Duncan Williams maintained its Nabors Industries NBR Buy rating and $37.50 price target in a research report published today.
In the report, Duncan Williams states, "The company indicated weather delays in the Bakken and Marcellus areas had lowered revenues as well as late deliveries for equipment to the division. The International segment was also hindered by delays in contract awards, importation obstacles, and civil unrest. The countries affecting this division are Saudi Arabia, Iraq, Yemen, Columbia, and Mexico."
Shares of Nabors Industries were trading at $23.52 at the time of posting, down 2.12% from Friday's market close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in