Nabors Industries (NYSE:NBR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 27th. Analysts expect Nabors Industries to post earnings of ($0.33) per share for the quarter.
Nabors Industries (NYSE:NBR) opened at $6.62 on Tuesday. Nabors Industries has a 12 month low of $5.32 and a 12 month high of $15.80. The stock has a market capitalization of $2,100.00, a PE ratio of -2.47 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.27 and a current ratio of 1.41.
A number of research analysts have recently issued reports on the company. Stephens assumed coverage on Nabors Industries in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $8.00 price objective on the stock. Bank of America reduced their price objective on Nabors Industries from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research raised Nabors Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine cut Nabors Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley reduced their price objective on Nabors Industries from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Nabors Industries presently has a consensus rating of “Hold” and a consensus target price of $10.89.
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About Nabors Industries
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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