Economy

Firms Fundamental Overview: Nutanix, Inc. (NASDAQ:NTNX), Nabors Industries Ltd. (NYSE:NBR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Nabors Industries Ltd. (NYSE:NBR) by 12.1% during the first quarter, Holdings Channel reports. Wells Fargo & Company MN owned approximately 0.25% of Nabors Industries worth $5,746,000 at the end of the most recent quarter. After having $-0.65 EPS previously, Editas Medicine Inc's analysts see -6.15% EPS growth.

Tortoise Capital Advisors Llc decreased Sm Energy Co (NYSE:SM) stake by 97,225 shares to 189,759 valued at $3.14 million in 2017Q2. The company has Beta Value of 1.64 and ATR value of 0.32. Highbridge Cap Mgmt Limited Liability Com holds 0.05% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 425,499 shares. Bank of New York Mellon Corp grew its holdings in shares of Nabors Industries by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,125,222 shares of the oil and gas company's stock worth $184,617,000 after buying an additional 3,296,758 shares during the last quarter. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Institutional investors and hedge funds own 95.71% of the company's stock. Nabors Industries Ltd. has $22 highest and $7 lowest target. (NYSE:NBR), 24 have Buy rating, 0 Sell and 7 Hold.

Nabors Industries (NYSE:NBR)'s trailing twelve month revenues are $2.25 Billion, whereas its price to sales ratio for the same period is 0.93. NBR's latest closing price was -32.11% away from the average price of 200 days while it maintained a distance of 2.60% from the 50 Day Moving Average and -5.19% away compared to its SMA 20.

Nabors Industries (NYSE:NBR) last released its earnings results on Wednesday, August 2nd.

26 analysts on average are expecting Nabors Industries Ltd.to report earnings of $-0.28 per share for the current quarter. The business had revenue of $630.50 million during the quarter, compared to analysts' expectations of $589.79 million. The Return on Investment (ROI) ratio of Nabors Industries Ltd. (NBR) is -8.5 percent. Nabors Industries's revenue for the quarter was up 21.9% on a year-over-year basis. The company's a year ago sales total was 519730.

WARNING: "FY2017 Earnings Estimate for Nabors Industries Ltd".

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, June 12th. Nabors Industries's payout ratio is now -9.41%. Hawkins Cap Ltd Partnership reported 0.05% in Nabors Industries Ltd. (NYSE:NBR).

A number of equities research analysts recently commented on the stock. Assetmark Inc reported 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR).

The High Revenue estimate is predicted as 697200, while the Low Revenue Estimate prediction stands at 654000. The industry's and sector's high P/E for the past year is 113.68 and 31.67 respectively and low P/E ratio for the last 5 years is 6.78 for the industry and 10.26 for the Sector. The stock of Nabors Industries Ltd. (NYSE:NBR) earned "Buy" rating by Argus Research on Monday, September 21. The consensus target price is $11.21 with 5 firms rating the stock a strong buy, 13 firms rating the stock a buy, 10 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

Additionally on 10/05/17 Citigroup "Maintained" Nabors Industries (NYSE:NBR) to Buy setting price target at $9.5 and on 9/13/17 Citigroup "Maintained" the stock to Buy at $8.

Nabors Industries Ltd. owns and operates a land drilling rig fleet. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple global markets.



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