Dimensional Fund Advisors LP Boosts Stake in Nabors Industries Ltd. (NYSE:NBR)

Dimensional Fund Advisors LP raised its position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,632 shares of the oil and gas company's stock after acquiring an additional 27,849 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.70% of Nabors Industries worth $16,556,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NBR. US Bancorp DE raised 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 valued at $41,000 after acquiring an additional 505 shares during the last quarter. R Squared Ltd purchased a new stake in Nabors Industries during the 4th quarter valued at about $70,000. KLP Kapitalforvaltning AS purchased a new stake in Nabors Industries during the 4th quarter valued at about $97,000. DRW Securities LLC purchased a new stake in Nabors Industries during the 4th quarter valued at about $234,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Nabors Industries during the 4th quarter valued at about $284,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Nabors Industries Trading Up 1.4%

NBR stock traded up $0.43 during midday trading on Tuesday, hitting $31.87. 66,094 shares of the company's stock were exchanged, compared to its average volume of 413,071. The business has a 50-day simple moving average of $34.22 and a two-hundred day simple moving average of $52.34. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of $306.08 million, a PE ratio of -1.43 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.

Nabors Industries (NYSE:NBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas company reported ($7.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.64) by ($4.86). The business 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 was up .3% compared to the same quarter last year. During the same period last year, the business earned ($4.54) EPS. On average, sell-side analysts predict that Nabors Industries Ltd. will post -6.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on NBR shares. Barclays dropped their price objective on shares of Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley dropped their price objective 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. Susquehanna dropped their price objective on shares of Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Royal Bank of Canada dropped 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 note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $61.17.

Nabors Industries 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.