Nabors Industries Ltd. with ticker code (NBR) now have 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 262 and 110 calculating the mean target price we have $188.25. Now with the previous closing price of $104.56 this would imply there is now a potential upside of 80.0%. The day 50 moving average is $128.99 and the 200 moving average now moves to $139.74. The total market capitalization for the company now stands at $940m. Visit the company website at: https://www.nabors.com
The potential market cap would be $1,693m based on the market consensus.
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. The company marketed approximately 300 rigs for land-based drilling operations; and 29 rigs for offshore platform drilling operations. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
The company is not paying dividends at this time.
