Nabors Industries Ltd. (NYSE:NBR – Free Report) – Equities research analysts at Zacks Research increased their FY2025 EPS estimates for Nabors Industries in a note issued to investors on Monday, September 4th. Zacks Research analyst T. Saha now anticipates that the oil and gas company will post earnings per share of $15.63 for the year, up from their previous estimate of $15.01. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.48) per share.
A number of other research firms have also recently issued reports on NBR. Morgan Stanley reiterated an “equal weight” rating and issued a $160.00 target price on shares of Nabors Industries in a research note on Monday, July 31st. Barclays reduced their target price on shares of Nabors Industries from $150.00 to $140.00 in a research note on Thursday, June 8th. Susquehanna reduced their target price on shares of Nabors Industries from $110.00 to $91.00 in a research note on Friday, June 2nd. Benchmark upgraded shares of Nabors Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Nabors Industries from $124.00 to $140.00 in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.00.
Nabors Industries Price Performance
NYSE NBR opened at $121.75 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.80 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $1.16 billion, a PE ratio of -20.27 and a beta of 2.82. The company has a 50 day moving average price of $110.42 and a two-hundred day moving average price of $111.56. Nabors Industries has a 12-month low of $83.05 and a 12-month high of $190.90.
Nabors Industries (NYSE:NBR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($2.26) EPS for the quarter, missing the consensus estimate of $1.50 by ($3.76). The company had revenue of $778.81 million for the quarter, compared to analyst estimates of $777.59 million. Nabors Industries had a negative return on equity of 17.98% and a negative net margin of 0.96%.
Hedge Funds Weigh In On Nabors Industries
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Nabors Industries by 66.6% during the second quarter. Wells Fargo & Company MN now owns 18,905 shares of the oil and gas company’s stock worth $1,759,000 after acquiring an additional 7,556 shares during the period. Webs Creek Capital Management LP bought a new stake in Nabors Industries in the 2nd quarter valued at $13,872,000. Y Intercept Hong Kong Ltd bought a new stake in Nabors Industries in the 2nd quarter valued at $519,000. Goldman Sachs Group Inc. increased its holdings in Nabors Industries by 11.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 95,898 shares of the oil and gas company’s stock valued at $8,921,000 after buying an additional 9,472 shares during the period. Finally, KB Financial Partners LLC increased its holdings in Nabors Industries by 239.3% in the 2nd quarter. KB Financial Partners LLC now owns 22,331 shares of the oil and gas company’s stock valued at $2,077,000 after buying an additional 15,750 shares during the period. Institutional investors own 80.39% of the company’s stock.
Insider Transactions at Nabors Industries
In other news, Director John P. Kotts sold 4,975 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $125.13, for a total value of $622,521.75. Following the completion of the sale, the director now directly owns 4,787 shares in the company, valued at $598,997.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.09% of the stock is owned by corporate insiders.
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 U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software.
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