Is there a Bearish outlook for Nabors Industries Ltd. (NYSE:NBR) this week?

May 16, 2018 - By Darrin Black

Nabors Industries Ltd. (NYSE:NBR) LogoInvestors sentiment increased to 1.36 in 2017 Q4. Its up 0.35, from 1.01 in 2017Q3. It improved, as 47 investors sold Nabors Industries Ltd. shares while 64 reduced holdings. 52 funds opened positions while 99 raised stakes. 264.81 million shares or 3.70% less from 274.98 million shares in 2017Q3 were reported.
Carlton Hofferkamp Jenks Wealth Mgmt Limited Liability Corp reported 13,550 shares. Advisory Network Limited Com has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 500 shares. Pekin Singer Strauss Asset Il owns 22,339 shares. Rhumbline Advisers holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 573,187 shares. Balyasny Asset Management Ltd Llc holds 0.04% or 2.10 million shares in its portfolio. 15 were accumulated by Exane Derivatives. Elm Ridge Mngmt Ltd Liability Corporation reported 886,316 shares. Northstar Asset Limited Com has invested 0.03% in Nabors Industries Ltd. (NYSE:NBR). Evercore Wealth Management Limited Liability Corp accumulated 562 shares or 0% of the stock. Virtu Lc stated it has 0.06% in Nabors Industries Ltd. (NYSE:NBR). State Of New Jersey Common Pension Fund D holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 420,000 shares. Barclays Public Limited Company holds 0% or 293,430 shares. Millennium Mngmt Ltd Llc holds 734,286 shares. Parametric Portfolio Associate Limited Liability Company has invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Jane Street Limited Liability invested in 495,495 shares or 0.01% of the stock.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 8 analysts covering Nabors Industries (NYSE:NBR), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Nabors Industries has $13.0 highest and $7.0 lowest target. $9.25’s average target is 13.64% above currents $8.14 stock price. Nabors Industries had 9 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Thursday, January 11. On Wednesday, January 17 the stock rating was maintained by Seaport Global with “Buy”. The rating was maintained by Citigroup on Tuesday, May 8 with “Buy”. The company was maintained on Wednesday, April 11 by Morgan Stanley. The firm earned “Hold” rating on Monday, January 15 by BMO Capital Markets. J.P. Morgan downgraded it to “Hold” rating and $9.0 target in Wednesday, January 17 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, December 21. The stock has “Buy” rating by Cowen & Co on Friday, April 13. Below is a list of Nabors Industries Ltd. (NYSE:NBR) latest ratings and price target changes.

08/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $9.5 New Target: $10 Maintain
13/04/2018 Broker: Cowen & Co Rating: Buy New Target: $10.0000 Maintain
11/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $8.5 New Target: $9 Maintain
17/01/2018 Broker: Seaport Global Rating: Buy New Target: $13.0 Maintain
17/01/2018 Broker: J.P. Morgan Rating: Hold New Target: $9.0 Downgrade
15/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $7.0 Maintain
11/01/2018 Broker: Cowen & Co Rating: Buy New Target: $9.0 Maintain
10/01/2018 Broker: Stephens Rating: Equal-Weight New Target: $8 Initiates Coverage On
21/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $8.0 Maintain

The stock increased 1.37% or $0.11 during the last trading session, reaching $8.14. About 14.90M shares traded or 59.11% up from the average. Nabors Industries Ltd. (NYSE:NBR) has declined 42.31% since May 16, 2017 and is downtrending. It has underperformed by 53.86% the S&P500.

Nabors Industries Ltd. provides drilling and rig services. The company has market cap of $2.87 billion. The firm offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and It provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to gas and oil exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rigÂ’s real-time performance and offers daily reporting for drilling operations; and DRILLSMART software that allows the drilling system to adapt to operating parameters and drilling conditions. It currently has negative earnings. The firm also provides measurement while drilling systems and services; makes and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment; and offers well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, data collection, and other support services.

Nabors Industries Ltd. (NYSE:NBR) Ratings Chart

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