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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:32 EDTNBRNabors Industries breaks out following earnings, levels to watch
The shares are up over 10.4% to $20.60 at time of writing. This move above $20 following earnings breaks the top of a trading range that had been in place for more than a year. Typically a break above long-held resistance leads to a sustained move higher over time. At current price, next resistance is at $21.10. Support is at $20.03.
News For NBR From The Last 14 Days
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February 2, 2016
07:18 EDTNBRJefferies sees relative value in Nabors Industries
Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.

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