Nabors Industries Ltd. (NYSE:NBR – Get Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $127.39, but opened at $122.20. Nabors Industries shares last traded at $120.03, with a volume of 486 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on NBR. Susquehanna reduced their price target on shares of Nabors Industries from $170.00 to $21.00 in a research report on Wednesday, June 8th. Morgan Stanley dropped their price objective on Nabors Industries from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Wednesday, July 13th. Finally, Susquehanna Bancshares dropped their price objective on Nabors Industries from $170.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Nabors Industries currently has an average rating of “Hold” and an average price target of $93.67.
Nabors Industries Stock Performance
The stock has a market cap of $1.28 billion, a PE ratio of -1.95 and a beta of 2.68. The company has a debt-to-equity ratio of 4.33, a current ratio of 1.76 and a quick ratio of 1.53. The business has a 50 day moving average price of $125.22 and a two-hundred day moving average price of $143.40.
Institutional Trading of Nabors Industries
Nabors Industries Company Profile
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software.
- Get a free copy of the StockNews.com research report on Nabors Industries (NBR)
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