Nebula Research & Development LLC Has $739,000 Position in Nabors Industries Ltd. (NYSE:NBR)

Nebula Research & Development LLC increased its holdings in Nabors Industries Ltd. (NYSE:NBR - Free Report) by 278.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,923 shares of the oil and gas company's stock after acquiring an additional 9,510 shares during the period. Nebula Research & Development LLC owned about 0.12% of Nabors Industries worth $739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of Nabors Industries by 74.6% in the fourth quarter. Barclays PLC now owns 196,108 shares of the oil and gas company's stock worth $11,211,000 after purchasing an additional 83,790 shares in the last quarter. Van ECK Associates Corp lifted its position 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 worth $11,580,000 after buying an additional 58,946 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Nabors Industries by 12.0% during 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 buying an additional 30,537 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Nabors Industries by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 289,632 shares of the oil and gas company's stock valued at $16,556,000 after acquiring an additional 27,849 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Nabors Industries during the 4th quarter valued at $1,388,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Stock Performance

Shares of NBR stock traded up $1.36 during trading on Friday, reaching $28.70. The company had a trading volume of 344,736 shares, compared to its average volume of 346,458. The firm's 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $54.39. Nabors Industries Ltd. has a one year low of $25.11 and a one year high of $105.96. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The company has a market capitalization of $275.63 million, a PE ratio of -1.28 and a beta of 1.49.

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) EPS for the quarter, missing analysts' consensus estimates of ($2.64) by ($4.86). The firm had revenue of $742.78 million during 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 company's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned ($4.54) EPS. Sell-side analysts forecast that Nabors Industries Ltd. will post -6.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Susquehanna reduced their price objective on Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday. Morgan Stanley reduced their price target on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays dropped their price objective on 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, Royal Bank of Canada reduced 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Nabors Industries currently has a consensus 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.