Nabors Industries Ltd. (NYSE:NBR) Given Average Rating of "Hold" by Brokerages

Nabors Industries Ltd. (NYSE:NBR - Get Free Report) has received a consensus rating of "Hold" from the six research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $129.60.

Several equities research analysts recently issued reports on NBR shares. Atb Cap Markets downgraded Nabors Industries from an "outperform" rating to a "sector perform" rating in a report on Friday, December 22nd. Susquehanna reiterated a "neutral" rating and issued a $88.00 target price on shares of Nabors Industries in a report on Tuesday, February 13th. Morgan Stanley dropped their price target on shares of Nabors Industries from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Monday, February 12th. Benchmark downgraded shares of Nabors Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Finally, StockNews.com lowered shares of Nabors Industries from a "buy" rating to a "hold" rating in a research note on Thursday, December 7th.

Nabors Industries Stock Down 2.1 %

Shares of NYSE:NBR traded down $1.83 during midday trading on Friday, hitting $86.13. 222,564 shares of the company's stock were exchanged, compared to its average volume of 216,472. Nabors Industries has a 12 month low of $71.42 and a 12 month high of $141.47. The company has a market cap of $815.65 million, a PE ratio of -16.69 and a beta of 2.33. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.23. The stock has a 50 day moving average price of $83.17 and a 200-day moving average price of $92.60.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts' consensus estimates of ($1.54) by ($2.30). The company had revenue of $737.84 million for the quarter, compared to the consensus estimate of $749.52 million. Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. On average, sell-side analysts anticipate that Nabors Industries will post -4.3 EPS for the current fiscal year.

Institutional Trading of Nabors Industries

Large investors have recently added to or reduced their stakes in the stock. Pantechnicon Advisors LLP bought a new stake in shares of Nabors Industries in the third quarter valued at $15,392,000. Panagora Asset Management Inc. bought a new stake in Nabors Industries in the 3rd quarter valued at about $2,673,000. American Century Companies Inc. lifted its holdings in Nabors Industries by 11.0% during the third quarter. American Century Companies Inc. now owns 115,486 shares of the oil and gas company's stock valued at $14,221,000 after purchasing an additional 11,425 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Nabors Industries by 48.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,957 shares of the oil and gas company's stock worth $241,000 after purchasing an additional 635 shares during the period. Finally, Barclays PLC increased its stake in shares of Nabors Industries by 9.9% in the third quarter. Barclays PLC now owns 5,626 shares of the oil and gas company's stock worth $692,000 after purchasing an additional 509 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

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.