Quarterly Financial Review of Nabors Industries Ltd. (NYSE:NBR)

The stock has Return on Assets (ROA) of -9.7 percent. Discovery Capital Management LLC CT bought a new position in shares of Nabors Industries during the fourth quarter worth about $124,125,000. Wright Investors Service Inc. acquired a new position in Nabors Industries during the first quarter valued at $161,000. ZAYO share have plunged by -3.32% in percentage terms since the start of the year - and retreated -8.71% in the last month. Alyeska Investment Group L.P. boosted its stake in shares of Nabors Industries by 82.3% in the fourth quarter. Fore Research & Management LP bought a new stake in shares of Nabors Industries during the first quarter valued at about $326,000. Jefferies Group LLC dropped their target price on shares of Nabors Industries from $15.00 to $11.50 and set a "hold" rating for the company in a report on Wednesday, May 3rd. Royal Financial Bank Of Canada holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 773,032 shares. Institutional investors and hedge funds own 93.88% of the company's stock. The last session's volume of 19.21 million shares was higher than its average volume of 9.97 million shares. About shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since May 30, 2016 and is uptrending. Rbf Capital Llc acquired 8,000 shares as Ctrip Com Intl Ltd (CTRP)'s stock rose 23.06%. The stock's price moved down its 200-day moving average of $12.89. The company has market cap of $2.88 billion. The stock touched 52-week High of $18.40 on 01/06/17 and 52-week Low of $8.46 on 08/02/16. Also Benzinga.com published the news titled: "Najarian Brothers See Unusual Options Activity In Nabors Industries And ..." on May 24, 2017.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.36) by $0.16. The company beat the analyst EPS Estimate with the difference of $-0.13. Company shares have been seen trading -51.98% off of the 52 week high and 4.43% away from the 52 week low. Nabors Industries's revenue was up 30.7% compared to the same quarter a year ago. During the same period in the prior year, the business earned ($0.29) EPS.

The Stock now has a consensus recommendation of 2.40. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, June 12th. The stock, after opening at $8.92, closed at $8.75 by scoring -2.02%. Georgia-based Earnest Prtn Limited Co has invested 0% in Nabors Industries Ltd. (NYSE:NBR). State Board Of Administration Of Florida Retirement invested 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright laws.

Several analysts recently issued reports on NBR shares.

NBR has been the topic of a number of analyst reports. Argus Research maintained the stock with "Buy" rating in Monday, September 21 report.

The consensus recommendation, according to Zacks Investment research, is 1.35. If the $7.98 price target is reached, the company will be worth $109.20M less. Credit Suisse Group AG reiterated a "buy" rating and set a $21.00 target price on shares of Nabors Industries in a report on Thursday, March 30th. Finally, Evercore ISI initiated coverage on Nabors Industries in a research note on Wednesday, February 22nd. At the time of writing, the First Call consensus price target for the company is $6.50. (NYSE:NBR), 23 have Buy rating, 0 Sell and 2 Hold. With 6.23M shares average volume, it will take short sellers 4 days to cover their NBR's short positions. 22,000 shares valued at $207,460 were bought by Restrepo William J on Thursday, May 4. Following the completion of the purchase, the chief financial officer now directly owns 939,694 shares in the company, valued at $8,861,314.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nabors Industries Ltd. owns and operates a land drilling rig fleet. BMO Capital Markets set a $13.00 price objective on Nabors Industries and gave the company a hold rating in a research report on Saturday, May 6th.

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