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Nabors (NBR) Jumps: Stock Rises 9.3%

Nabors Industries Ltd. NBR was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $0.33 –$0.66 in the past one-month time frame, witnessed a sharp increase on Apr 9.

The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Nabors currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Nabors Industries Ltd. Price

Nabors Industries Ltd. Price
Nabors Industries Ltd. Price

Nabors Industries Ltd. price | Nabors Industries Ltd. Quote

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Nabors Industries Ltd. (NBR) : Free Stock Analysis Report
 
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