In a report released yesterday, John Daniel from Piper Jaffray reiterated a Hold rating on Nabors Industries (NYSE: NBR), with a price target of $9.25. The company’s shares closed yesterday at $6.49.
According to TipRanks.com, Daniel is a 3-star analyst with an average return of 2.2% and a 45.5% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and C&J Energy Services Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nabors Industries with a $9.29 average price target.
See today’s analyst top recommended stocks >>
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 14.12M.
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.
