Posted by Patrick Bannon on Jun 26th, 2012
http://www.dailypolitical.com/finance/stock-market/zacks-reiterates-neutral-on-nabors-industries-nbr.htm
Nabors Industries (NYSE: NBR)‘s stock had its “neutral” rating restated by Zacks in a report issued on Tuesday. They currently have a $13.00 target price on the stock.
Zacks‘ analyst wrote, “In the near-to-intermediate term, Nabors Industries is poised to benefit from strength in the U.S. and Canadian land drilling markets, which will more than offset the delays in the Gulf of Mexico. With leading positions in most natural gas and oil-based shale plays, we expect the company to benefit from higher activity and pricing. The Superior Well’ acquisition has further enhanced Nabors’ earnings visibility by expanding its pressure pumping capabilities and geographic foothold. However, we remain concerned about weak natural gas fundamentals, which are likely to limit the company’s ability to generate positive earnings surprises. Nabors’ fairly debt-heavy balance sheet also remains an issue. As such, we see the stock performing in line with the broader market and continue to rate it as Neutral.”
Shares of Nabors Industries traded down 0.16% during mid-day trading on Tuesday, hitting $12.79. Nabors Industries has a 52 week low of $11.05 and a 52 week high of $27.63. The company has a market cap of $3.713 billion and a P/E ratio of 12.71.
NBR has been the subject of a number of other recent research reports.
Analysts at BMO Capital Markets cut their price target on shares of Nabors Industries from $25.00 to $23.00 in a research note to investors on Friday, June 15th. They now have an “outperform” rating on the stock.
Separately, analysts at Guggenheim upgraded shares of Nabors Industries from a “neutral” rating to a “buy” rating in a research note to investors on Monday, May 21st. They now have a $22.00 price target on the stock. They noted that the move was a valuation call.
Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Nabors Industries in a research note to investors on Thursday, April 26th.
Nabors Industries Ltd. (Nabors) is a land drilling contractor and a land well-servicing and workover contractor in the United States and Canada.
Is the glass half empty, half full, or twice as large as it needs to be?
Recent NBR News
- Nabors Industries Ltd. 3rd Quarter 2024 Earnings Conference Call Invitation • PR Newswire (US) • 09/12/2024 08:15:00 PM
- Nabors to Participate at Pareto Securities' 31st Annual Energy Conference • PR Newswire (US) • 09/10/2024 08:20:00 PM
- Nabors to Participate at Barclays Energy-Power Conference • PR Newswire (US) • 09/03/2024 11:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 02:05:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 08:10:15 PM
- Nabors Announces Second Quarter 2024 Results • PR Newswire (US) • 07/23/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:05:27 PM
- Nabors Prices $550 Million Senior Guaranteed Notes Offering • PR Newswire (US) • 07/18/2024 12:32:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 01:14:10 PM
- Nabors Announces Offering of Senior Guaranteed Notes • PR Newswire (US) • 07/17/2024 12:57:00 PM
- Nabors Announces Preliminary Operating Results for the Quarter Ended June 30, 2024 • PR Newswire (US) • 07/17/2024 12:51:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/15/2024 09:20:59 PM
- Nabors Industries Ltd. 2nd Quarter 2024 Earnings Conference Call Invitation • PR Newswire (US) • 06/26/2024 08:15:00 PM
- Nabors Announces Second Quarter 2024 Update • PR Newswire (US) • 06/20/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:30:49 PM
- Nabors Announces Amendment and Restatement of $475 Million Credit Facility • PR Newswire (US) • 06/17/2024 08:15:00 PM
- Vista and Nabors to Deploy Third Drilling Rig to Vaca Muerta, Argentina • PR Newswire (US) • 05/06/2024 09:00:00 PM
- Nabors Announces First Quarter 2024 Results • PR Newswire (US) • 04/24/2024 08:15:00 PM
- Nabors Industries Ltd. 1st Quarter 2024 Earnings Conference Call Invitation • PR Newswire (US) • 04/03/2024 08:15:00 PM
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 03/07/2024 10:05:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:20:54 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 11:42:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/12/2024 08:18:23 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/09/2024 09:57:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 10:14:25 PM
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