Nabors Industries traded at $83.40 this Tuesday August 4th, decreasing $0.84 or 1.00 percent since the previous trading session. Looking back, over the last four weeks, Nabors Industries lost 9.26 percent. Over the last 12 months, its price rose by 161.44 percent. Looking ahead, we forecast Nabors Industries to be priced at 82.23 by the end of this quarter and at 72.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company provides wellbore placement services, drilling software and performance tools, drilling equipment and various technologies throughout the oil and gas markets. The Company's Drilling & Rig Services business comprises land-based and offshore drilling rig operations and other rig services, consisting of equipment manufacturing, rig instrumentation and optimization software. The Company is a provider of directional drilling and measurement while drilling (MWD) systems and services. The Company also provides drilling technology and equipment, and well-site services.