Nabors Industries Ltd (NYSE: NBR) has reported a loss for its first fiscal quarter (ending March 31) of $-4.54 versus $4.39 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $-13.81 compared to $-14.69 a year ago.
Recent Price Action
Nabors Industries Ltd (NYSE: NBR) stock closed at $80.13 on 4/24/24 after a slight decline of -0.6%. Moreover, above average trading volume at 146% of normal accompanied the decline. The stock has risen 7.0% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NBR is expected to continue to be an important 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 highly consistent signals. Nabors Industries has a poor Power Rating of 23 and a poor Appreciation Score of 20, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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