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Nabors Industries Ltd. (NYSE:NBR) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Boasting a price of $7.96, Nabors Industries Ltd. (NYSE:NBR) traded 0.27% higher on the day. With the last stock price close down -22.21% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Nabors Industries Ltd. has recorded a 50-day average of $6.92 and a two hundred day 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

Seaport Global Securities has downgraded Nabors Industries Ltd. (NYSE:NBR) to Neutral in a statement released on 6/21/2017.

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%.

Performance Chart

Nabors Industries Ltd. (NYSE:NBR)

With a total market value of $0, Nabors Industries Ltd. has 52 week low of $6.18 and a 52 week high of $18.40 .

In addition to Seaport Global Securities reporting its target price, a total of 24 brokers have issued a report on the stock. The consensus target price is $11.21 with 5 brokers rating the stock a strong buy, 13 brokers rating the stock a buy, 10 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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