UBS Remains Bullish on Nabors Industries (NBR) Ahead of Analyst Day

August 24, 2016 11:23 AM EDT
Get Alerts NBR Hot Sheet
Price: $12.84 -1.53%

Rating Summary:
    22 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 30
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UBS reiterated a Buy rating and $12.00 price target on Nabors Industries (NYSE: NBR) ahead of the company's analyst day.

Analyst Angie Sedita commented, "Following Q2 earnings we highlighted NBR as a “company to watch” (4 Aug) and also added it to our “Top Picks List” (18 Aug). We believe the company is a compelling near-term outperformer given: (1) its coming Nov 10th Analyst Day in which they will highlight a number of new initiatives within the company, and (2) its sharp 40% discount to the peer group (PTEN & HP) vs its -10%/+10% historical range."

For an analyst ratings summary and ratings history on Nabors click here. For more ratings news on Nabors click here.

Shares of Nabors closed at $10.26 yesterday.

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