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Shares of oil drilling stocks are flying higher on June 8, following news over the weekend that some of the world's biggest oil-producing nations had reached an agreement to continue output cuts first implemented in April. As of 2:08 p.m. EDT, shares of the following seven oil drilling and oilfi...
The stock market made an assertive statement of extreme confidence on Friday, responding favorably to news that the U.S. employment picture has begun to recover. The recovery from March's lows has already been extremely impressive, but the Dow Jones Industrial Average (DJINDICES: ^DJI) , S&a...
A lot of oil stocks are surging today, with one category -- oil drillers -- seeing some of the biggest gains. As of 1:56 p.m. EDT on Friday, the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) was up 2.8%, but companies involved in both offshore and on-land oil and gas drilling were...
Shares of oil drilling contractor Nabors Industries (NYSE: NBR) soared on May 28, gaining 16.4% from the previous day's close. The big jump was the product of a share price target increase by a Wall Street analyst. An analyst with Citigroup significantly lifted his price t...
Nabors Industries ( NBR +12.3% ) soars as much as 25% intraday after Citi raised its price target to a Street-high $35 from $15.50 previously, citing more bullish commodity price forecasts and strengthening market fundamentals. More news on: Nabors Industries Ltd., Energy stocks news, ...
NBR's Short-Term Outlook Is Weak In an environment when the energy market looks fragile and the U.S. onshore utilization and day rates have been keeping low, Nabors Industries ( NBR ) persisted with its policy of operating the super-spec AC rigs while diversifying its revenues base away fr...
Disclosure : This article was released to Cash Flow Kingdom members on May 14th with NBR at $16.50 and NBR.PA at $3.55. I have attempted to go through and update all figures for today's close; however, I may have missed something. I spent May 13th compiling a list of companies which had...
Gainers: Surface Oncology (NASDAQ: SURF ) +82% . More news on: Surface Oncology, Inc., Nabors Industries Ltd., LMP Automotive Holdings, Inc., Stocks on the move, , Read more ...
Nabors Industries Ltd. ( NBR ), a drilling company I have been covering since February , has reported a sharp drop in the 1Q20 revenue and operating income. However, revenue topped expectations of Wall Street , and the stock inched higher, also supported by hopes on the oil prices recovery...
The 2020 oil market crash has cratered the share prices of almost every oil company. Many other sectors have already partially recovered from the market's coronavirus-induced plunge in February and March; the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) is back to being down by only down 1...
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Nabors Announces Second Quarter 2024 Update PR Newswire HAMILTON, Bermuda , June 20, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that on June 18, 2024 , William Restrepo , the Chief Financial Of...
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which com...
Nabors Announces Amendment and Restatement of $475 Million Credit Facility PR Newswire HAMILTON, Bermuda , June 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on June 17, 2024 , an amendment and restatement of its secured credi...