Credit Suisse Thinks Nabors Industries’ Stock is Going to Recover


Credit Suisse analyst James Wicklund maintained a Buy rating on Nabors Industries (NBR) yesterday and set a price target of $4. The company’s shares closed yesterday at $2.97, close to its 52-week low of $1.81.

According to TipRanks.com, Wicklund is ranked 0 out of 5 stars with an average return of -12.0% and a 31.1% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Ncs Multistage Holdings Inc, and Select Energy Services Inc.

Currently, the analyst consensus on Nabors Industries is a Moderate Buy with an average price target of $6.22.

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The company has a one-year high of $8.87 and a one-year low of $1.81. Currently, Nabors Industries has an average volume of 18.06M.

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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.

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