Rating Reporting: Is Tudor Pickering Very Positive For Nabors Industries (NBR) After Its Upgrade?

November 29, 2016 - By Peter Kolinski

Rating Reporting:  Is Tudor Pickering Very Positive For Nabors Industries (NBR) After Its Upgrade?

Nabors Industries (NBR) Upgrade

In a a report shared with investors and clients on Tuesday, 29 November, analysts at Tudor Pickering’s equity research division increased Nabors Industries (NBR)‘s stock from a Hold to Buy.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Out of 2 analysts covering Nabors Industries (NBR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Nabors Industries has been the topic of 2 analyst reports since September 19, 2016 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Monday, September 19 by CapitalOne. Howard Weil maintained the stock with “Sector Outperform” rating in Tuesday, November 15 report.

About 3.51M shares traded hands. Nabors Industries Ltd. (NBR) has risen 44.39% since April 26, 2016 and is uptrending. It has outperformed by 39.13% the S&P500.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on February, 21. They expect $-0.33 earnings per share, down 50.00% or $0.11 from last year’s $-0.22 per share. After $-0.35 actual earnings per share reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -5.71% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.37, from 0.89 in 2016Q1. The ratio improved, as 28 funds sold all Nabors Industries Ltd. shares owned while 106 reduced positions. 34 funds bought stakes while 85 increased positions. They now own 259.64 million shares or 0.48% more from 258.40 million shares in 2016Q1.

Spot Trading Ltd reported 9,265 shares or 0% of all its holdings. Voya Mgmt Ltd Liability Corporation, a Georgia-based fund reported 324,909 shares. Quantbot Technology L P holds 0.08% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 76,186 shares. Da Davidson & has 200 shares for 0% of their US portfolio. Deutsche Bank Ag holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 1.67M shares. Advisors Asset Mgmt Inc last reported 138,409 shares in the company. Moreover, Brown Cap Ltd Liability has 0.11% invested in Nabors Industries Ltd. (NYSE:NBR) for 718,901 shares. Moreover, Renaissance Techs Lc has 0.05% invested in Nabors Industries Ltd. (NYSE:NBR) for 2.84M shares. Ajo Limited Partnership holds 0.31% or 6.84M shares in its portfolio. The Texas-based Qcm Cayman has invested 0.06% in Nabors Industries Ltd. (NYSE:NBR). Moreover, Northern Trust has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 2.46 million shares. Rbf Limited Liability Corporation owns 141,648 shares or 0.28% of their US portfolio. Moreover, Integral Derivatives Ltd Liability Co has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 15,837 shares. Hutchin Hill Cap Lp accumulated 0% or 13,800 shares. Profund Limited Liability Corporation accumulated 78,579 shares or 0.04% of the stock.

Nabors Industries Ltd. owns and operates a land drilling rig fleet in North America. The company has a market cap of $3.46 billion. The Firm is a well-known provider of offshore platform work over and drilling rigs. It currently has negative earnings. It conducts its Drilling & Rig Services business through four divisions: U.S.

According to Zacks Investment Research, “Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business, it offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets.”

NBR Company Profile

Nabors Industries Ltd., incorporated on December 11, 2001, owns and operates a land drilling rig fleet in North America. The Firm is a well-known provider of offshore platform work over and drilling rigs in the United States and multiple international markets. The Firm conducts its Drilling & Rig Services business through four divisions: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company’s fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land drilling activities in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling activities in the United States and multiple international markets. The Firm provides drilling technology and equipment, and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. In addition, the Company makes and leases or sells top drives and other rig equipment.

More news for Nabors Industries Ltd. (NYSE:NBR) were recently published by: Fool.com, which released: “Better Buy: Helmerich & Payne, Inc. vs. Nabors Industries Ltd.” on July 18, 2016. Prnewswire.com‘s article titled: “Nabors Industries Ltd. First Quarter 2016 Earnings Conference Call Invitation” and published on April 01, 2016 is yet another important article.

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