Nabors Industries Ltd. (NBR) Is A Top Stock To Buy According To Bill Miller

We recently published Bill Miller Portfolio: Top 10 Stock Picks. Nabors Industries Ltd. (NYSE:NBR) is one of the top stock picks.

Nabors Industries Ltd. (NYSE:NBR) is a large oil and gas drilling company with operations all over the world. The shares are up by 140% over the past year and by 48% year-to-date. RBC Capital discussed the firm in July as it kept a Hold rating and a $200 share price target. Media reports have suggested that the hostilities in the Middle East have benefited Nabors Industries Ltd. (NYSE:NBR) as oil supply disruptions have increased focus on oil drilling companies. This effect also appears to be present in the share price as the stock lost 13.9% between June 15th and June 24th after the US and Iran ceased hostilities.

Nabors Industries Ltd. (NBR) Is A Top Stock To Buy According To Bill Miller

Earlier in the year, in May, Barclays discussed Nabors Industries Ltd. (NYSE:NBR)’s stock. Barclays significantly raised the share price target to $99 from $65 and bumped the rating to Equalweight from Underweight. To justify its coverage, Barclays remarked that the energy services sector was in its best position in two decades.

While we acknowledge the risk and potential of NBR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NBR and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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