Two Sigma Advisers LP Buys 18,600 Shares of Nabors Industries Ltd. (NYSE:NBR)

Two Sigma Advisers LP lifted its position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 169.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,600 shares of the oil and gas company's stock after purchasing an additional 18,600 shares during the period. Two Sigma Advisers LP owned 0.28% of Nabors Industries worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of 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 in the last quarter. R Squared Ltd bought a new position in Nabors Industries during the fourth quarter worth about $70,000. KLP Kapitalforvaltning AS acquired a new stake in Nabors Industries in the 4th quarter worth about $97,000. DRW Securities LLC bought a new stake in Nabors Industries in the 4th quarter valued at about $234,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Nabors Industries in the 4th quarter valued at about $284,000. 81.92% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Price Performance

Shares of NBR stock traded down $0.54 on Friday, hitting $25.87. 353,622 shares of the company's stock were exchanged, compared to its average volume of 370,774. The company has a 50 day moving average of $30.24 and a 200 day moving average of $47.85. The stock has a market cap of $406.16 million, a P/E ratio of -1.16 and a beta of 1.96. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. Nabors Industries Ltd. has a 12 month low of $23.27 and a 12 month high of $105.96.

Nabors Industries (NYSE:NBR - Get Free Report) last released 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 analyst estimates of $706.49 million. Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. Nabors Industries's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($4.54) earnings per share. On average, equities research analysts predict that Nabors Industries Ltd. will post -6.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna dropped their price target on shares of Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Barclays reaffirmed an "underweight" rating and issued a $28.00 price objective (down from $53.00) on shares of Nabors Industries in a report on Monday, May 19th. JPMorgan Chase & Co. cut their target price on Nabors Industries from $38.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday. Morgan Stanley decreased their price target on Nabors Industries from $75.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Citigroup dropped their price target on Nabors Industries from $50.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $42.86.

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.