The stock of Nabors Industries Ltd. (NYSE:NBR) is a huge mover today! About 2.52M shares traded hands. Nabors Industries Ltd. (NYSE:NBR) has risen 25.39% since April 13, 2016 and is uptrending. It has outperformed by 21.46% the S&P500.
The move comes after 5 months positive chart setup for the $3.86B company. It was reported on Nov, 15 by Barchart.com. We have $18.24 PT which if reached, will make NYSE:NBR worth $1.39 billion more.
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. Nabors Industries Ltd. has been the topic of 53 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley. The rating was maintained by Citigroup with “Buy” on Wednesday, October 5. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Monday, September 21 by Argus Research. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Friday, December 11 by Citigroup. The firm has “Hold” rating by Jefferies given on Tuesday, January 12. The firm has “Strong Buy” rating given on Wednesday, April 27 by Raymond James. As per Wednesday, March 9, the company rating was maintained by Susquehanna. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, August 10 report. On Monday, November 2 the stock rating was maintained by Howard Weil with “Sector Perform”. The firm has “Buy” rating given on Wednesday, April 27 by GMP Securities.
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 Q2 2016. 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.
Elm Ridge Mngmt Lc reported 692,551 shares or 1.68% of all its holdings. California Employees Retirement Sys holds 0.02% or 1.37 million shares in its portfolio. Brown Capital Management Ltd Liability Co holds 718,901 shares or 0.11% of its portfolio. Fmr has 0.02% invested in the company for 11.86 million shares. Fifth Third National Bank, a Ohio-based fund reported 2,785 shares. Meeder Asset Mngmt Incorporated owns 7,726 shares or 0.01% of their US portfolio. Janus Capital Management Ltd has invested 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Ameriprise Fincl holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 1.80 million shares. Point72 Asset Mngmt Ltd Partnership has 0.12% invested in the company for 1.80M shares. Citadel Advsr Ltd Liability Co has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Geode Capital Mgmt Limited Liability Corp accumulated 1.83M shares or 0.01% of the stock. State Of New Jersey Common Pension Fund D owns 420,000 shares or 0.02% of their US portfolio. Moreover, Mutual Of America Cap Mgmt Limited Company has 0.11% invested in Nabors Industries Ltd. (NYSE:NBR) for 494,342 shares. Moreover, Rbf Cap Ltd Liability has 0.28% invested in Nabors Industries Ltd. (NYSE:NBR) for 141,648 shares. Mackenzie Corporation holds 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 315,179 shares.
More recent Nabors Industries Ltd. (NYSE:NBR) news were published by: Fool.com which released: “Better Buy: Helmerich & Payne, Inc. vs. Nabors Industries Ltd.” on July 18, 2016. Also Prnewswire.com published the news titled: “Nabors Industries Ltd. Second Quarter 2016 Earnings Conference Call Invitation” on July 15, 2016. Prnewswire.com‘s news article titled: “Nabors Industries Ltd. First Quarter 2016 Earnings Conference Call Invitation” with publication date: April 01, 2016 was also an interesting one.
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.
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