Shares of Nabors Industries Ltd. (NYSE:NBR) traded today at $118.73, eclipsing its 52-week high. So far today approximately 92,000 shares have been exchanged, as compared to an average 30-day volume of 277,000 shares.
In the past 52 weeks, Nabors Industries Ltd. share prices are bracketed by a low of $9.79 and a high of $118.73 and is now at $115.26, 1,077% above that low price.
Nabors is one of the world’s largest land rig drilling contractors. The company has more than 500 land rigs, more than 600 land workover rigs, and numerous offshore rigs that drill for oil and natural gas globally. The company derives about 75% of its revenue from North America. In addition, Nabors provides well servicing, engineering, transportation, and other services for oil and gas producers.
Nabors Industries Ltd. (NYSE:NBR) defies analysts with a current price ($115.26) 7.3% above its average consensus price target of $106.86.
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