What Will Happen to Nabors Industries Ltd. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Nabors Industries Ltd. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Nabors Industries Ltd. (NBR) registered an unusually high (115) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious NBR increase. With 115 contracts traded and 824 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: NBR170317C00016000 closed last at: $0.94 or 13.3% up. About 4.52M shares traded hands. Nabors Industries Ltd. (NYSE:NBR) has risen 37.80% since April 25, 2016 and is uptrending. It has outperformed by 31.79% the S&P500.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on February, 21. They expect $-0.33 earnings per share, down 50.00% or $0.11 from last year’s $-0.22 per share. After $-0.35 actual earnings per share reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -5.71% 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. Nabors Industries Ltd. has been the topic of 54 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Monday, September 19 by CapitalOne. Deutsche Bank maintained Nabors Industries Ltd. (NYSE:NBR) on Monday, November 2 with “Buy” rating. As per Wednesday, April 27, the company rating was maintained by Cowen & Co. On Tuesday, November 15 the stock rating was maintained by Howard Weil with “Sector Outperform”. As per Friday, August 14, the company rating was maintained by Citigroup. The stock has “Hold” rating given by Jefferies on Tuesday, January 12. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Wednesday, April 27 by GMP Securities. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Thursday, September 15 by DA Davidson. The firm has “Market Perform” rating given on Monday, August 10 by BMO Capital Markets. The firm earned “Buy” rating on Monday, November 30 by Guggenheim.

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 increased to 1.26 in 2016 Q2. Its up 0.37, from 0.89 in 2016Q1. The ratio increased, 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.
Commercial Bank Of Montreal Can, a Ontario – Canada-based fund reported 351,160 shares. Qs Invsts Lc accumulated 45 shares or 0% of the stock. Sir Cap Lp owns 3.09 million shares or 4.63% of their US portfolio. Us State Bank De last reported 22,749 shares in the company. Blackrock has 193,480 shares for 0% of their US portfolio. Montag A, a Georgia-based fund reported 12,450 shares. The New York-based Millennium Mgmt Llc has invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Sandy Spring Bancshares holds 0% or 1,050 shares in its portfolio. Susquehanna Int Group Llp holds 0% or 162,445 shares in its portfolio. Moreover, Aberdeen Asset Mngmt Plc Uk has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 61,414 shares. Brandywine Glob Management Llc owns 655,179 shares or 0.04% of their US portfolio. Moreover, Blackrock Management Limited Com has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 835,636 shares. Financial Bank Of America Corporation De, a North Carolina-based fund reported 2.23M shares. Moreover, Principal Fincl Grp Inc has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 1.06M shares. Brick And Kyle Associates reported 55 shares or 0% of all its holdings.

Nabors Industries Ltd. owns and operates a land drilling rig fleet in North America. The company has a market cap of $3.82 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 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. First Quarter 2016 Earnings Conference Call Invitation” on April 01, 2016. Wsj.com‘s news article titled: “Nabors Industries Swings to Loss” with publication date: April 25, 2016 was also an interesting one.

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