Published: Mon, June 26, 2017
Markets | By Noel Gibbs

Nabors Industries Ltd. (NYSE:NBR) closed with a change of 3.01%


Micron Technology Inc. had 13 analyst reports since March 1, 2017 according to SRatingsIntel. Large ranges indicate high volatility and small ranges indicate low volatility. For the quarter, shares have been noted at -36.58%. The business is expected to report its next quarterly earnings results on Tuesday, August 1st.

In terms of Buy, Sell or Hold recommendations, Nabors Industries (NYSE:NBR) has analysts' mean recommendation of 2.

Sg Americas Securities Limited Liability Corp holds 14,550 shares or 0% of its portfolio. Friess Llc invested 1.58% of its portfolio in Nabors Industries Ltd. (NYSE:NBR).

Average Revenue Estimate for the current quarter is $592.66 Million, according to consensus forecast of 18 analysts. Nabors Industries's quarterly revenue was up 30.7% on a year-over-year basis. During the same period previous year, the company posted ($0.29) EPS.

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Several equities analysts recently commented on NBR shares. BMO Capital Markets set a $13.00 price objective on shares of Nabors Industries and gave the company a "hold" rating in a research note on Saturday, May 6th. (NASDAQ:SAMG). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. Evercore ISI reaffirmed an "outperform" rating and issued a $18.00 price target on shares of Nabors Industries in a report on Tuesday, June 20th. Furthermore on 1/18/17 SunTrust Robinson Humphrey "Initiates Coverage On" the stock to Buy at $20. Finally, Jefferies Group LLC restated a "hold" rating and set a $15.00 price target on shares of Nabors Industries in a research report on Wednesday, March 22nd. Analysts reported that the Price Target for Nabors Industries Ltd. might touch $22 high while the Average Price Target and Low price Target is $15.18 and $8 respectively. Wells Fargo & Company MN boosted its position in Nabors Industries by 73.5% in the first quarter. While it's Return on Investment (ROI) value is -8.5%. Following the completion of the acquisition, the chief financial officer now owns 959,694 shares of the company's stock, valued at $7,917,475.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Since May 4, 2017, it had 2 insider purchases, and 0 sales for $388,982 activity. Point72 Asia Hong Kong Ltd increased its position in Nabors Industries by 92.2% in the first quarter. The Average Volume of the company is 9.19 Million, while the Volume of the company in the last trading session was 10.2 Billion. Wells Fargo & Company MN now owns 747,410 shares of the oil and gas company's stock valued at $9,770,000 after buying an additional 316,556 shares during the last quarter. Utah Retirement Systems' holdings in Nabors Industries were worth $657,000 at the end of the most recent reporting period. 22,000 Nabors Industries Ltd. (NYSE:NBR) shares with value of $181,522 were bought by Restrepo William J. Morgan Stanley holds 0.1% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 18.67M shares.

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NBR's mean Piotroski F-Score: 4 in the past 7 years. It looks like traders are not happy with the stock.

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While looking at the Stock's Performance, Nabors Industries Ltd. now shows a Weekly Performance of -6.26%, where Monthly Performance is -24.21%, Quarterly performance is -39.65%, 6 Months performance is -53.92% and yearly performance percentage is -27.45%.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -39.62% and has no so good Year to Date (YTD) Performance of -52.01% which means the stock is constantly adding to its value from previous fiscal year end price.

Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $6.76 and $7.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.05%. For the next 5 years, Nabors Industries Ltd.is expecting Growth of 7% per annum, whereas in the past 5 years the growth was -20.45% per annum.

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