Nabors Industries (NYSE:NBR – Free Report) had its target price decreased by Susquehanna from $79.00 to $77.00 in a research note published on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas company’s stock.
NBR has been the subject of a number of other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price target on shares of Nabors Industries in a research report on Wednesday, October 16th. Evercore ISI decreased their target price on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research report on Thursday. Barclays dropped their price target on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Finally, Citigroup downgraded shares of Nabors Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $75.00 in a report on Friday, September 13th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Nabors Industries has an average rating of “Hold” and an average target price of $96.17.
Check Out Our Latest Report on Nabors Industries
Nabors Industries Stock Performance
Institutional Trading of Nabors Industries
A number of hedge funds have recently bought and sold shares of NBR. Hartree Partners LP lifted its stake in shares of Nabors Industries by 41.3% in the first quarter. Hartree Partners LP now owns 40,000 shares of the oil and gas company’s stock valued at $3,445,000 after buying an additional 11,690 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Nabors Industries by 29.2% during the 1st quarter. GSA Capital Partners LLP now owns 32,992 shares of the oil and gas company’s stock worth $2,842,000 after purchasing an additional 7,457 shares in the last quarter. Swiss National Bank increased its position in shares of Nabors Industries by 3.4% during the first quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company’s stock valued at $1,593,000 after purchasing an additional 600 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Nabors Industries in the first quarter valued at $471,000. Finally, Russell Investments Group Ltd. lifted its position in Nabors Industries by 2,022.2% in the first quarter. Russell Investments Group Ltd. now owns 764 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 728 shares during the period. 81.92% of the stock is owned by institutional investors.
Nabors Industries Company Profile
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 four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.
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