Nabors Industries Ltd

NYSE: NBR
$79.39
-$1.99 (-2.4%)
Closing price April 12, 2024
Nabors Industries Ltd. specializes in providing comprehensive drilling and drilling-related services for oil and natural gas wells globally. With operations in the U.S. and abroad, it offers a range of services from tubular running to managed pressure drilling and advanced drilling systems like ROCKit and SmartNAV. Nabors not only operates a significant fleet of land-based and offshore rigs but also manufactures drilling equipment, including top drives and robotic systems. Founded in 1952 and headquartered in Bermuda, Nabors is a key player in enhancing drilling efficiency and safety in the energy sector.
Nabors Industries, Chico's FAS, U.S. Steel, and Encana all posted new 52-week lows Wednesday.
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In a new research report, Jefferies makes the bold contrarian call of advising clients and investors to take advantage of price drops in some of the top land drillers and buy shares now.
These five stocks trading under the $10 level could prove to be exciting additions to portfolios looking for solid alpha potential.
One thing is for sure, the energy sector offers far more value than many others and makes sense to buy now as the price of oil heads towards the $70 a barrel level.
These five stocks trading under the $10 level could provide investors with some solid upside potential and could prove to be exciting additions to portfolios looking for solid alpha.
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