Nabors Industries (NBR) Receives a Buy from RBC Capital


In a report released yesterday, Kurt Hallead from RBC Capital reiterated a Buy rating on Nabors Industries (NYSE: NBR), with a price target of $12. The company’s shares opened today at $6.33.

According to TipRanks.com, Hallead is a 3-star analyst with an average return of 3.8% and a 44.8% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Ncs Multistage Holdings Inc, and Baker Hughes a GE company.

Nabors Industries has an analyst consensus of Strong Buy, with a price target consensus of $9.84.

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The company has a one-year high of $8.87 and a one-year low of $5.32. Currently, Nabors Industries has an average volume of 10.63M.

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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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