February 20, 2018

Featured Stock: Nabors Industries Ltd. (NBR)

13 October 2017, 12:57 | Casey Mitchell

The company has market cap of $113.91 million. Geode Cap Management reported 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Discovery Capital Management LLC CT purchased a new stake in Nabors Industries during the fourth quarter worth approximately $124,125,000. BlackRock Inc. now owns 24,813,903 shares of the oil and gas company's stock worth $324,317,000 after acquiring an additional 24,486,309 shares during the last quarter. It's now trading about -24.43% below its 52-week high.

ATR value of the company was 0.32 and Relative Strength Index (RSI) was 46.43. The company has its outstanding shares of 279.37M. Bank of New York Mellon Corp grew its holdings in shares of Nabors Industries by 16.4% in the 2nd quarter. After a recent check, it is observed that the insiders for the firm now own 1.70% shares.

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Nabors Industries Ltd. has a 52 week low of $6.18 and a 52 week high of $18.40. Lsv Asset Mngmt reported 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Moreover, Rbf Capital Limited Liability Corporation has 0.14% invested in Nabors Industries Ltd. (NYSE:NBR). In looking the SMA 50 we see that the stock has seen a 2.60% while it has a distance of -32.11% from the 200 days simple moving average.

26 analysts on average are expecting Nabors Industries report earnings of $-0.28 per share for the current quarter. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. Nabors Industries had a negative return on equity of 8.04% and a negative net margin of 36.84%. The firm has "Hold" rating given on Wednesday, June 21 by BMO Capital Markets. While in the same Quarter Previous year, the Actual EPS was $-0.35.

The company's quick ratio for most recent quarter is 1.20. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.06 per share. In general, and ADX value from 0-25 would represent an absent or weak trend. The ex-dividend date of this dividend was Monday, September 11th.

Tracking other technical indicators, the 14-day RSI is presently standing at 42.89, the 7-day sits at 30.49, and the 3-day is resting at 14.55 for Nabors Industries (NBR). If you are viewing this article on another website, it was stolen and republished in violation of USA & worldwide copyright & trademark legislation. The legal version of this news story can be read at

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A number of equities research analysts recently commented on the stock.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -2.36 and -8.01 respectively.

Nabors Industries (NYSE:NBR) had its target price raised to $9.00 by Deutsche Bank in a report released 10/10/2017. Morgan Stanley downgraded Nabors Industries from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $19.00 to $10.00 in a report on Wednesday, June 21st. Instinet raised shares of Nabors Industries from a "neutral" rating to a "buy" rating and increased their target price for the company from $15.00 to $17.00 in a research report on Wednesday, April 5th. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover QCOM having a buy-equivalent rating.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). $11.04's average target is 49.39% above currents $7.39 stock price.

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Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of directional drilling and measurement while drilling (MWD) systems and services. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets. It dived, as 50 investors sold NBR shares while 92 reduced holdings.

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