Stock on the Move: Nabors Industries Ltd. (NYSE:NBR)

Citigroup Inc reiterated their buy rating on shares of Nabors Industries Ltd. (NYSE:NBR) in a research report released on Wednesday, May 10th.

NBR has been the subject of several other research reports. The stock now has Monthly Volatility of 2.57% and Weekly Volatility of 3.52%.

Some buy side analysts are also providing their Analysis on Nabors Industries Ltd., where 9 analysts have rated the stock as Strong buy, 14 analysts have given a Buy signal, 6 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Finally, Jefferies Group LLC reissued a hold rating and set a $15.00 target price on shares of Nabors Industries in a research report on Wednesday, March 22nd. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets.

Credit Suisse Group AG set a $18.00 price target on Nabors Industries and gave the company a "buy" rating in a report on Sunday, April 30th. The stock exchanged hands with 12.50 million shares contrast to its average daily volume of 8.73 million shares. The stock appeared -45.16% below its 52-week highs and is up 2.45% for the last five trades. Nabors Industries has a one year low of $7.61 and a one year high of $18.40. Nabors Industries also was the target of unusually large options trading on Wednesday. HAP Trading LLC now owns 94,146 shares of the oil and gas company's stock worth $1,145,000 after buying an additional 34,216 shares during the period. Investors acquired 17,990 call options on the stock. For the next 5 years, Nabors Industries expecting Growth of 7% per annum, whereas in the past 5 years the growth was -20.45% per annum. The oil and gas company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $0.16. The company now has a Return on Equity (ROE) of -23.50% and a Return on Investment (ROI) of -8.50%. Eight analysts have made estimates for Nabors Industries' earnings, with estimates ranging from $563 million to $627 million. During the same quarter in the previous year, the business earned ($0.29) EPS. The company's past year sales total was 571.59 Million. Point72 Asia Hong Kong Ltd raised its position in shares of Nabors Industries by 92.2% in the first quarter. The Market Capitalization of the company stands at 3.39 Billion. If you are accessing this report on another domain, it was copied illegally and reposted in violation of US and global trademark and copyright laws. The correct version of this piece can be accessed at

In other Nabors Industries news, CFO William J. Restrepo bought 22,000 shares of Nabors Industries stock in a transaction dated Thursday, May 4th.

In the trailing 12 months period, return on assets ratio of the Company was -9.70% and return on equity ratio was -23.50% while its return on investment ratio was -8.50%. Company insiders own 3.53% of the company's stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Alyeska Investment Group L.P. now owns 2,498,033 shares of the oil and gas company's stock worth $40,968,000 after buying an additional 1,127,415 shares in the last quarter. Following the completion of the transaction, the chief financial officer now owns 939,694 shares in the company, valued at approximately $8,861,314.42. TFS Capital LLC acquired a new stake in shares of Nabors Industries during the first quarter worth $647,000. The stock has 344.91 shares outstanding while 86.40% shares of the company were owned by institutional investors. Point72 Asia Hong Kong Ltd now owns 11,262 shares of the oil and gas company's stock worth $147,000 after buying an additional 5,401 shares during the last quarter.

  • Zachary Reyes