Equal Weight to Overweight in a report released 9/19/2016.

Performance Chart:

Nabors Industries (NYSE:NBR)

In addition to CapitalOne reporting it’s target price, a total of 24 equity analysts have released a ratings update on the company. The consensus target price is $11.21 with five firms rating the company a strong buy, 13 firms rating the stock a buy, 10 firms rating the stock a hold, one brokerage rating the company to underperform, and finally 0 firms rating the company as sell.

Nabors Industries has a one-year low of $4.93 and a 52 week high of $12.33. Nabors Industries’s market cap is presently $0.0.

Brief Synopsis About Nabors Industries (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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