Marshall Wace LLP Makes New Investment in Nabors Industries Ltd. (NYSE:NBR)

Marshall Wace LLP acquired a new position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,221 shares of the oil and gas company's stock, valued at approximately $1,042,000. Marshall Wace LLP owned 0.17% of Nabors Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its stake in Nabors Industries by 60.8% during the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company's stock valued at $7,241,000 after buying an additional 42,483 shares during the period. Bryce Point Capital LLC acquired a new position in shares of Nabors Industries during the fourth quarter valued at approximately $556,000. Proficio Capital Partners LLC acquired a new position in shares of Nabors Industries during the fourth quarter valued at approximately $664,000. HighTower Advisors LLC raised its holdings in Nabors Industries by 152.8% during the fourth quarter. HighTower Advisors LLC now owns 27,727 shares of the oil and gas company's stock worth $1,585,000 after purchasing an additional 16,761 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Nabors Industries by 12.0% in 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. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. 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. Morgan Stanley dropped their price target on shares of Nabors Industries from $115.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, Barclays dropped their target price on shares of Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.17.

Nabors Industries Trading Down 3.7 %

Shares of NYSE NBR traded down $1.06 during mid-day trading on Monday, hitting $27.69. 55,054 shares of the company traded hands, compared to its average volume of 345,317. The business has a 50 day moving average of $35.59 and a two-hundred day moving average of $54.25. The stock has a market capitalization of $265.89 million, a price-to-earnings ratio of -1.24 and a beta of 1.96. Nabors Industries Ltd. has a 1 year low of $25.11 and a 1 year high of $105.96. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95.

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). The firm had revenue of $742.78 million during 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 revenue was up .3% on a year-over-year basis. During the same period last year, the business earned ($4.54) earnings per share. On average, sell-side analysts anticipate that Nabors Industries Ltd. will post -6.22 earnings per share 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.