Featured Stock: Nabors Industries Ltd. (NBR)

Deutsche Bank AG reiterated their buy rating on shares of Nabors Industries Ltd. (NYSE:NBR) in a research report released on Tuesday. Goldman Sachs Group Inc downgraded shares of Nabors Industries from a conviction-buy rating to a buy rating and raised their target price for the company from $17.50 to $18.00 in a report on Friday, April 28th.

Nabors Industries Ltd. (NBR) has been given an average price target of $10.21 from analysts, according to data collected by Finviz.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tortoise Capital Advisors Llc acquired 50,353 shares as Nabors Industries Ltd (NBR)'s stock declined 31.29%. 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.

Myriad Asset Management Ltd decreased Nabors Industries Ltd (NBR) stake by 83.39% reported in 2017Q2 SEC filing. The dividend payment was $0.060 per share for the quarter which comes to $0.24 on an annualized basis. Finally, Royal Bank Of Canada reaffirmed a "buy" rating on shares of Nabors Industries in a research note on Tuesday, June 20th. Bank of New York Mellon Corp now owns 16,440,910 shares of the oil and gas company's stock worth $133,828,000 after acquiring an additional 2,315,688 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Nabors Industries by 1.9% in the fourth quarter. Overall, 8.6 Million shares exchanged hands versus its average trading volume of 7.96 Million shares.

The company now has an insider ownership of 1.7 Percent and Institutional ownership of 98.8 Percent. The stock touched 52-week High of $18.40 on 01/06/17 and 52-week Low of $6.18 on 08/16/17. (NYSE:NBR), 24 have Buy rating, 0 Sell and 7 Hold.

What Historical Figures Say About Nabors Industries Ltd. The firm has a 50-day moving average price of $7.34 and a 200-day moving average price of $8.79. Point72 Asset Limited Partnership has invested 0.13% in Nabors Industries Ltd. (NYSE:NBR).

In the latest earnings report the EPS was $-2.57 and is estimated to be $-1.49 for the current year with 285,816,000 shares presently outstanding. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. However it has a net margin of -33.60%. Average estimation for the current quarter has been provided by 26 analysts. During the same period in the prior year, the firm posted ($0.35) EPS.

The consensus analysts recommendation at this point stands at 2.10 on Nabors Industries Ltd. (NYSE:NBR).

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Wednesday, June 14th will be given a $0.06 dividend. Days to cover decreased from 4.0 to 3.0 and the percentage of shorted shares is 0.10% as of September 29. Argus Research maintained the shares of NBR in report on Monday, September 21 with "Buy" rating. Nabors Industries's payout ratio is now -9.41%.

COPYRIGHT VIOLATION NOTICE: This article was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this news story on another website, it was stolen and republished in violation of U.S. & global copyright & trademark laws. The legal version of this news story can be read at https://weekherald.com/2017/10/11/wells-fargo-company-mn-sells-41504-shares-of-nabors-industries-ltd-nbr.html. Citigroup Inc restated a buy rating on shares of Nabors Industries in a report on Wednesday, May 10th. In current trading day Commercial Metals Company (CMC) stock confirmed the flow of 1.54% with the final price of $20.41.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. KBC Group NV now owns 423,891 shares of the oil and gas company's stock worth $5,540,000 after buying an additional 56,564 shares during the period. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since October 11, 2016 and is uptrending. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple worldwide markets.

Related Articles