RBC Capital Remains a Hold on Nabors Industries (NBR)
In a report released yesterday, Keith Mackey from RBC Capital maintained a Hold rating on Nabors Industries (NBR – Research Report), with a price target of $45.00. The company's shares closed yesterday at $28.17.
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According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions.
Nabors Industries has an analyst consensus of Hold, with a price target consensus of $35.83.
Based on Nabors Industries' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $736.19 million and a net profit of $32.99 million. In comparison, last year the company earned a revenue of $733.7 million and had a GAAP net loss of $41.62 million
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