Published: Fri, May 19, 2017
Money | By Armando Alvarado

Most Recent Analysts Ratings Nabors Industries Ltd. (NBR)


Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading. This represents an increase of approximately 812% compared to the average daily volume of 1,381 put options.

P/E of the company is not reported. Analysts have placed a $17.02 price target on Nabors Industries Ltd., suggesting a 68.35% gain from recent close. Nabors Industries now has an average rating of Buy and an average price target of $16.31.

02/22/2017 - Nabors Industries Ltd. had its "buy" rating reiterated by analysts at Evercore ISI. Finally, Credit Suisse Group AG restated a "buy" rating and issued a $21.00 target price on shares of Nabors Industries in a research note on Thursday, March 30th. The percentage of stocks meeting price targets is 55%. BRC Investment Management LLC acquired a new stake in shares of Nabors Industries during the third quarter valued at about $719,000. The company now has an average rating of "Buy" and an average price target of $16.31.

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Yet another important factor while evaluating a good buy/sell decision for Nabors Industries Ltd. (NBR) is its Earnings per Share or EPS. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets.

On the last trading day, Nabors Industries Ltd. (NBR) gained 0.7% closing at the price of $10.11 while the previous close of NBR was $10.04. Nabors Industries Ltd. had 66 analyst reports since August 6, 2015 according to SRatingsIntel. Over the last week of the month, it was -0.41%, -35.84% over the last quarter, and -26.75% for the past six months. The oil and gas company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.16. Nabors Industries had a negative return on equity of 8.04% and a negative net margin of 36.84%. The business had revenue of $563 million during the quarter, compared to analyst estimates of $569.96 million. They expect $-0.32 EPS, down 23.08 % or $0.06 from last year's $-0.26 per share. The business's quarterly revenue was up 30.7% on a year-over-year basis. Analysts have a mean recommendation of 2.00 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). Scotiabank reaffirmed a buy rating and issued a $22.00 price target on shares of Nabors Industries in a report on Wednesday, March 22nd. The stock was purchased at an average cost of $9.43 per share, with a total value of $207,460.00. Following the completion of the transaction, the chief financial officer now directly owns 939,694 shares of the company's stock, valued at $8,861,314.42. The stock declined 3.57% or $3.28 reaching $88.57 on the news. On Thursday, October 27 the stock rating was maintained by RBC Capital Markets with "Sector Perform". BlackRock Institutional Trust Company N.A. boosted its position in Nabors Industries by 13.5% in the third quarter. BlackRock Group LTD now owns 411,572 shares of the oil and gas company's stock worth $5,004,000 after buying an additional 41,115 shares during the period. BlackRock Investment Management LLC boosted its stake in Nabors Industries by 1.0% in the third quarter. While it's Return on Investment (ROI) value is -8.5%. Canada Pension Plan Investment Board raised its stake in shares of Nabors Industries by 6.5% in the third quarter. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Ameriprise Financial Inc. now owns 2,088,714 shares of the oil and gas company's stock worth $25,387,000 after buying an additional 293,379 shares during the period. Institutional investors and hedge funds own 93.88% of the company's stock.

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