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