RIA Advisory Group LLC Purchases Shares of 12,000 Nabors Industries Ltd. (NYSE:NBR)

RIA Advisory Group LLC bought a new position in Nabors Industries Ltd. (NYSE:NBR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,000 shares of the oil and gas company's stock, valued at approximately $980,000. RIA Advisory Group LLC owned approximately 0.13% of Nabors Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Nabors Industries by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,758 shares of the oil and gas company's stock valued at $350,000 after purchasing an additional 95 shares in the last quarter. Eaton Vance Management boosted its holdings in Nabors Industries by 2.2% in the first quarter. Eaton Vance Management now owns 4,437 shares of the oil and gas company's stock worth $677,000 after acquiring an additional 97 shares in the last quarter. Point72 Middle East FZE boosted its holdings in Nabors Industries by 3.6% in the second quarter. Point72 Middle East FZE now owns 3,341 shares of the oil and gas company's stock worth $311,000 after acquiring an additional 115 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Nabors Industries by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 16,807 shares of the oil and gas company's stock worth $2,070,000 after acquiring an additional 148 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Nabors Industries by 72.1% in the second quarter. US Bancorp DE now owns 389 shares of the oil and gas company's stock worth $36,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Nabors Industries Stock Performance

NYSE:NBR traded down $0.51 during trading hours on Friday, reaching $76.53. The stock had a trading volume of 194,246 shares, compared to its average volume of 245,783. The company has a debt-to-equity ratio of 4.63, a quick ratio of 1.23 and a current ratio of 1.36. The stock has a 50 day simple moving average of $83.33 and a 200 day simple moving average of $88.39. Nabors Industries Ltd. has a 12-month low of $71.42 and a 12-month high of $141.47. The stock has a market cap of $724.74 million, a P/E ratio of -14.83 and a beta of 2.33.

Nabors Industries (NYSE:NBR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.54) by ($2.30). Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%. The company had revenue of $737.84 million for the quarter, compared to the consensus estimate of $749.52 million. On average, research analysts forecast that Nabors Industries Ltd. will post -4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on NBR. Atb Cap Markets lowered Nabors Industries from an "outperform" rating to a "sector perform" rating in a report on Friday, December 22nd. Susquehanna restated a "neutral" rating and issued a $88.00 target price on shares of Nabors Industries in a report on Monday, April 8th. Morgan Stanley dropped their target price on Nabors Industries from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Monday, February 12th. Finally, Benchmark lowered Nabors Industries from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $129.60.

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.