A share price of Nabors Industries Ltd [NBR] is currently trading at $84.38, up 7.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NBR shares have gain 13.03% over the last week, with a monthly amount glided 10.62%, 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 September 13, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $75 from $110. Previously, The Benchmark Company downgraded its rating to Hold on January 16, 2024. On October 17, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $175 on the stock. The Benchmark Company upgraded its rating to a Buy. Barclays downgraded its rating to a Equal Weight and reduced its price target to $150 on May 09, 2023. Morgan Stanley upgraded its rating to Equal-Weight for this stock on April 18, 2023, and downed its price target to $165. In a note dated January 19, 2023, The Benchmark Company initiated an Hold rating.
Nabors Industries Ltd experienced fluctuations in its stock price throughout the past year between $59.67 and $105.96. Currently, Wall Street analysts expect the stock to reach $131.67 within the next 12 months. Nabors Industries Ltd [NYSE: NBR] shares were valued at $84.38 at the most recent close of the market. An investor can expect a potential return of 56.04% based on the average NBR price forecast.
Analyzing the NBR fundamentals
Trailing Twelve Months sales for Nabors Industries Ltd [NYSE:NBR] were 2.93B which represents -0.30% decline. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, 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 -0.33, Equity is -0.58 and Total Capital is -2.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 26.19.
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 82.09 points at the first support level, and at 79.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.39, and for the 2nd resistance point, it is at 88.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nabors Industries Ltd [NYSE:NBR] is 1.88. As well, the Quick Ratio is 1.63, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 4.21.
