10,478 Shares in Nabors Industries Ltd. (NYSE:NBR) Acquired by Numerai GP LLC

Numerai GP LLC purchased a new stake in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,478 shares of the oil and gas company's stock, valued at approximately $599,000. Numerai GP LLC owned about 0.10% of Nabors Industries at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NBR. Millennium Management LLC boosted its stake in Nabors Industries by 669.9% during the 4th quarter. Millennium Management LLC now owns 72,792 shares of the oil and gas company's stock worth $4,162,000 after purchasing an additional 85,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Nabors Industries by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,233 shares of the oil and gas company's stock valued at $299,000 after acquiring an additional 228 shares in the last quarter. Gotham Asset Management LLC boosted its position in Nabors Industries by 37.5% during the fourth quarter. Gotham Asset Management LLC now owns 24,834 shares of the oil and gas company's stock worth $1,420,000 after acquiring an additional 6,772 shares during the last quarter. Deutsche Bank AG boosted its holdings in Nabors Industries by 55.8% in the fourth quarter. Deutsche Bank AG now owns 7,260 shares of the oil and gas company's stock valued at $415,000 after acquiring an additional 2,599 shares during the last quarter. Finally, CoreCommodity Management LLC lifted its position in Nabors Industries by 28.2% during the fourth quarter. CoreCommodity Management LLC now owns 29,012 shares of the oil and gas company's stock valued at $1,659,000 after buying an additional 6,389 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NBR. Royal Bank of Canada dropped their target price on Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Susquehanna decreased their price objective on shares of Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Citigroup lowered their price objective on shares of Nabors Industries from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley dropped their price target on shares of Nabors Industries from $75.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Barclays reissued an "underweight" rating and set a $28.00 price objective (down from $53.00) on shares of Nabors Industries in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.83.

Nabors Industries Stock Down 1.0%

NBR traded down $0.27 during trading on Tuesday, reaching $27.09. 123,247 shares of the stock were exchanged, compared to its average volume of 359,073. The company has a debt-to-equity ratio of 5.95, a quick ratio of 1.52 and a current ratio of 1.75. The stock's 50 day moving average price is $33.31 and its two-hundred day moving average price is $50.84. Nabors Industries Ltd. has a twelve month low of $25.11 and a twelve month high of $105.96. The stock has a market cap of $425.30 million, a P/E ratio of -1.21 and a beta of 1.96.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its 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 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 firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted ($4.54) earnings per share. Equities analysts expect that Nabors Industries Ltd. will post -6.22 EPS for the current year.

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.