The stock of Nabors Industries Ltd. (NYSE:NBR) is a huge mover today! About 7.04M shares traded hands. Nabors Industries Ltd. (NYSE:NBR) has risen 61.64% since February 26, 2016 and is uptrending. It has outperformed by 51.22% the S&P500.
The move comes after 6 months positive chart setup for the $3.61 billion company. It was reported on Oct, 1 by Barchart.com. We have $16.92 PT which if reached, will make NYSE:NBR worth $1.41B more.
Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on October, 25. They expect $-0.36 EPS, down 157.14% or $0.22 from last year’s $-0.14 per share. After $-0.26 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts 38.46% negative EPS growth.
Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage
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. Nabors Industries Ltd. has been the topic of 52 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by DA Davidson with “Buy” on Thursday, September 15. The firm has “Sector Perform” rating by Howard Weil given on Thursday, October 8. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Positive” rating by Susquehanna on Wednesday, March 9. Cowen & Co maintained it with “Outperform” rating and $11 target price in Wednesday, April 27 report. The firm has “Market Perform” rating given on Monday, August 10 by BMO Capital Markets. The firm has “Sector Outperform” rating by Howard Weil given on Monday, March 28. As per Monday, September 21, the company rating was maintained by Argus Research. The rating was maintained by Howard Weil with “Sector Perform” on Monday, November 2. Citigroup maintained the stock with “Buy” rating in Friday, March 18 report. The stock has “Strong Buy” rating given by Raymond James on Wednesday, April 27.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.10, from 0.99 in 2016Q1. The ratio dropped, 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.
Opportunities Cap Mgmt holds 1.15% or 378,435 shares in its portfolio. Voya Investment Mgmt Ltd Liability Corp last reported 0.01% of its portfolio in the stock. Timber Hill Ltd holds 0.01% or 135,722 shares in its portfolio. Tcw Group Inc owns 5.78 million shares or 0.44% of their US portfolio. Capstone Advsr Ltd Co accumulated 36,300 shares or 0.01% of the stock. Hexavest holds 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 13,966 shares. State Of Tennessee Treasury Department holds 0.01% or 260,000 shares in its portfolio. Blackrock Institutional Tru Na has 9.09 million shares for 0.01% of their US portfolio. Northern holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 2.46M shares. Nuveen Asset Limited Liability Co last reported 219,211 shares in the company. State Of Wisconsin Investment Board has 179,469 shares for 0.01% of their US portfolio. Profund Advsrs Ltd last reported 0.04% of its portfolio in the stock. Teachers Retirement Of The State Of Kentucky accumulated 0.01% or 63,100 shares. The California-based Rbf Cap Limited has invested 0.28% in Nabors Industries Ltd. (NYSE:NBR). Millennium Mgmt Limited Liability accumulated 388,629 shares or 0.01% of the stock.
Insider Transactions: Since April 28, 2016, the stock had 1 buy, and 0 selling transactions for $146,769 net activity. On Thursday, April 28 WOLF HOWARD bought $146,769 worth of the stock or 15,000 shares.
More news for Nabors Industries Ltd. (NYSE:NBR) were recently published by: Prnewswire.com, which released: “Nabors Industries Ltd. Third Quarter 2016 Earnings Conference Call Invitation” on September 29, 2016. Fool.com‘s article titled: “Better Buy: Helmerich & Payne, Inc. vs. Nabors Industries Ltd.” and published on July 18, 2016 is yet another important article.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.