5 Very Cheap Energy Stocks Ready To Explode

2. Nabors Industries Ltd. (NYSE:NBR)

Average Analyst Share Price Upside: 63.09%

Nabors Industries Ltd. (NYSE:NBR) is another Bermuda based drilling products and services company. However, it is a diversified drilling company whose products and operations cover both land and sea based oil drilling. The shares are rated Buy on average and analysts have set an average share price target of $128.60.

During 2023’s third quarter, 21 out of the 910 hedge funds tracked by Insider Monkey were the firm’s shareholders. Nabors Industries Ltd. (NYSE:NBR)’s largest stakeholder is Jeffrey Gendell’s Tontine Asset Management as it owns $47.3 million worth of shares.

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