In a report released today, Marshall Adkins from Raymond James reiterated a Hold rating on Nabors Industries (NBR). The company’s shares closed on Friday at $2.39, close to its 52-week low of $1.81.
According to TipRanks.com, Adkins ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.2% and a 32.0% success rate. Adkins covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Compressco Partners LP, and Tetra Technologies.
Currently, the analyst consensus on Nabors Industries is a Moderate Buy with an average price target of $7.84.
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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 17.36M.
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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.
