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Shares of Nabors Industries (NYSE:NBR) have earned an average rating of “Hold” from the twenty-two ratings firms that are currently covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.22.

Shares of Nabors Industries (NYSE:NBR) traded up 1.50% on Friday, hitting $27.15. The stock had a trading volume of 408,103 shares. Nabors Industries has a 52 week low of $14.50 and a 52 week high of $28.20. The stock has a 50-day moving average of $25.56 and a 200-day moving average of $20.94. The company has a market cap of $8.076 billion and a P/E ratio of 88.28.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company posted $0.33 earnings per share. Nabors Industries’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that Nabors Industries will post $1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, June 5th.

Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of Nabors Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. They now have a $31.00 price target on the stock, up previously from $28.00. Separately, analysts at Guggenheim downgraded shares of Nabors Industries from a “neutral” rating to a “sell” rating in a research note on Monday, May 5th. They now have a $21.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. Finally, analysts at Bank of America upgraded shares of Nabors Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, May 1st.

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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