News stories about Nabors Industries (NYSE:NBR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nabors Industries earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.6310776727406 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Nabors Industries Ltd. (NBR) In State to Counters Short-Term Obligation – Stock News Stop (stockmarketstop.com)
- Nabors Industries Ltd. (NBR) Cynical EPS Growth Performer For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Nabors Industries Ltd. (NYSE:NBR) – Clue to Identify In Play Stocks (Relative Volume) – Nasdaq Journal (nasdaqjournal.com)
- Brokerages Expect Nabors Industries Ltd. (NBR) to Announce -$0.33 EPS (americanbankingnews.com)
- Nabors Industries Ltd. (NBR) Retorts Its Active Position on Unparallel Developments – Stock News Stop (stockmarketstop.com)
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Nabors Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. ValuEngine cut shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Seaport Global Securities reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Nabors Industries in a research report on Thursday, January 18th. JPMorgan Chase & Co. cut shares of Nabors Industries from an “overweight” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, January 17th. Finally, Cowen set a $9.00 price objective on shares of Nabors Industries and gave the company a “buy” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.89.
Nabors Industries (NYSE NBR) traded up $0.23 during trading on Thursday, hitting $6.67. 987,455 shares of the stock traded hands, compared to its average volume of 10,390,166. The firm has a market cap of $2,050.00, a price-to-earnings ratio of -2.46 and a beta of 1.58. Nabors Industries has a one year low of $5.32 and a one year high of $15.80. The company has a quick ratio of 1.27, a current ratio of 1.41 and a debt-to-equity ratio of 1.35.
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Nabors Industries Company Profile
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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