November 29, 2016 - By Marie Mckinney
Tudor Pickering gave Nabors Industries (NYSE:NBR) shares a new Buy rating in a an analyst note issued to investors and clients on Tuesday, 29 November. This is raise from the old Hold rating.
Out of 18 analysts covering Nabors Industries Ltd. (NYSE:NBR), 15 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 83% are positive. $17 is the highest target while $7 is the lowest. The $11.24 average target is -13.80% below today’s ($13.04) stock price. Nabors Industries Ltd. has been the topic of 54 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Sector Outperform” rating by Howard Weil on Monday, March 28. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Neutral” rating by Credit Suisse on Friday, September 4. The firm has “Buy” rating given on Thursday, September 15 by DA Davidson. CapitalOne upgraded the shares of NBR in a report on Monday, September 19 to “Overweight” rating. As per Friday, December 11, the company rating was upgraded by Citigroup. The rating was maintained by Citigroup on Friday, August 14 with “Neutral”. As per Wednesday, April 27, the company rating was maintained by Cowen & Co. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Sector Outperform” rating given on Tuesday, November 15 by Howard Weil. The firm has “Buy” rating given on Monday, November 30 by Guggenheim.
About 2.44M shares traded hands. Nabors Industries Ltd. (NYSE: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 EPS, down 50.00% or $0.11 from last year’s $-0.22 per share. After $-0.35 actual EPS 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 2016 Q2. Its up 0.37, from 0.89 in 2016Q1. The ratio increased, 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.
State Common Retirement Fund has 1.39M shares for 0.02% of their US portfolio. Credit Agricole S A, a France-based fund reported 26,623 shares. Pekin Singer Strauss Asset Management Il last reported 0.29% of its portfolio in the stock. The New Jersey-based Bessemer Incorporated has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Citadel Advsrs Limited has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Panagora Asset Mgmt Inc accumulated 606,738 shares or 0.03% of the stock. Putnam Invs Ltd Co has invested 0.03% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Engineers Gate Manager L P last reported 674,869 shares in the company. Janney Montgomery Scott Limited Co, a Pennsylvania-based fund reported 17,677 shares. Ls Lc, a Michigan-based fund reported 16,763 shares. Moreover, Amalgamated Bank & Trust has 0.02% invested in Nabors Industries Ltd. (NYSE:NBR) for 37,515 shares. Bollard Gru Ltd Co last reported 0.18% of its portfolio in the stock. The New York-based Van Eck Corp has invested 0.6% in Nabors Industries Ltd. (NYSE:NBR). Oakbrook Invs Ltd holds 0.01% or 25,600 shares in its portfolio.
Nabors Industries Ltd. owns and operates a land drilling rig fleet in North America. The company has a market cap of $3.49 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.”
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.
Another recent and important Nabors Industries Ltd. (NYSE:NBR) news was published by Fool.com which published an article titled: “Better Buy: Helmerich & Payne, Inc. vs. Nabors Industries Ltd.” on July 18, 2016.
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