BMO Capital Reiterates a Hold Rating on Nabors Industries

By Carrie Williams

BMO Capital analyst Daniel Boyd reiterated a Hold rating on Nabors Industries (NYSE: NBR) yesterday and set a price target of $7.50. The company’s shares opened today at $6.32.

According to TipRanks.com, Boyd is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.8% and a 36.6% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Oil States International, C&J Energy Services Inc, and Schlumberger Limited.

Nabors Industries has an analyst consensus of Strong Buy, with a price target consensus of $8.63.

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The company has a one-year high of $8.87 and a one-year low of $5.32. Currently, Nabors Industries has an average volume of 12.86M.

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Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It operates through the following segmetns: U.S., Canada, International, Drilling Solutions, and Rig Technologies. The U.S. segment includes land drilling activities in states and Alaska as well as offshore operations in the Gulf of Mexico.