.png "Nabors Industries (NYSE: NBR)")
RBC Capital analyst Kurt Hallead maintained a Hold rating on Nabors Industries (NBR) on April 3 and set a price target of $0.75. The company’s shares closed last Friday at $0.36, close to its 52-week low of $0.32.
According to TipRanks.com, Hallead has currently no stars on a ranking scale of 0-5 stars, with an average return of -20.2% and a 26.2% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.
Nabors Industries has an analyst consensus of Moderate Sell, with a price target consensus of $1.73, which is a 319.1% upside from current levels. In a report issued on March 25, Citigroup also maintained a Hold rating on the stock with a $0.68 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $4.08 and a one-year low of $0.32. Currently, Nabors Industries has an average volume of 9.76M.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NBR in relation to earlier this year.
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 segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in states and Alaska as well as offshore operations in the Gulf of Mexico. The Canada segment consists of land-based drilling rigs in Canada. The International segment focuses in maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as patented steering systems and rig instrumentation software systems that enhance drilling performance and wellbore placement. The Rig Technologies segment comprises Canrig, which manufactures and sells top drives, catwalks, wrenches, drawworks, and drilling related equipment such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.
