Economy

Guggenheim Downgrades Rating On Nabors Industries Ltd. (NBR) To "Neutral"

The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by $0.16. Cardinal Health now has $25.04B valuation. It closed at $105 lastly. It is down 4.95% since June 27, 2016 and is downtrending. It has underperformed by 10.02% the S&P500. So is with Nabors Industries Ltd. (NYSE:NBR), 22 have Buy rating, 0 Sell and 5 Hold. Therefore 85% are positive.

In other Nabors Industries news, CFO William J. Restrepo purchased 22,000 shares of the stock in a transaction dated Tuesday, May 30th. About shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since June 27, 2016 and is uptrending. Scotia Capital maintained the stock with "Top Pick" rating in Friday, November 4 report. State Of Tennessee Treasury Department reported 295,000 shares or 0.03% of all its holdings. Credit Suisse maintained the shares of NBR in report on Friday, September 4 with "Neutral" rating. On Wednesday, June 21 the stock rating was downgraded by Morgan Stanley to "Equal-Weight".

On September 15 analysts at DA Davidson initiated coverage on NBR giving it an initial rating of "Buy". Cardinal Health had 28 analyst reports since August 10, 2015 according to SRatingsIntel.

Analyst recommendation for this stock stands at 3.00.

Wall Street await Nabors Industries Ltd. (NYSE:NBR) to release earnings on August, 1. On average, analysts forecast that Nabors Industries will post ($1.33) EPS for the current year. However its weekly volatility is 1.49% and monthly volatility is 2.04%. It also reduced Juno Therapeutics Inc (NASDAQ:JUNO) stake by 178,324 shares and now owns 199,463 shares. Ishares Tr (IWF) was raised too.

The stock decreased 0.53% or $0.06 on June 26, reaching $11.17. Erickson Andrew had sold 2,000 shares worth $166,560. 72 funds opened positions while 204 raised stakes. Kbc Nv, Belgium-based fund reported 367,327 shares. Breithorn Capital invested in 3,037 shares. About 2.68 million shares traded. Nationwide Fund reported 518,126 shares. Dearborn Prtnrs Limited Co stated it has 259,245 shares. Wedge Capital Mgmt L Lp Nc holds 0.18% or 1.11M shares. Ajo L P reported 8.53M shares or 0.58% of all its holdings. Professional Advisory Inc holds 4,000 shares. Boston Advsr Limited has 0.18% invested in Cardinal Health Inc (NYSE:CAH).

EPS is the portion of a company's profit allocated to each exceptional share of common accretion. Welch And Forbes Limited Liability Com owns 295,695 shares.

Since May 4, 2017, it had 2 buys, and 0 sales for $388,982 activity. With 1.64 million avg volume, 3 days are for State Str Corporation (NYSE:STT)'s short sellers to cover STT's short positions. Another trade for 23,270 shares valued at $1.70M was made by Giacomin Jon L on Friday, May 12.

Nabors Industries Ltd., launched on December 11, 2001, owns and operates a land-based drilling rig fleet. The relative volume of the stock is 0.79, while its market cap is $2.2 Billion. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple global markets. The P/E Ratio measures its current share price relative to its per-share earnings. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

It closed at $7.87 lastly. It has outperformed by 15.96% the S&P500.

Investors sentiment increased to 0.83 in Q4 2016. Its down 0.41, from 1.26 in 2016Q3. It turned negative, as 48 investors sold Nabors Industries Ltd. shares while 114 reduced holdings. 272.31 million shares or 2.15% more from 266.59 million shares in 2016Q3 were reported.

Nabors Industries Ltd. (NBR) now has a Return on Assets (ROA) value of -9.7 Percent. Hexavest accumulated 690,682 shares. Simply put, readings in the range of 80% to 100% indicate that the security is oversold while readings in the 0% to 20% range suggest it is overbought. The company reported revenue of $536.01 Million in the same period past year. Texas Permanent School Fund holds 206,718 shares. Price T Rowe Assoc Md invested in 0% or 187,822 shares. Nomura Asset holds 8,400 shares. Ls Investment Advsrs Limited Liability holds 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 19,238 shares. Perkins Coie Company holds 0.01% or 1,000 shares. Integral Derivatives Lc has 0.01% invested in Nabors Industries Ltd. (NYSE:NBR) for 32,637 shares.

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