9 hours Ago By ABMN Staff
Invesco Ltd. cut its stake in shares of Nabors Industries Ltd. ( NYSE:NBR – Free Report ) by 21.
0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,012 shares of the oil and gas company’s stock after selling 33,459 shares during the quarter. Invesco Ltd.
owned 1.18% of Nabors Industries worth $7,204,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also added to or reduced their stakes in the stock.
Barclays PLC boosted its position in Nabors Industries by 60.8% in the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock valued at $7,241,000 after buying an additional 42,483 shares in the last quarter.
Bryce Point Capital LLC acquired a new stake in shares of Nabors Industries during the 4th quarter valued at $556,000. Proficio Capital Partners LLC bought a new stake in Nabors Industries during the 4th quarter worth $664,000. HighTower Advisors LLC raised its position in Nabors Industries by 152.
8% in the fourth quarter. HighTower Advisors LLC now owns 27,727 shares of the oil and gas company’s stock valued at $1,585,000 after purchasing an additional 16,761 shares during the last quarter. Finally, American Century Companies Inc.
boosted its stake in shares of Nabors Industries by 12.0% during the fourth quarter. American Century Companies Inc.
now owns 285,815 shares of the oil and gas company’s stock valued at $16,340,000 after purchasing an additional 30,537 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Nabors Industries from $90.00 to $53.
00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on shares of Nabors Industries from $115.00 to $75.
00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, Susquehanna reduced their price objective on shares of Nabors Industries from $45.00 to $32.
00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.
17. Nabors Industries Price Performance Shares of NYSE NBR opened at $29.53 on Friday.
The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.
95. The company has a market capitalization of $283.61 million, a PE ratio of -1.
32 and a beta of 1.49. The firm has a fifty day simple moving average of $37.
48 and a 200 day simple moving average of $56.52. Nabors Industries Ltd.
has a twelve month low of $25.11 and a twelve month high of $105.96.
Nabors Industries ( NYSE:NBR – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.
86) by ($4.81). Nabors Industries had a negative net margin of 5.
93% and a negative return on equity of 32.96%. On average, sell-side analysts forecast that Nabors Industries Ltd.
will post -6.22 EPS for the current year. Nabors Industries Company Profile ( Free Report ) Nabors Industries Ltd.
provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S.
Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. See Also Receive News & Ratings for Nabors Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nabors Industries and related companies with MarketBeat.
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