Top25-SA-Banner

Cowen & Co. Reiterates Their Buy Rating on Nabors Industries (NBR)


In a report issued on October 9, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Nabors Industries (NYSE: NBR), with a price target of $11. The company’s shares closed yesterday at $5.98.

According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 30.8% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nabors Industries with a $10.88 average price target.

See today’s analyst top recommended stocks >>

Based on Nabors Industries’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $196 million. In comparison, last year the company had a GAAP net loss of $149 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It operates through the following segmetns: U.S., Canada, International, Drilling Solutions, and Rig Technologies. The U.S. segment includes land drilling activities in states and Alaska as well as offshore operations in the Gulf of Mexico.