.png "Nabors Industries (NYSE: NBR)")
In a report released yesterday, Michael LaMotte from Guggenheim reiterated a Buy rating on Nabors Industries (NYSE: NBR), with a price target of $11. The company’s shares closed yesterday at $5.98.
LaMotte has an average return of 4.6% when recommending Nabors Industries.
According to TipRanks.com, LaMotte is ranked #4724 out of 4877 analysts.
Nabors Industries has an analyst consensus of Strong Buy, with a price target consensus of $10.54, representing a 76.3% upside. In a report issued on October 9, Cowen & Co. also reiterated a Buy rating on the stock with a $11 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.
