Nabors Industries Ltd. NBR was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 22.9% in the past one-month time frame.
The company has seen two 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. Quote
A better-ranked stock in the Oil and Gas – Drilling industry is Koninklijke Vopak N.V. VOPKY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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