Nabors Industries Ltd. (NBR) Short Interest Up 28.2% in May
- Author: Zachary Reyes Jun 16, 2017,
Jun 16, 2017, 20:13
Equities analysts predict that Nabors Industries Ltd. will post ($1.33) earnings per share for the current year.
Several other hedge funds have also bought and sold shares of NBR. Coconut Grove Bank boosted its stake in shares of Nabors Industries by 47.1% in the first quarter. The institutional investor held 1.98 million shares of the oil & gas production company at the end of 2016Q4, valued at $32.49M, down from 2.65 million at the end of the previous reported quarter. The California-based Aperio Group Ltd Llc has invested 0.02% in Nabors Industries Ltd. (NYSE:NBR). CSS LLC IL purchased a new stake in Nabors Industries during the third quarter worth approximately $146,000.
On the other hand Shares of Centurylink Inc (NYSE:CTL), inclined 0.26% and closed at $27.31 in the last trading session. (NYSE:NBR), 23 have Buy rating, 0 Sell and 2 Hold. (AUY) has the trading volume of 26.73 Million shares with the average trading volume of 13860 shares. The company has market cap of $2.23 billion.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, NBR earned gross profit of 2.31 Billion, in 2015 1.5 Billion gross profit, while in 2016 Nabors Industries Ltd. (NBR) produced 884.72 Million profit. The company has a 50-day moving average price of $9.41 and a 200-day moving average price of $13.65. Nabors Industries also was the recipient of unusually large options trading activity on Tuesday. The stock decreased 4.34% or $0.37 on June 15, reaching $8.15. Traders purchased 24,742 call options on the stock. Brick And Kyle Associate has 0% invested in Nabors Industries Ltd. (NYSE:NBR). The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by $0.16. Nabors Industries had a negative return on equity of 11.57% and a negative net margin of 36.49%. The company had revenue of $563 million during the quarter, compared to analysts' expectations of $569.96 million. Equities analysts expect that Nabors Industries will post ($1.34) earnings per share for the current fiscal year. The business's revenue was up 30.7% on a year-over-year basis.
Now the shares of Nabors Industries Ltd. (NBR) has a trading volume of 9.03 Million shares, with an average trading volume of 9090 shares - with shares dropping to a 52 week low of $7.90, and the company's shares hitting a 52 week high of $ 18.40. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.94%. Solotar Joan had sold 30,500 shares worth $1.02M on Monday, June 5.
Nabors Industries has increased its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.
TRADEMARK VIOLATION NOTICE: This story was first posted by Stock Observer and is the property of of Stock Observer. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of worldwide copyright laws. The stock of Nabors Industries Ltd. (NYSE:NBR) earned "Overweight" rating by Morgan Stanley on Tuesday, April 19.
NBR has been the subject of a number of recent research reports. Finally, Evercore ISI started coverage on Nabors Industries in a report on Wednesday, February 22nd. They issued a "buy" rating and a $20.00 price target for the company. Jefferies Group LLC set a $12.00 price target on shares of Nabors Industries and gave the stock a "hold" rating in a research report on Tuesday, June 6th. Finally, TheStreet lowered Nabors Industries from a "c-" rating to a "d+" rating in a research note on Monday, March 27th. The 6 month volatility is 46.276800, and the 3 month is spotted at 54.770600. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Following the completion of the transaction, the chief financial officer now directly owns 959,694 shares in the company, valued at approximately $7,917,475.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since June 15, 2016 and is uptrending.