Why Hold Strategy Makes Sense for Nabors Industries Right Now

Nabors Industries Ltd. (NBR) is currently considered undervalued, trading at a 3.72X trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is significantly below the broader industry average of 16.18X. Image Source: Zacks Investment Research Zacks' proprietary data indicates that the company has a Value Score of A, suggesting that it is a solid choice for value investors. While this makes Nabors seem like a bargain compared with its peers, th ...