Nabors Industries Ltd [NBR] stock prices are up 4.34% to $102.83 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NBR shares have gain 14.97% over the last week, with a monthly amount glided 46.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nabors Industries Ltd [NYSE: NBR] stock has seen the most recent analyst activity on January 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Morgan Stanley upgraded its rating to Overweight on October 17, 2023, and elevated its price target to $175. On July 19, 2023, upgrade upgraded it’s rating to Buy. Barclays downgraded its rating to a Equal Weight and decreased its price target to $150 on May 09, 2023. Morgan Stanley upgraded its rating to a Equal-Weight and reduced its price target to $165 on April 18, 2023. In a note dated January 17, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $210.
The stock price of Nabors Industries Ltd [NBR] has been fluctuating between $59.90 and $141.47 over the past year. Currently, Wall Street analysts expect the stock to reach $190 within the next 12 months. Nabors Industries Ltd [NYSE: NBR] shares were valued at $102.83 at the most recent close of the market. An investor can expect a potential return of 84.77% based on the average NBR price forecast.
Analyzing the NBR fundamentals
The Nabors Industries Ltd [NYSE:NBR] reported sales of 2.93B for trailing twelve months, representing a drop of -4.21%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.48 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 99.79 points at the first support level, and at 96.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.92, and for the 2nd resistance point, it is at 109.00.
Ratios To Look Out For
It’s worth pointing out that Nabors Industries Ltd [NYSE:NBR]’s Current Ratio is 1.82. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 3.92.
Transactions by insiders
Recent insider trading involved Kotts John P, Director, that happened on Sep 05 ’23 when 4975.0 shares were sold.
