For its third fiscal quarter (ending September 30), Nabors Industries Ltd (NYSE: NBR) has reported E.P.S. of $-6.86 compared to $-6.26 a year ago. For the latest four quarters through September 30, E.P.S. were $-18.39 compared to $-10.66 a year ago.
Recent Price Action
Nabors Industries Ltd (NYSE: NBR) stock declined by -4.2% on 10/22/24. The shares closed at $71.42. Moreover, trading volume in this decline was unusually high at 193% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.9% 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 highly consistent signals. Nabors Industries has a poor Appreciation Score of 22 and a poor Power Rating of 19, leading to the Lowest Value Trend Rating.
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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