Nabors Industries Target of Unusually Large Options Trading (NBR)
Shares of Nabors Industries (NYSE:NBR) were the recipient of some unusual options trading on Friday. Traders bought 14,357 call options on the stock, ARN reports. This is an increase of 626% compared to the average daily volume of 1,977 call options.
Several analysts have recently commented on the stock. Analysts at Guggenheim reiterated a “neutral” rating on shares of Nabors Industries in a research note to investors on Tuesday, January 28th. They now have a $16.00 price target on the stock, down previously from $18.00. Separately, analysts at Stephens initiated coverage on shares of Nabors Industries in a research note to investors on Friday, January 24th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Nabors Industries in a research note to investors on Thursday, January 16th. They now have a $16.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.94.
Shares of Nabors Industries (NYSE:NBR) traded down 0.57% during mid-day trading on Friday, hitting $17.39. The stock had a trading volume of 7,123,069 shares. Nabors Industries has a one year low of $14.34 and a one year high of $18.33. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $16.53. The company has a market cap of $5.133 billion and a price-to-earnings ratio of 312.32.
Nabors Industries Ltd. (NYSE:NBR) is the land drilling contractor and land well-servicing and workover contractors in the United States and Canada.
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