Nabors Industries Ltd (NYSE: NBR) stock closed at $88.56 on 12/14/23 after a major increase of 10.6%. Moreover, trading volume in this advance was exceptionally high at 203% of normal. The stock has risen 11.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NBR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Nabors Industries has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Nabors Industries has a neutral Power Rating of 49 but a very low Appreciation Score of 11, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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