Utah Retirement Systems Raises Position in Nabors Industries Ltd. (NBR)

Ivan Schwartz
June 26, 2017

The stock of Nabors Industries Ltd. (NYSE:NBR) has "Overweight" rating given on Tuesday, April 19 by Morgan Stanley. Nabors Industries Ltd. had 69 analyst reports since August 6, 2015 according to SRatingsIntel. More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum.

So the company lags the analysts estimate by $-0.13/share showing a surprise of -36.1%. On the other side, analysts now consider Nabors Industries Ltd. a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.06 per share. Zacks' earnings per share averages are a mean average based on a survey of analysts that follow Nabors Industries.

Nabors Industries (NYSE:NBR) now has a trailing P/E of -2.86 while its forward P/E according to Thomson Reuters is -43.72.

These analysts also forecasted Growth Estimates for the Current Quarter for NBR to be -34.6%. The company had revenue of $563 million for the quarter, compared to the consensus estimate of $569.96 million. Jacobs Levy Equity reported 0% in Nabors Industries Ltd. (NYSE:NBR). So is with Nabors Industries Ltd. During the same quarter in the prior year, the firm posted ($0.29) EPS. It depends on 5 financial ratios, which can be calculated from data found on a firm's annual 10K report. Jefferies Group LLC reaffirmed a hold rating and issued a $15.00 target price on shares of Nabors Industries in a research report on Tuesday, April 25th. The stock of Nabors Industries Ltd. (NYSE:NBR) has "Strong Buy" rating given on Wednesday, April 27 by Raymond James. Victory Mngmt invested in 3.34 million shares or 0.14% of the stock. Credit Suisse Group reiterated a "buy" rating and set a $21.00 price objective on shares of Nabors Industries in a report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company's stock. Point72 Europe London LLP increased its position in Nabors Industries by 70.2% in the first quarter. The stock was purchased at an average cost of $9.43 per share, with a total value of $207,460.00. The company's Relative strength index is 37.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Since May 4, 2017, it had 2 insider purchases, and 0 insider sales for $388,982 activity.

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Several hedge funds and other institutional investors have recently made changes to their positions in NBR. TFS Capital LLC acquired a new position in Nabors Industries during the first quarter valued at about $647,000. Coconut Grove Bank boosted its position in Nabors Industries by 47.1% in the first quarter.

The company surged 3.01% and closed its last trading session at $7.64. Wells Fargo & Company MN increased its stake in Nabors Industries by 73.5% in the first quarter. The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock. Municipal Employees Retirement System of MI increased its stake in Nabors Industries by 1.5% in the first quarter. For the quarter, shares have been noted at 9.89%. Thompson Davis & Co Inc reported 0.01% in Nabors Industries Ltd. (NYSE:NBR).

TRADEMARK VIOLATION WARNING: This piece was published by [[site]] and is the property of of [[site]]. Moreover, Barclays Public Limited Com has 0% invested in Nabors Industries Ltd. (NYSE:NBR). (NBR) opened at 7.87 on Monday. Similarly, the company's last 5 years high P/E ratio is 33.62 and low P/E is 18.18, whereas, the industry's and sector's high P/E for the past year is 18.59 and 25.72 respectively and low P/E ratio for the last 5 years is 6.21 for the industry and 10.21 for the Sector. The company has a 50-day moving average of $9.22 and a 200-day moving average of $13.47. The Market Capitalization of the company stands at 2.18 Billion.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th.

It has a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, June 12th. For the next 5 years, Nabors Industries Ltd.is expecting Growth of 7% per annum, whereas in the past 5 years the growth was -20.45% per annum.

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