Shares of Nabors Industries Ltd. (NYSE:NBR) traded today at $148.00, eclipsing its 52-week high. This new high was reached on below average trading volume as 121,000 shares traded hands, while the average 30-day volume is approximately 194,000 shares.
Nabors Industries Ltd. (NYSE:NBR) defies analysts with a current price ($145.19) 4.7% above its average consensus price target of $138.35.
Nabors Industries Ltd. share prices have moved between a 52-week high of $148.00 and a 52-week low of $65.58 and are now trading 121% above that low price at $145.19 per share.
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.
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