Nabors Industries Ltd. (NYSE:NBR) Stock Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,632 shares of the oil and gas company's stock after buying an additional 27,849 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.70% of Nabors Industries worth $16,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Nabors Industries by 74.6% during the fourth quarter. Barclays PLC now owns 196,108 shares of the oil and gas company's stock valued at $11,211,000 after acquiring an additional 83,790 shares during the last quarter. Van ECK Associates Corp raised its stake 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 last quarter. American Century Companies Inc. lifted its holdings in Nabors Industries by 12.0% in the 4th quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company's stock valued at $16,340,000 after purchasing an additional 30,537 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Nabors Industries in the fourth quarter valued at about $1,388,000. Finally, Marshall Wace LLP purchased a new position in shares of Nabors Industries in the fourth quarter worth about $1,042,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

Nabors Industries Stock Up 8.2 %

Nabors Industries stock traded up $2.20 during midday trading on Friday, hitting $29.14. 685,657 shares of the company were exchanged, compared to its average volume of 352,968. 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 fifty-two week low of $25.11 and a fifty-two week high of $105.96. The company's fifty day moving average price is $34.37 and its 200-day moving average price is $52.79. The company has a market cap of $279.86 million, a PE ratio of -1.30 and a beta of 1.96.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NBR. Barclays lowered their price objective on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Susquehanna dropped their target price on shares of Nabors Industries from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reduced their price target 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, May 1st. Finally, Morgan Stanley lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.