Nabors Industries Ltd. (NYSE:NBR) Shares Sold by Hara Capital LLC

Hara Capital LLC trimmed its position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 49.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,112 shares of the oil and gas company's stock after selling 30,770 shares during the quarter. Hara Capital LLC owned 0.32% of Nabors Industries worth $1,298,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Nabors Industries by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,233 shares of the oil and gas company's stock valued at $299,000 after acquiring an additional 228 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Nabors Industries by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,780 shares of the oil and gas company's stock worth $502,000 after purchasing an additional 459 shares during the last quarter. US Bancorp DE boosted its position 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 purchasing an additional 505 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Nabors Industries during the fourth quarter worth $36,000. Finally, Federated Hermes Inc. boosted its position in Nabors Industries by 2.7% during the fourth quarter. Federated Hermes Inc. now owns 29,874 shares of the oil and gas company's stock worth $1,708,000 after purchasing an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NBR. Barclays reissued an "underweight" rating and issued a $28.00 price objective (down from $53.00) on shares of Nabors Industries in a research note on Monday, May 19th. Royal Bank Of Canada reduced their price target on shares of Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on Nabors Industries from $38.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday, May 28th. Citigroup cut their price objective on Nabors Industries from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Susquehanna raised their price target on Nabors Industries from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.29.

Nabors Industries Trading Down 1.6%

Shares of NBR stock traded down $0.54 during mid-day trading on Friday, hitting $34.13. 121,457 shares of the company's stock were exchanged, compared to its average volume of 446,991. Nabors Industries Ltd. has a fifty-two week low of $23.27 and a fifty-two week high of $105.96. The stock has a 50-day simple moving average of $29.87 and a two-hundred day simple moving average of $40.42. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 4.13. The stock has a market cap of $535.84 million, a price-to-earnings ratio of -2.18 and a beta of 1.52.

Nabors Industries (NYSE:NBR - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas company reported ($7.50) earnings per share for the quarter, missing the consensus estimate of ($2.64) by ($4.86). Nabors Industries had a negative return on equity of 38.71% and a negative net margin of 3.66%. The business had revenue of $742.78 million for the quarter, compared to analysts' expectations of $706.49 million. During the same quarter last year, the company posted ($4.54) earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. Equities analysts expect that Nabors Industries Ltd. will post -6.22 EPS for the current fiscal year.

Nabors Industries Company 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.