Nabors Industries Ltd. (NYSE:NBR) has been upgraded to Overweight in a statement by Capital One Financial Corp. earlier today.
- Updated: September 19, 2016
Capital One Financial Corp. has upgraded Nabors Industries Ltd.(NYSE:NBR) to Overweight in a report released on 9/19/2016.
Boasting a price of $9.61, Nabors Industries Ltd. (NYSE:NBR) traded 1.66% higher on the day. With the last stock price up 3.78% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. NBR has recorded a 50-day moving average of $9.77 and two hundred day average of $9.41. 1,091,590 shares of NBR traded hands, down from ann average trading volume of 6,968,550
Nabors Industries Ltd. has a 52 week low of $4.93 and a one-year high of $12.33. NBR’s market capitalization is currently $0.0.
Also covering Nabors Industries Ltd.’s target price, a total of 24 analysts have issued a ratings update on the company. The 12-month target price is $11.21 with five firms rating the company a strong buy, 13 analysts rating the stock a buy, 10 analyts rating the stock a hold, one brokerage rating the company to underperform, and finally 0 firmsrating the stock as sell.
General Company Details For 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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