Nabors Industries Ltd. (NBR) Position Raised by BlackRock Inc.

BlackRock Inc. increased its position in shares of Nabors Industries Ltd. (NYSE:NBR) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,843,713 shares of the oil and gas company’s stock after purchasing an additional 29,810 shares during the quarter. BlackRock Inc. owned 8.69% of Nabors Industries worth $202,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Fund Management S.A. lifted its position in Nabors Industries by 25.7% during the second quarter. Capital Fund Management S.A. now owns 1,627,104 shares of the oil and gas company’s stock worth $13,245,000 after purchasing an additional 333,140 shares during the period. Aberdeen Asset Management PLC UK lifted its position in Nabors Industries by 94.1% during the second quarter. Aberdeen Asset Management PLC UK now owns 56,177 shares of the oil and gas company’s stock worth $457,000 after purchasing an additional 27,234 shares during the period. CIBC World Markets Inc. bought a new stake in Nabors Industries during the second quarter worth about $662,000. Kennedy Capital Management Inc. lifted its position in Nabors Industries by 50.7% during the second quarter. Kennedy Capital Management Inc. now owns 1,908,384 shares of the oil and gas company’s stock worth $15,534,000 after purchasing an additional 641,688 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Nabors Industries during the second quarter worth about $7,237,000. 95.71% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Ltd. (NBR) opened at 7.55 on Monday. The firm’s market cap is $2.16 billion. The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $8.92. Nabors Industries Ltd. has a 1-year low of $6.18 and a 1-year high of $18.40.

Nabors Industries (NYSE:NBR) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.03). The firm had revenue of $630.50 million during the quarter, compared to the consensus estimate of $589.79 million. Nabors Industries had a negative return on equity of 13.31% and a negative net margin of 32.35%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. On average, analysts anticipate that Nabors Industries Ltd. will post ($1.50) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.18%. Nabors Industries’s payout ratio is -9.41%.

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NBR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Nabors Industries from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine cut shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Wells Fargo & Company cut shares of Nabors Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, July 7th. Guggenheim raised shares of Nabors Industries from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Societe Generale initiated coverage on shares of Nabors Industries in a researc

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Fund Management S.A. lifted its position in Nabors Industries by 25.7% during the second quarter. Capital Fund Management S.A. now owns 1,627,104 shares of the oil and gas company’s stock worth $13,245,000 after purchasing an additional 333,140 shares during the period. Aberdeen Asset Management PLC UK lifted its position in Nabors Industries by 94.1% during the second quarter. Aberdeen Asset Management PLC UK now owns 56,177 shares of the oil and gas company’s stock worth $457,000 after purchasing an additional 27,234 shares during the period. CIBC World Markets Inc. bought a new stake in Nabors Industries during the second quarter worth about $662,000. Kennedy Capital Management Inc. lifted its position in Nabors Industries by 50.7% during the second quarter. Kennedy Capital Management Inc. now owns 1,908,384 shares of the oil and gas company’s stock worth $15,534,000 after purchasing an additional 641,688 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Nabors Industries during the second quarter worth about $7,237,000. 95.71% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Ltd. (NBR) opened at 7.55 on Monday. The firm’s market cap is $2.16 billion. The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $8.92. Nabors Industries Ltd. has a 1-year low of $6.18 and a 1-year high of $18.40.

Nabors Industries (NYSE:NBR) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.03). The firm had revenue of $630.50 million during the quarter, compared to the consensus estimate of $589.79 million. Nabors Industries had a negative return on equity of 13.31% and a negative net margin of 32.35%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. On average, analysts anticipate that Nabors Industries Ltd. will post ($1.50) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.18%. Nabors Industries’s payout ratio is -9.41%.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/nabors-industries-ltd-nbr-position-raised-by-blackrock-inc.html.

NBR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Nabors Industries from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine cut shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Wells Fargo & Company cut shares of Nabors Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, July 7th. Guggenheim raised shares of Nabors Industries from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Societe Generale initiated coverage on shares of Nabors Industries in a research report on Thursday, August 31st. They set a “hold” rating and a $7.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company’s stock. Nabors Industries currently has a consensus rating of “Buy” and an average target price of $12.24.

Nabors Industries Company Profile

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

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