.png "Nabors Industries (NYSE: NBR)")
Susquehanna analyst Charles Minervino reiterated a Buy rating on Nabors Industries (NYSE: NBR) on June 18 and set a price target of $9. The company’s shares opened today at $6.34.
According to TipRanks.com, Minervino is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.9% and a 37.1% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Schlumberger Limited.
Nabors Industries has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.
See today’s analyst top recommended stocks >>
Based on Nabors Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $143 million. In comparison, last year the company had a GAAP net loss of $145 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.
