Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.
Nabors Energy Transition Corp. II Trading Down 0.1%
NASDAQ:NETD opened at $11.34 on Friday. The firm has a market capitalization of $242.11 million, a price-to-earnings ratio of 59.69 and a beta of -0.02. Nabors Energy Transition Corp. II has a 1-year low of $10.66 and a 1-year high of $11.47. The business's fifty day moving average price is $11.28 and its 200 day moving average price is $11.16.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.06 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC lifted its holdings in shares of Nabors Energy Transition Corp. II by 26.1% in the first quarter. Wolverine Asset Management LLC now owns 799,764 shares of the company's stock valued at $8,757,000 after purchasing an additional 165,290 shares in the last quarter. Virtu Financial LLC increased its position in shares of Nabors Energy Transition Corp. II by 319.4% in the first quarter. Virtu Financial LLC now owns 43,976 shares of the company's stock valued at $482,000 after acquiring an additional 33,490 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Nabors Energy Transition Corp. II in the first quarter valued at about $3,285,000. Alpine Global Management LLC acquired a new stake in shares of Nabors Energy Transition Corp. II in the first quarter valued at about $2,947,000. Finally, Mizuho Securities USA LLC increased its position in shares of Nabors Energy Transition Corp. II by 49.0% in the first quarter. Mizuho Securities USA LLC now owns 408,804 shares of the company's stock valued at $4,456,000 after acquiring an additional 134,501 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors.
Nabors Energy Transition Corp. II Company Profile
(
Get Free Report)
Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.
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