Nabors Industries Ltd. (NYSE:NBR – Get Free Report) has been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $108.50.
Several research analysts have recently weighed in on NBR shares. Royal Bank of Canada reissued a “sector perform” rating and set a $114.00 price target on shares of Nabors Industries in a research report on Thursday, July 25th. Citigroup decreased their target price on Nabors Industries from $95.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th.
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Nabors Industries Price Performance
Shares of NYSE NBR opened at $79.67 on Wednesday. The firm has a fifty day moving average of $79.87 and a 200 day moving average of $78.88. Nabors Industries has a one year low of $59.90 and a one year high of $141.47. The firm has a market cap of $852.63 million, a PE ratio of -5.77 and a beta of 2.22. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.53 and a current ratio of 1.82.
Nabors Industries (NYSE:NBR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($2.52). The firm had revenue of $742.98 million during the quarter, compared to analysts’ expectations of $737.91 million. Nabors Industries had a negative net margin of 4.73% and a negative return on equity of 28.10%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.26) EPS. As a group, research analysts predict that Nabors Industries will post -7.75 EPS for the current fiscal year.
About Nabors Industries
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.
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