Barclays PLC Purchases 83,790 Shares of Nabors Industries Ltd. (NYSE:NBR)

Barclays PLC grew its stake in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 74.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,108 shares of the oil and gas company's stock after purchasing an additional 83,790 shares during the quarter. Barclays PLC owned about 1.83% of Nabors Industries worth $11,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Nabors Industries by 234.9% during the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock worth $41,000 after buying an additional 505 shares during the last quarter. R Squared Ltd acquired a new position in shares of Nabors Industries during the 4th quarter worth about $70,000. KLP Kapitalforvaltning AS acquired a new position in shares of Nabors Industries during the 4th quarter worth about $97,000. DRW Securities LLC bought a new stake in shares of Nabors Industries in the 4th quarter valued at about $234,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Nabors Industries in the 4th quarter valued at about $284,000. Institutional investors own 81.92% of the company's stock.

Nabors Industries Stock Performance

Shares of Nabors Industries stock traded up $0.28 during trading on Friday, reaching $29.84. The company's stock had a trading volume of 201,948 shares, compared to its average volume of 341,532. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95. The business's 50-day moving average price is $37.15 and its 200-day moving average price is $56.20. Nabors Industries Ltd. has a 52 week low of $25.11 and a 52 week high of $105.96. The firm has a market cap of $286.58 million, a PE ratio of -1.33 and a beta of 1.49.

Nabors Industries (NYSE:NBR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%. Equities analysts forecast that Nabors Industries Ltd. will post -6.22 earnings per share for the current year.

Analysts Set New Price Targets

NBR has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Susquehanna decreased their price objective on shares of Nabors Industries from $45.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays cut their target price on shares of Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $71.17.

Nabors Industries Profile

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.