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Nabors Industries stock rose up to 5.4% after Susquehanna analyst Charles Minervino raised his price target from $85 to $91, implying 14.3% upside. Minervino maintained a neutral rating but expects strong exploration and production spending in 2027 to benefit oilfield services companies. However, the stock trades at a steep 53.8x forward earnings, warranting further due diligence from investors.
Susquehanna analyst Charles Minervino maintains Nabors Industries (NYSE:NBR) with a Neutral and raises the price target from $85 to $91.
Filed: 2026-09-08 AccNo: 0001104659-26-105673 Size: 2 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
The transaction positions Nabors as Quaise's largest shareholder with a fully diluted ownership of 14%. The investment deepens the longstanding relationship between Nabors and Quaise, and gives Nabors meaningful