Nabors Industries (NYSE:NBR) had its price objective hosited by Jefferies Group from $15.00 to $17.00 in a report released on Thursday morning, StockRatingsNetwork.com reports. They currently have a hold rating on the stock.
Nabors Industries (NYSE: NBR) traded down 1.51% on Thursday, hitting $14.705. Nabors Industries has a 1-year low of $12.75 and a 1-year high of $18.24. The stock’s 50-day moving average is currently $15.6. The company has a market cap of $4.334 billion and a price-to-earnings ratio of 22.18.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities cut their price target on shares of Nabors Industries from $18.00 to $16.00 in a research note to investors on Thursday. They now have a neutral rating on the stock. Separately, analysts at Capital One Financial Corp. downgraded shares of Nabors Industries from an add rating to a neutral rating in a research note to investors on Thursday. Finally, analysts at Credit Suisse reiterated a sell rating on shares of Nabors Industries in a research note to investors on Saturday, July 13th. They now have a $12.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $17.00.
Nabors Industries Ltd. (NYSE: NBR) is the land drilling contractor and land well-servicing and workover contractors in the United States and Canada.