.png "Nabors Industries (NYSE: NBR)")
In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Hold rating on Nabors Industries (NYSE: NBR), with a price target of $6.50. The company’s shares opened today at $5, close to its 52-week low of $4.49.
According to TipRanks.com, Boyd has 0 stars on 0-5 star ranking scale with an average return of -9.1% and a 35.8% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Helmerich & Payne, and Superior Energy.
Nabors Industries has an analyst consensus of Strong Buy, with a price target consensus of $10.05.
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Based on Nabors Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $115 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.
