Nabors Industries Ltd. (NBR) Holdings Cut by Sirios Capital Management LP

Rodiano Bonacci
Dicembre 14, 2017

Nabors Industries (NBR) traded down $0.01 during mid-day trading on Tuesday, hitting $6.01. Capstone Asset Management Co. now owns 23,571 shares of the oil and gas company's stock worth $192,000 after acquiring an additional 220 shares during the period.

On the other hand Nabors Industries (NYSE:NBR) has Relative Strength Index (RSI 14) of 45.73 along with Average True Range (ATR 14) of 0.28. Vanguard Group Inc. raised its position in shares of Nabors Industries by 4.8% in the first quarter. The firm offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and It provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to gas and oil exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rigÂ's real-time performance and offers daily reporting for drilling operations; and DRILLSMART software that allows the drilling system to adapt to operating parameters and drilling conditions. The firm earned "Buy" rating on Thursday, July 20 by RBC Capital Markets. Institutional investors and hedge funds own 97.71% of the company's stock.

NBR has been the topic of several research reports. They set a "hold" rating and a $7.00 price target for the company. Nabors Industries Ltd. (NBR) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $12.50 price target on shares of Nabors Industries in a research note on Wednesday, September 6th. BMO Capital Markets restated a "hold" rating and set a $8.00 price target on shares of Nabors Industries in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the stock. In looking the SMA 50 we see that the stock has seen a -6.29% while it has a distance of -30.90% from the 200 days simple moving average. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nabors Industries Ltd. and related companies with MarketBeat.com's FREE daily email newsletter. That's a potential 43.26 gain from where (NYSE:NBR) has been trading recently. The stock traded with the average Volume of 10.38 Million at the end of last session.

Nabors Industries (NYSE:NBR) 52-week high price stands at $18.40 and low price stands at $5.32, its price distance from 52-week high is -67.34% while its distance from 52-week low price is 12.97%. The Q.i. Value is a helpful tool in determining if a company is undervalued or not. Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). Looking further, Nabors Industries Ltd. (NYSE:NBR) has a Gross Margin score of 33.00000. The business had revenue of $662.50 million for the quarter, compared to analysts' expectations of $674.03 million. The lower the Q.i. value, the more undervalued the company is thought to be. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.38, while the High earnings estimate is $-0.26.Comparatively, EPS for the same quarter a year ago was $-0.16.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.24 annualized dividend and a yield of 3.99%.

Arosa Capital Management Lp decreased Nabors Industries Ltd (NBR) stake by 28.65% reported in 2017Q2 SEC filing. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright law. The Volatility 12m of Nabors Industries Ltd. (NYSE:NBR) is 49.805600.

Nabors Industries Ltd. provides drilling and rig services. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets.

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