Nabors Industries Ltd (NYSE: NBR) stock enjoyed a major increase of 10.4% on 7/24/24. The shares closed at $89.44. Moreover, exceptionally high trading volume at 224% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 4.7% during the last week.
Current PriceTarget Research Rating
NBR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
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 consistent signals. Nabors Industries has a poor Appreciation Score of 20 and a very low Power Rating of 14, resulting in the Lowest Value Trend Rating.
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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