(NBR) With Shares Trading down at $7.25 Nabors Industries Ltd. Third Quarter…

Cornelia Mascio
Ottobre 13, 2017

Turning to Nabors Industries Ltd. (NYSE:NBR), its shares were trading at $7.4 a retreat of $-0.11, on the trading floor. The fund owned 705,906 shares of the oil and gas company's stock after selling 41,504 shares during the quarter. The overall volume in the last trading session was 8,599,238 shares.

Several other large investors have also made changes to their positions in the company.

Short traders are feeling a little more bullish on Nabors Industries Ltd. of late if you take note of the motion in short interest. BMO Capital Markets set a $15.00 target price on shares of Nabors Industries and gave the company a "hold" rating in a research report on Wednesday, April 12th.

When we see the company's Volatility, it now has a monthly volatility of 3.92% and weekly volatility of 3.80%. Nabors Industries Ltd. had 93 analyst reports since August 6, 2015 according to SRatingsIntel. They now have a Dollars 18 price target on the stock. Wright Investors Service Inc. lifted its holdings in Nabors Industries by 2.2% in the 2nd quarter. Nabors Industries Ltd. has 7 buy ratings, 8 holds and 0 sells even after the stock tumbled -59.78% from its high of $18.4 to a $2.07 billion market value through last close. Finally, State Street Corp grew its holdings in shares of Nabors Industries by 2.2% in the 1st quarter. Share performance for the month is now at 8.03%.

While looking at the Stock's Performance, Nabors Industries Ltd. now shows a Weekly Performance of -3.72%, where Monthly Performance is 12.43%, Quarterly performance is -0.13%, 6 Months performance is -47.04% and yearly performance percentage is -41.92%. (NYSE:NBR) opened at 8.75 on Monday. The company has market cap of $4.01 billion. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since October 12, 2016 and is uptrending. The oil and gas company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.36) by $0.16. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. The Return on Equity (ROE) value stands at -23.2%. The business's revenue for the quarter was up 21.9% on a year-over-year basis. Lemoine now forecasts that the oil and gas company will earn ($1.41) per share for the year, up from their prior estimate of ($1.45). Equities research analysts expect that Nabors Industries will post ($1.49) earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd.

05/03/2017 - Nabors Industries Ltd. had its "hold" rating reiterated by analysts at Jefferies. This represents a $0.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was set for Friday the 10th of March 2017.

The industry and sector ratio of Price to Cash Flow ticked at 7.64 and 9.99 respectively.

08/15/2017 - Nabors Industries Ltd. was upgraded to "buy" by analysts at Guggenheim. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and global trademark & copyright legislation. BidaskClub raised Nabors Industries from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th.

According to the the latest analyst ratings which have been released, 7 brokers have issued a rating of "buy", 12 brokers "outperform", 8 brokers "hold", 0 brokers "underperform" and 0 brokers "sell".

Ratings analysis reveals 77% of Nabors Industries Ltd.'s analysts are positive.

Since January 1, 0001, it had 2 buys, and 0 sales for $388,982 activity. Nabors Industries has a consensus rating of "Buy" and a consensus price target of $12.05.

Myriad Asset Management Ltd decreased Nabors Industries Ltd (NBR) stake by 83.39% reported in 2017Q2 SEC filing. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets. The Firm conducts its Drilling & Rig Services business through four divisions: U.S. After a recent look, we can see the current signal is Hold.

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