Nabors Industries Ltd. (NBR) Announces Quarterly Earnings Results

A number of research firms have commented on NBR. Finally, Citigroup Inc reiterated a "buy" rating and set a $8.00 target price (down from $9.00) on shares of Nabors Industries in a research report on Wednesday, September 13th. Wells Fargo & Company downgraded Nabors Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, July 7th. UBS AG reiterated a "buy" rating and issued a $11.00 price objective (down previously from $17.00) on shares of Nabors Industries in a research report on Thursday, July 6th. Citigroup maintained it with "Buy" rating and $9.5 target in Thursday, October 5 report. Tudor Pickering upgraded shares of Nabors Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, November 29th.

Nabors Industries Ltd. has a consensus outperform rating from 27 Wall Street analysts, and the number of shares now sold short amount to at least 10.43% of shares outstanding. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company's stock.

The company's consensus rating on Reuter's scale remained unchanged from 2.2 to 2.2 during a month. Nabors Industries Ltd. (NYSE:NBR) has a 20-Day average volume of 7.85 Million. Limelight Networks, Inc. has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -5.79% from its high of $ 5.18 to a $533.59 million market value through last close. The Price Range of Nabors Industries Ltd. (NYSE:NBR) over the past 52 weeks is 0.377. The stock of Nabors Industries Ltd. (NYSE:NBR) has "Outperform" rating given on Tuesday, August 8 by Cowen & Co. Nabors Industries Ltd. had 96 analyst reports since August 6, 2015 according to SRatingsIntel. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. The Return on Investment and Return on Equity (ROE) values are -8.6 percent and -23.2 percent, respectively. The firm had revenue of $662.50 million during the quarter, compared to the consensus estimate of $674.03 million. The analysts estimated EPS for the higher end at -0.21 and lower end at -0.37 while the year ago reported earnings per share was -0.19. Nabors Industries's revenue was up 27.4% compared to the same quarter a year ago.

Nabors Industries Ltd.'s insider ownership stands at 1.7 percent, while its insider transaction is 0.89 percent.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Similarly, investors look up the share price over 12 month periods. CapitalOne upgraded the shares of NBR in report on Monday, September 19 to "Overweight" rating. For the next 5 years, Nabors Industries expecting Growth of 7% per annum, whereas in the past 5 years the growth was -12.67% per annum.

Rbf Capital Llc increased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 45,150 shares to 115,150 valued at $16.23 million in 2017Q2. Janney Montgomery Scott LLC purchased a new position in shares of Nabors Industries during the second quarter valued at about $150,000. Carlton Hofferkamp And Jenks Wealth Mgmt reported 13,550 shares stake. The Company's Drilling & Rig Services business comprises land-based and offshore drilling rig operations and other rig services, consisting of equipment manufacturing, rig instrumentation and optimization software. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple global markets.

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