Susquehanna lowered the firm’s price target on Nabors Industries (NBR) to $53 from $68 and keeps a Neutral rating on the shares. The firm updated its estimates following Q4 results by the update does not include the expected acquisition of Parker Wellbore and primarily reflects softness in US drilling activity.
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Read More on NBR:
- Nabors Industries Faces Financial Uncertainty Amid Parker Merger Integration Costs
- Nabors Industries Reports Q4 2024 Financial Results
- Nabors Industries Ltd. Earnings Call: Mixed Outlook with Growth and Challenges
- Nabors Industries reports Q4 EPS ($6.67) vs. ($2.70) last year
- Nabors Industries sees 2025 CapEx $710M-$720M
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