Thomist Capital Management LP Invests $1.09 Million in Nabors Industries Ltd. (NYSE:NBR)

Thomist Capital Management LP acquired a new position in Nabors Industries Ltd. (NYSE:NBR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,000 shares of the oil and gas company's stock, valued at approximately $1,085,000. Thomist Capital Management LP owned 0.19% of Nabors Industries at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Nabors Industries by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 696,155 shares of the oil and gas company's stock valued at $39,799,000 after buying an additional 18,017 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Nabors Industries by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 289,632 shares of the oil and gas company's stock valued at $16,556,000 after acquiring an additional 27,849 shares in the last quarter. American Century Companies Inc. raised its position in shares of Nabors Industries by 12.0% during the fourth quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company's stock worth $16,340,000 after purchasing an additional 30,537 shares during the period. Miller Value Partners LLC lifted its holdings in shares of Nabors Industries by 99.5% in the 4th quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company's stock worth $16,076,000 after purchasing an additional 140,230 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Nabors Industries by 41.0% in the 4th quarter. Van ECK Associates Corp now owns 202,552 shares of the oil and gas company's stock valued at $11,580,000 after purchasing an additional 58,946 shares during the period. 81.92% of the stock is currently owned by institutional investors.

Nabors Industries Stock Performance

NYSE:NBR traded down $0.13 during trading on Friday, reaching $25.38. The company's stock had a trading volume of 171,596 shares, compared to its average volume of 364,988. The firm has a market cap of $398.53 million, a price-to-earnings ratio of -1.13 and a beta of 1.96. Nabors Industries Ltd. has a 12 month low of $23.27 and a 12 month high of $105.96. The company has a debt-to-equity ratio of 5.95, a quick ratio of 1.52 and a current ratio of 1.75. The firm has a 50 day moving average of $32.32 and a 200-day moving average of $50.15.

Nabors Industries (NYSE:NBR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported ($7.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.64) by ($4.86). The company had revenue of $742.78 million for the quarter, compared to analysts' expectations of $706.49 million. Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted ($4.54) EPS. Research analysts expect that Nabors Industries Ltd. will post -6.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NBR shares. Morgan Stanley reduced their price objective on shares of Nabors Industries from $75.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Citigroup decreased their price objective on Nabors Industries from $50.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank of Canada decreased their price target on Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Susquehanna dropped their price objective on Nabors Industries from $32.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays reiterated an "underweight" rating and issued a $28.00 target price (down previously from $53.00) on shares of Nabors Industries in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $45.83.

About Nabors Industries

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.