NBR News & Analysis

Nabors Industries (NBR) Shares Surge 140% Over Past Year

Nabors Industries Ltd. (NBR) has reported a 140% increase in share price over the past year and a 48% rise year-to-date. RBC Capital maintained a Hold rating with a price target of $200. Hostilities in the Middle East reportedly increased focus on oil drilling firms, impacting NBR's stock performance. Additionally, Barclays raised its price target for NBR from $65 to $99, highlighting the strength of the energy services sector. This situation may make NBR attractive for investors seeking exposure to a recovering energy market.