Analysts Showing Optimistic Trends For Nabors Industries Ltd. (NBR)


Commonwealth State Bank Of has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 92,261 shares. The company had Year Ago Sales of 519.73 Million.

For the Current Quarter, the growth estimate for Nabors Industries 5.7%, while for the Next Quarter the stock growth estimate is 6.7%.

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. The stock went down -0.13% at some stage in past quarter. Vanguard Group Inc. grew its holdings in shares of Nabors Industries by 4.8% in the 1st quarter.

On the other hand Nabors Industries (NYSE:NBR) has Relative Strength Index (RSI 14) of 46.43 along with Average True Range (ATR 14) of 0.32. Morgan Stanley now owns 18,787,378 shares of the oil and gas company's stock worth $245,552,000 after acquiring an additional 114,423 shares during the last quarter. Penn Cap Mgmt Incorporated stated it has 0.01% in Nabors Industries Ltd. (NYSE:NBR). The company was maintained on Tuesday, August 4 by Topeka Capital Markets. Frontier Wealth Management LLC lifted its holdings in Nabors Industries by 11.4% in the 2nd quarter. State Street Corp now owns 8,271,219 shares of the oil and gas company's stock worth $108,107,000 after acquiring an additional 177,254 shares during the last quarter. However, the institutional investors are observed to own 98.80% of the total shares.

Nabors Industries Ltd. has a 52 week low of $8.46 and a 52 week high of $18.40. (NYSE:NBR) opened at 7.51 on Wednesday. The stock of Nabors Industries Ltd. (NYSE:NBR) earned "Overweight" rating by CapitalOne on Monday, September 19. In looking the SMA 50 we see that the stock has seen a 2.60% while it has a distance of -32.11% from the 200 days simple moving average.

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Yesterday Nabors Industries (NYSE:NBR) traded -1.11% lower at $7.68. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. Return on Equity (ROE) stands at -23.2% and Return on Investment (ROI) of -8.5 percent. The firm's quarterly revenue was up 30.7% compared to the same quarter a year ago. They expect $-0.33 earnings per share, up 5.71% or $0.02 from last year's $-0.35 per share. Myriad Asset Management Ltd sold 99,400 shares as Nabors Industries Ltd (NBR)'s stock declined 31.29%.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, June 12th. Nabors Industries's dividend payout ratio is presently -7.92%.

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A number of equities research analysts recently commented on the stock. BMO Capital Markets maintained it with "Hold" rating and $1300 target in Wednesday, June 21 report.

Aristeia Capital Llc increased Nabors Industries Ltd (NBR) stake by 10.81% reported in 2017Q2 SEC filing. Bank of New York Mellon Corp now owns 14,125,222 shares of the oil and gas company's stock worth $184,617,000 after buying an additional 3,296,758 shares during the last quarter. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of "Buy" and an average target price of $12.05. Victory has invested 0.04% in Nabors Industries Ltd. (NYSE:NBR). The Company is a provider of directional drilling and measurement while drilling (MWD) systems and services. The Firm conducts its Drilling & Rig Services business through four divisions: U.S.