Analyst Price Target is $145.00
▲ +17.41% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Nabors Industries in the last 3 months. The average price target is $145.00, with a high forecast of $189.00 and a low forecast of $91.00. The average price target represents a 17.41% upside from the last price of $123.50.
Current Consensus is
Hold
The current consensus among 7 investment analysts is to hold stock in Nabors Industries. This Hold consensus rating has held steady for over two years.
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.
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