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Morgan Stanley downgraded Nabors Industries Ltd. (NYSE:NBR) to Equal Weight in a statement released earlier today.

Morgan Stanley has downgraded Nabors Industries Ltd. (NYSE:NBR) to Equal Weight in a statement released on 06/21/2017.

On 6/20/2017, Evercore ISI released a statement for Nabors Industries Ltd. (NYSE:NBR) bumped up the target price from $0.00 to $18.00 that suggested an upside of 1.25%.

Boasting a price of $7.96, Nabors Industries Ltd. (NYSE:NBR) traded 0.27% higher on the day. The last closing price is down -22.21% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. NBR has recorded a 50-day moving average of $6.92 and a 200-day moving average of $9.56. Volume of trade was up over the average, with 8,250,904 shares of NBR changing hands over the typical 8,152,580

Performance Chart

Nabors Industries Ltd. (NYSE:NBR)

With a total market value of $0, Nabors Industries Ltd. has with a one year low of $6.18 and a one year high of $18.40 .

A total of 24 analysts have released a report on Nabors Industries Ltd.. Five analysts rating the company a strong buy, thirteen analysts rating the company a buy, ten analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $11.21.

More About Nabors Industries Ltd. (NYSE:NBR)

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company provides wellbore placement services, drilling software and performance tools, drilling equipment and various technologies throughout the oil and gas markets. The Company's Drilling & Rig Services business comprises land-based and offshore drilling rig operations and other rig services, consisting of equipment manufacturing, rig instrumentation and optimization software. The Company is a provider of directional drilling and measurement while drilling (MWD) systems and services. The Company also provides drilling technology and equipment, and well-site services.

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