RBC Capital Keeps a Hold Rating on Nabors Industries (NBR)
RBC Capital analyst Keith Mackey maintained a Hold rating on Nabors Industries (NBR – Research Report) on July 7 and set a price target of $205.00. The companys shares closed last Friday at $116.77.
According to TipRanks.com, Mackey is a 5-star analyst with an average return of 24.0% and a 65.2% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Trican Well Service.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nabors Industries with a $177.20 average price target.
See Insiders’ Hot Stocks on TipRanks >> Based on Nabors Industries latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $569 million and GAAP net loss of $184 million. In comparison, last year the company earned revenue of $461 million and had a GAAP net loss of $137 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 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. Read More on NBR:
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