Nabors Industries Ltd. (NYSE:NBR) Receives Average Recommendation of “Hold” from Analysts

Shares of Nabors Industries Ltd. (NYSE:NBRGet Free Report) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $119.67.

Several research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Nabors Industries from $88.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Benchmark reissued a “hold” rating on shares of Nabors Industries in a report on Thursday, April 25th.

Get Our Latest Stock Analysis on NBR

Nabors Industries Stock Up 1.9 %

Shares of Nabors Industries stock opened at $62.99 on Friday. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.53 and a current ratio of 1.78. The stock has a market capitalization of $673.99 million, a PE ratio of -4.56 and a beta of 2.27. Nabors Industries has a 52-week low of $59.90 and a 52-week high of $141.47. The company has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $79.53.

Nabors Industries (NYSE:NBRGet Free Report) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.24) by ($2.92). The firm had revenue of $743.91 million during the quarter, compared to analysts’ expectations of $730.59 million. Nabors Industries had a negative return on equity of 23.52% and a negative net margin of 3.45%. On average, analysts anticipate that Nabors Industries will post -5.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Nabors Industries by 5.1% during the first quarter. Vanguard Group Inc. now owns 819,113 shares of the oil and gas company’s stock valued at $70,550,000 after buying an additional 40,078 shares during the period. Gendell Jeffrey L grew its position in Nabors Industries by 10.1% during the first quarter. Gendell Jeffrey L now owns 436,442 shares of the oil and gas company’s stock valued at $37,591,000 after buying an additional 40,141 shares during the period. Goldman Sachs Group Inc. grew its position in Nabors Industries by 111.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company’s stock valued at $32,415,000 after buying an additional 209,450 shares during the period. Apollo Management Holdings L.P. grew its position in Nabors Industries by 64.6% during the first quarter. Apollo Management Holdings L.P. now owns 335,091 shares of the oil and gas company’s stock valued at $28,861,000 after buying an additional 131,490 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Nabors Industries by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 295,256 shares of the oil and gas company’s stock valued at $24,102,000 after buying an additional 13,324 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.

Nabors Industries Company Profile

(Get Free Report

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.

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Analyst Recommendations for Nabors Industries (NYSE:NBR)

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