Nabors Industries Ltd. (NBR) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $25.99 to $28.48 in the past one-month time frame.
The company has seen no estimate revisions over the past 30 days, and the Zacks Consensus Estimate is unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Nabors Industries currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas drilling industry include Pioneer Energy Services Corp. (PES), North Atlantic Drilling Limited (NADL) and Parker Drilling Co. (PKD). While Pioneer Energy Services sports a Zacks Rank #1 (Strong Buy), North Atlantic Drilling Limited and Parker Drilling Co. hold a Zacks Rank #2 (Buy).
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NABORS INDUSTRIES LTD (NBR): Free Stock Analysis Report
PIONEER ENERGY SERVICES CORP (PES): Free Stock Analysis Report
NORTH ATLANTIC DRILLING LTD (NADL): Free Stock Analysis Report
PARKER DRILLING CO (PKD): Free Stock Analysis Report
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Nabors Industries Ltd. (NBR) Jumps: Stock Adds 6.2% in Session
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