Nabors Industries (NYSE:NBR – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other equities research analysts have also commented on NBR. Citigroup decreased their price target on Nabors Industries from $200.00 to $140.00 in a research note on Friday, May 19th. Susquehanna reduced their target price on Nabors Industries from $135.00 to $110.00 in a research note on Wednesday, April 26th. 888 reaffirmed a “maintains” rating on shares of Nabors Industries in a research note on Wednesday, April 26th. Morgan Stanley raised Nabors Industries from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $175.00 to $165.00 in a research note on Tuesday, April 18th. Finally, Barclays lowered Nabors Industries from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $250.00 to $150.00 in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Nabors Industries currently has an average rating of “Hold” and an average target price of $155.00.
Nabors Industries Price Performance
Shares of NYSE:NBR opened at $90.76 on Friday. The business’s 50 day simple moving average is $107.57 and its 200-day simple moving average is $140.37. The firm has a market capitalization of $865.85 million, a price-to-earnings ratio of -6.06 and a beta of 2.76. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.87 and a quick ratio of 1.61. Nabors Industries has a 12 month low of $85.35 and a 12 month high of $193.88.
Institutional Inflows and Outflows
About Nabors Industries
Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.
- Get a free copy of the StockNews.com research report on Nabors Industries (NBR)
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