Stock under Consideration: Nabors Industries (NBR)

This is an increase of approximately 222% compared to the average daily volume of 7,687 call options.

NBR's stock has received different recommendations from Financial Analysts, according to data provided by FactSet. For our stock under consideration here, Nabors Industries Ltd. (NBR) has distance from 20 Day SMA is -9.91% while its distance from 50 day SMA is -22.51%. Deutsche Bank maintained the shares of NBR in report on Monday, November 2 with "Buy" rating. Tcw Group Inc Inc holds 5.30 million shares. (The) downgraded Nabors Industries from a "conviction-buy" rating to a "buy" rating and boosted their target price for the stock from $17.50 to $18.00 in a research report on Friday, April 28th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Two analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company's stock. The Return on Investment (ROI) ratio of Nabors Industries Ltd. (NBR) is -8.5 percent. Restrepo William J also bought $207,460 worth of Nabors Industries Ltd. (NYSE:NBR) shares. This figure is found by taking the postscript price and multiplying it by the total number of shares outstanding. The Company has 52-week high of $18.40 and 52-week low of $7.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. As per Wednesday, January 4, the company rating was upgraded by Credit Suisse. Tyers Asset Management LLC acquired a new stake in Nabors Industries during the fourth quarter valued at about $187,000. However a year ago for the same quarter the company has reported $-0.26 EPS. Jefferies Group LLC reissued a "hold" rating and set a $15.00 price objective on shares of Nabors Industries in a research note on Wednesday, March 22nd. The fund bought 19,060 shares of the oil and gas company's stock, valued at approximately $249,000. Morgan Stanley raised its stake in shares of Nabors Industries by 0.6% in the first quarter. Sandy Spring Financial Bank has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 130 shares. 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 period. Sterling Management Ltd Liability Com has invested 0.03% in Nabors Industries Ltd. (NYSE:NBR). The company's market capitalization is $2.33 billion.

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.

The company's Average Earnings Estimate for the Current Fiscal quarter is $-0.35, according to consensus of 24 analysts. Net profit margin of Nabors Industries Ltd. (NBR) was recorded at -36.8 percent, operating profit margin was -30 percent, while gross profit margin stands at 37.7 percent. The firm had revenue of $563 million during the quarter, compared to the consensus estimate of $569.96 million. (AUY) is its Earnings per Share or EPS. The stock inclined 0.37% last month and is up 30.20 this year. Looking out over a next 5-year period, analysts expect the company to see its earnings go up by 7.00%, annually.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Pub Employees Retirement Association Of Colorado invested in 0.01% or 64,302 shares.

Since February 8, 2017, it had 0 buys, and 4 insider sales for $21.50 million activity. The ex-dividend date is Monday, June 12th.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another website, it was illegally stolen and republished in violation of US and global copyright & trademark legislation. Moreover, Corecommodity Ltd Liability has 0.2% invested in Nabors Industries Ltd. (NYSE:NBR) for 13,609 shares. This shortfall consisted primarily of lost revenues and higher costs related to the accelerated inspection and recertification of key structural components on a majority of the rigs in our largest global market and, to a lesser extent, higher than expected rig reactivation and relocation costs due to the rapid increase in demand for our USA lower 48 rigs.