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Zacks Investment Research disclosed Nabors Industries Ltd. (NYSE:NBR), hiking its stock price target to $12.00 earlier today

Displaying a price of $9.92, Nabors Industries Ltd. (NYSE:NBR) traded 0.31% higher on the day. With the last stock close up 2.08% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of $9.77 and two hundred day moving average of $9.41. 10,235,186 shares of the stock exchanged hands, up from ann average trading volume of 6,968,550

In a report released on 8/19/2016 Zacks Investment Research raised the target price of Nabors Industries Ltd. (NYSE:NBR) from $0 to $12 indicating a possible upsideof 0.21%.

On 6/01/2016, Credit Suisse reported about Nabors Industries Ltd.(NYSE:NBR) lowered the target price from $10.00 to $9.00 that suggested a downside of -0.01%.

Performance Chart:

Nabors Industries Ltd. (NYSE:NBR)

A total of 24 brokerages have reported on NBR. Five analysts rate the stock a strong buy, 13 analysts rate the stock a buy, 10 analyts rate the company a hold, one firm rate the company to underperform, and finally 0 analystsrate the company as sell with a consensus target stock price of $11.21

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

About 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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