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
- 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
- Nabors Announces Fourth Quarter 2023 Results • PR Newswire (US) • 02/06/2024 09:15:00 PM
- SLB und Nabors geben Zusammenarbeit bekannt, um die Einführung von Automatisierungslösungen für Bohranlagen auszuweiten • Business Wire • 01/11/2024 08:22:00 PM
- SLBとネイバーズ、掘削自動化ソリューションの導入拡大に向けた提携を発表 • Business Wire • 01/11/2024 08:22:00 PM
- SLB and Nabors Announce Collaboration to Scale Adoption of Drilling Automation Solutions • Business Wire • 01/11/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 11:57:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 11:51:26 PM
- Nabors Industries Ltd. Fourth Quarter 2023 Earnings Conference Call Invitation • PR Newswire (US) • 01/03/2024 09:05:00 PM
- Nabors Industries Completes Its Most Impactful Energy Transition Investment to Date • PR Newswire (US) • 12/19/2023 12:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:08:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 11:03:14 AM
- Nabors Prices $650 Million in Senior Priority Guaranteed Notes • PR Newswire (US) • 11/16/2023 03:47:00 AM
- Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes • PR Newswire (US) • 11/15/2023 12:16:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/27/2023 06:32:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 10:01:18 AM
- Nabors Announces Third Quarter 2023 Results • PR Newswire (US) • 10/25/2023 09:14:00 PM
- Nabors Industries Ltd. Third Quarter 2023 Earnings Conference Call Invitation • PR Newswire (US) • 10/06/2023 09:23:00 PM
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