Nabors Industries Ltd. (NYSE:NBR) Given Consensus Recommendation of "Hold" by Analysts

Nabors Industries Ltd. (NYSE:NBR - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $61.17.

NBR has been the subject of a number of research analyst reports. Susquehanna cut their price target on Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada cut their target price on shares of Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Barclays dropped their price objective 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. Finally, Morgan Stanley reduced their target price on shares of Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th.

Nabors Industries Stock Performance

Shares of NYSE NBR traded up $0.13 during trading hours on Monday, hitting $26.44. 461,981 shares of the stock were exchanged, compared to its average volume of 347,887. Nabors Industries has a one year low of $25.11 and a one year high of $105.96. The company's 50 day moving average is $35.04 and its 200 day moving average is $53.73. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The firm has a market capitalization of $253.93 million, a P/E ratio of -1.18 and a beta of 1.96.

Nabors Industries (NYSE:NBR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $742.78 million for the quarter, compared to the consensus estimate of $706.49 million. Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%. The firm's revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned ($4.54) earnings per share. On average, research analysts expect that Nabors Industries will post -6.22 EPS for the current year.

Institutional Investors Weigh In On Nabors Industries

Several large investors have recently modified their holdings of NBR. Public Employees Retirement System of Ohio bought a new stake in Nabors Industries in the fourth quarter valued at $36,000. US Bancorp DE grew its holdings in shares of Nabors Industries by 234.9% in the 4th 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 during the last quarter. GAMMA Investing LLC increased its position in shares of Nabors Industries by 520.2% during the 1st quarter. GAMMA Investing LLC now owns 1,073 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 900 shares in the last quarter. R Squared Ltd bought a new position in Nabors Industries during the 4th quarter valued at about $70,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Nabors Industries during the fourth quarter worth about $97,000. 81.92% of the stock is currently owned by institutional investors.

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.