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Wells Fargo & Company downgraded Nabors Industries Ltd. (NYSE:NBR) to Market Perform in a report released today.

Just yesterday Nabors Industries Ltd. (NYSE:NBR) traded -0.15% lower at $7.49. Nabors Industries Ltd.’s 50-day moving average is $7.65 and its 200-day moving average is $11.12. The last stock price is down -38.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 5,658,337 shares of NBR traded hands, down from an average trading volume of 9,100,960

Wells Fargo & Company has downgraded Nabors Industries Ltd. (NYSE:NBR) to Market Perform in a report released on 7/7/2017.

Recent Performance Chart

Nabors Industries Ltd. (NYSE:NBR)

Nabors Industries Ltd. has with a one year low of $6.72 and a one year high of $18.40 and has a market capitalization of $0.

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.

General Company Details For 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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