The share price of the company (NYSE:NBR) was down -2.21%, with a high of 7.92 during the day and the volume of Nabors Industries Ltd. shares traded was 6996181. Caxton Associates LP purchased a new position in shares of Nabors Industries in the 2nd quarter valued at about $10,277,000. They now have a United States dollars 7 price target on the stock.
Nabors Industries Ltd. (NBR) stock price fell -41.92 percent over the past one year, while decreased -47.04 percent during the past 6 months.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Vanguard Group Inc. grew its holdings in shares of Nabors Industries by 4.8% in the 1st quarter. The Company provides wellbore placement services, drilling software and performance tools, drilling equipment and various technologies throughout the oil and gas markets. Susquehanna International Grp Incorporated Limited Liability Partnership stated it has 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). These ratios are important while doing valuation of the company or the shares of the company. Bank of New York Mellon Corp boosted its stake in Nabors Industries by 30.4% in the first quarter. New York-based Tower Rech Capital Ltd Limited Liability Company (Trc) has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Nabors Industries by 3.3% in the 2nd quarter.
Want to see what other hedge funds are holding NBR? Nabors Industries has a 12-month low of $6.18 and a 12-month high of $18.40. (NYSE:NBR), 24 have Buy rating, 0 Sell and 7 Hold. The market capitalization of the company is at $2.07 Billion. The stock's 50 day moving average is $7.36 and its 200 day moving average is $8.78. Restrepo William J also bought $207,460 worth of Nabors Industries Ltd. (NYSE:NBR) shares. The business had revenue of $630.50 million during the quarter, compared to analysts' expectations 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. Next quarter's EPS is expected be $-0.28 and the next full year EPS is projected to be $-0.63.
On average, equities research analysts predict that Nabors Industries Ltd. will post ($1.49) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Days to cover decreased from 4.0 to 3.0 and the percentage of shorted shares is 0.10% as of September 29. The dividend payment was $0.060 per share for the quarter which comes to $0.24 on an annualized basis. The ex-dividend date of this dividend was Monday, September 11th. Nabors Industries's payout ratio is now -9.41%.
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Nabors Industries (NBR) traded down 1.35% during midday trading on Tuesday, reaching $7.30. "Issued By Capital One Financial Corporation (NBR)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes.
09/13/2017 - Nabors Industries Ltd. had its "buy" rating reiterated by analysts at Citigroup. Allianz Asset Management AG boosted its stake in Nabors Industries by 1,334.8% in the fourth quarter. The stock of Nabors Industries Ltd. (NYSE:NBR) has "Buy" rating given on Thursday, August 10 by Credit Suisse.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company.
On September 13 Citigroup made no change to the company rating of "Buy" and moved down the price target to $8.00 from $14.00.
Many analysts are providing their Estimated Earnings analysis for Nabors Industries Ltd. and for the current quarter 25 analysts have projected that the stock could give an Average Earnings estimate of $-0.33/share. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple global markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. It turned negative, as 50 investors sold NBR shares while 92 reduced holdings.