Price Action To Observe: It Seems Nabors Industries Ltd. Will Go Up. Have Another Big Increase

Price Action To Observe: It Seems Nabors Industries Ltd. Will Go Up. Have Another Big Increase

The stock of Nabors Industries Ltd. (NYSE:NBR) is a huge mover today! About 7.52M shares traded hands or 11.74% up from the average. Nabors Industries Ltd. (NYSE:NBR) has risen 33.98% since April 27, 2016 and is uptrending. It has outperformed by 28.75% the S&P500.
The move comes after 6 months positive chart setup for the $4.42 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.79 PT which if reached, will make NYSE:NBR worth $221.00M more.

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 19 analysts covering Nabors Industries Ltd. (NYSE:NBR), 16 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 84% are positive. Nabors Industries Ltd. has been the topic of 55 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, December 21 by Credit Suisse. The rating was upgraded by Citigroup on Friday, December 11 to “Buy”. Credit Suisse maintained the stock with “Neutral” rating in Friday, September 4 report. On Tuesday, November 29 the stock rating was upgraded by Tudor Pickering to “Buy”. On Monday, November 2 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Positive” rating given on Wednesday, March 9 by Susquehanna. Citigroup maintained Nabors Industries Ltd. (NYSE:NBR) on Friday, March 18 with “Buy” rating. Citigroup maintained the shares of NBR in a report on Friday, August 14 with “Neutral” rating. On Wednesday, October 5 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Sector Perform” rating on Monday, November 2 by Howard Weil.

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 improved, 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.
Assetmark Inc has 0% invested in the company for 3,202 shares. State Board Of Administration Of Florida Retirement has invested 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Vanguard Gp last reported 20.28M shares in the company. Signaturefd Lc holds 201 shares or 0% of its portfolio. Allianz Asset Mgmt Ag holds 0% or 267,547 shares in its portfolio. Moreover, Manufacturers Life Com The has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 470,470 shares. Teachers Retirement Of The State Of Kentucky accumulated 0.01% or 63,100 shares. Moreover, California State Teachers Retirement System has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 599,363 shares. Schwab Charles Investment Management holds 0.02% or 1.22 million shares in its portfolio. Citigroup has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Rhumbline Advisers holds 0.01% or 463,032 shares in its portfolio. Cubist Systematic Strategies Ltd Liability owns 18,573 shares or 0.01% of their US portfolio. Northern Corp reported 2.46M shares or 0.01% of all its holdings. Ameritas Inv Prtnrs Inc has invested 0.03% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Bogle Investment Management Ltd Partnership De accumulated 0.63% or 904,493 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. 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.

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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