Could Nabors Industries Ltd. See a Reversal After Today’s Strong Options Activity?

 Could Nabors Industries Ltd. See a Reversal After Today's Strong Options Activity?

In today’s session Nabors Industries Ltd. (NBR) registered an unusually high (2,910) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NBR increase. With 2,910 contracts traded and 11694 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NBR170120C00013000 closed last at: $1.34 or 10.7% up. About 479,436 shares traded hands. Nabors Industries Ltd. (NYSE:NBR) has risen 58.13% since March 9, 2016 and is uptrending. It has outperformed by 50.72% the S&P500.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on October, 25. They expect $-0.36 EPS, down 157.14% or $0.22 from last year’s $-0.14 per share. After $-0.26 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts 38.46% negative EPS growth.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Out of 18 analysts covering Nabors Industries Ltd. (NYSE:NBR), 15 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 83% are positive. $17 is the highest target while $7 is the lowest. The $11.05 average target is -15.46% below today’s ($13.07) stock price. Nabors Industries Ltd. has been the topic of 53 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Howard Weil downgraded Nabors Industries Ltd. (NYSE:NBR) on Thursday, October 8 to “Sector Perform” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, August 10. The stock has “Buy” rating given by Argus Research on Monday, September 21. Guggenheim upgraded the stock to “Buy” rating in Monday, November 30 report. On Wednesday, April 27 the stock rating was maintained by Cowen & Co with “Outperform”. Credit Suisse maintained Nabors Industries Ltd. (NYSE:NBR) rating on Friday, September 4. Credit Suisse has “Neutral” rating and $9 price target. Citigroup maintained the stock with “Neutral” rating in Monday, October 5 report. As per Monday, March 28, the company rating was upgraded by Howard Weil. On Friday, August 14 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Deutsche Bank on Monday, November 2 with “Buy”.

According to Zacks Investment Research, “Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business, it offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.10, from 0.99 in 2016Q1. The ratio fall, as 28 funds sold all Nabors Industries Ltd. shares owned while 106 reduced positions. 34 funds bought stakes while 85 increased positions. They now own 259.64 million shares or 0.48% more from 258.40 million shares in 2016Q1.
Tiaa Cref Inv Management Limited Liability Company holds 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 2.89 million shares. Shoker Investment Counsel accumulated 26,957 shares or 0.24% of the stock. Whittier Of Nevada accumulated 3,290 shares or 0% of the stock. Lsv Asset Management owns 108,700 shares or 0% of their US portfolio. Two Sigma Limited Company has invested 0.07% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). The Illinois-based Ubs Oconnor Lc has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Brave Asset reported 18,800 shares or 0.13% of all its holdings. Victory Capital has invested 0.13% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Alyeska Grp L P accumulated 4.06M shares or 0.42% of the stock. Credit Agricole S A owns 26,623 shares or 0% of their US portfolio. Blackrock Institutional Trust Na has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Tcw Gp holds 5.78 million shares or 0.44% of its portfolio. Blackrock Gp accumulated 0% or 370,457 shares. Commonwealth Bancorp Of holds 88,669 shares or 0.01% of its portfolio. Da Davidson & Com holds 200 shares or 0% of its portfolio.

Insider Transactions: Since April 28, 2016, the stock had 1 buy, and 0 insider sales for $146,769 net activity. $146,769 worth of shares were bought by WOLF HOWARD on Thursday, April 28.

Nabors Industries Ltd. owns and operates a land drilling rig fleet in North America. The company has a market cap of $3.73 billion. The Firm is a well-known provider of offshore platform work over and drilling rigs. It currently has negative earnings. It conducts its Drilling & Rig Services business through four divisions: U.S.

NBR Company Profile

Nabors Industries Ltd., incorporated on December 11, 2001, owns and operates a land drilling rig fleet in North America. The Firm is a well-known provider of offshore platform work over and drilling rigs in the United States and multiple international markets. The Firm conducts its Drilling & Rig Services business through four divisions: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company’s fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land drilling activities in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling activities in the United States and multiple international markets. The Firm provides drilling technology and equipment, and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. In addition, the Company makes and leases or sells top drives and other rig equipment.

More important recent Nabors Industries Ltd. (NYSE:NBR) news were published by: Prnewswire.com which released: “Nabors Industries Ltd. Third Quarter 2016 Earnings Conference Call Invitation” on September 29, 2016, also Fool.com published article titled: “Better Buy: Helmerich & Payne, Inc. vs. Nabors Industries Ltd.”, Prnewswire.com published: “Nabors Industries Ltd. First Quarter 2016 Earnings Conference Call Invitation” on April 01, 2016. More interesting news about Nabors Industries Ltd. (NYSE:NBR) was released by: Wsj.com and their article: “Nabors Industries Swings to Loss” with publication date: April 25, 2016.

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