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Are Traders Shorting Nabors Industries Ltd. (NYSE:NBR) Shares?

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20 May, 2017

They now have a Dollars 17.5 price target on the stock.

NBR has been the subject of a number of analyst reports.

Nabors Industries Ltd. (NBR) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 0.84 P/E and the sector P/E is 16.38.

Nabors Industries Ltd. (NBR) has 344.91 Million shares outstanding and 323.91 Million shares were floated in market. Scotiabank reaffirmed a "buy" rating and set a $22.00 price objective on shares of Nabors Industries in a research report on Wednesday, March 22nd. SunTrust Banks, Inc. initiated coverage on Nabors Industries in a research note on Wednesday, January 18th. Finally, Zacks Investment Research upgraded shares of Nabors Industries from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Monday, January 23rd. For the quarter, shares have been noted at -35.84%. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Nabors Industries now has an average rating of "Buy" and a consensus price target of $16.31. "Has $305,000 Stake in Nabors Industries Ltd. (NBR)" was posted by Markets Daily and is the property of of Markets Daily. After a recent spot-check, the stock has touched $10.51 which represents a change from the open of 5.63%. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $14.19. The firm's market cap is $2.98 billion.

Victory Mngmt Inc reported 0.14% in Nabors Industries Ltd. (NYSE:NBR). The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $0.16.

The company's expected revenue in the current quarter to be 592.95 Million, seeing a projected current quarter growth of -34.6%, and per annum growth estimates over the next 5 year period of around 7%. The Return on Equity (ROE) value stands at -23.5%.

Another recent and important Nabors Industries Ltd. (NYSE:NBR) news was published by Prnewswire.com which published an article titled: "Nabors Announces First Quarter Results" on April 26, 2017.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -24.93%, and has a poor year to date (YTD) performance of -39.79% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Quadrature Capital Ltd bought a new stake in Nabors Industries during the fourth quarter valued at about $2,520,000. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and global copyright & trademark law.

Taking a broader look at the analyst consensus, most recently Nabors Industries Ltd. (NYSE:NBR)'s price target was revised on 05/16/17 and according to 25 analysts stock's price will reach at $17.02 during 52 weeks with standard deviation of 3.19.

In other news, CFO William J. Restrepo bought 22,000 shares of the business's stock in a transaction on Thursday, May 4th. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $207,460.00. Following the acquisition, the chief financial officer now owns 939,694 shares in the company, valued at approximately $8,861,314.42. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge funds and other institutional investors own 93.88% of the company's stock. Finally, Putnam Investments LLC raised its stake in Nabors Industries by 0.8% in the fourth quarter. Allianz Asset Management AG now owns 3,854,536 shares of the oil and gas company's stock valued at $63,214,000 after buying an additional 3,585,884 shares during the last quarter. Tyers Asset Management LLC acquired a new stake in Nabors Industries during the fourth quarter valued at about $187,000. Insiders own 3.53% of the company's stock. Jefferies Group LLC reaffirmed a "hold" rating and set a $15.00 price objective on shares of Nabors Industries in a research report on Wednesday, March 22nd.

It worsened, as 48 investors sold Nabors Industries Ltd. shares while 114 reduced holdings. The Company is a provider of offshore platform drilling rigs in the United States and multiple worldwide markets.


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