Nabors Industries (NBR) Receives a Hold from RBC Capital

In a report released today, Keith Mackey from RBC Capital maintained a Hold rating on Nabors Industries, with a price target of $59.00. The company’s shares opened today at $43.68.

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Mackey covers the Energy sector, focusing on stocks such as Nabors Industries, Patterson-UTI, and Trican Well Service. According to TipRanks, Mackey has an average return of 19.3% and a 62.14% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nabors Industries with a $39.00 average price target.

The company has a one-year high of $86.10 and a one-year low of $23.27. Currently, Nabors Industries has an average volume of 507.6K.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NBR in relation to earlier this year. Last month, VARDE PARTNERS INC, a Major Shareholder at NBR sold 312,378.00 shares for a total of $12,817,236.96.