Economy

Nabors Industries Ltd. (NBR) - Citigroup Maintains Rating And Updates Price Target

Nabors Industries Ltd. (NBR) - Citigroup Maintains Rating And Updates Price Target”

Nabors Industries Ltd. also announced a dividend payable on Tuesday October 3rd, 2017.

These funds have shifted positions in (NBR). 272.31 million shares or 2.15% more from 266.59 million shares in 2016Q3 were reported. In contrast to the year ago quarter EPS was at -0.18. Manufacturers Life Insurance The reported 386,066 shares stake. The Ardevora Asset Management Llp holds 1.98 million shares with $32.49 million value, down from 2.65M last quarter. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.01% or 36,181 shares. Finally, Zacks Investment Research raised shares of Nabors Industries from a "sell" rating to a "hold" rating in a report on Monday.

Nabors Industries Ltd.is trading up by 5.67% since yesterday's close of 7.23 making it one of today's top gainers. Hsbc Public Ltd Company reported 70,087 shares. 4,270 were accumulated by Thompson Siegel & Walmsley Limited Com. The monthly stock performance comes in at 8.89%. Van Eck Associates Corp stated it has 16.33 million shares or 1.33% of all its holdings.

Investors are more bullish on Nabors Industries Ltd. recently as indicated by the change in short interest. Riverhead Capital Ltd Llc has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Blackrock Japan Ltd owns 20,293 shares. The share price has moved forward from its 20 days moving average, trading at a distance of 3.82% and stays 3.65% away from its 50 days moving average.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings results on Wednesday, August 2nd. Genetic Technologies Limited (ADR) (NASDAQ:GENE) has declined 49.77% since September 13, 2016 and is downtrending.

More news: Banco Bradesco SA (BBDO) Declares Special Dividend of $0.01

18 number of analysts have estimated the sales of the company for the quarter ending Oct 23, 2017- Oct 27, 2017, analysts estimated mean sale target of 730.76 million while high and low sale targets are estimated at 790.7 million and 672.02 million respectively. (NYSE:NBR), 24 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive. Cowen and Company reduced their price objective on Nabors Industries from $13.00 to $10.50 and set an "outperform" rating on the stock in a report on Tuesday, August 8th. In looking at volatility levels, the shares saw weekly volatility of 5.40% and 4.51% over the past month. Nabors Industries Ltd. has a 52-week low of 6.18 and a 52-week high of 18.40. As per Wednesday, June 21, the company rating was downgraded by Seaport Global.

05/03/2017 - Nabors Industries Ltd. had its "hold" rating reiterated by analysts at Jefferies. The stock rose 2.42% or $0.18 reaching $7.41. The company was upgraded on Wednesday, April 27 by GMP Securities. Deutsche Bank maintained Nabors Industries Ltd. (NYSE:NBR) rating on Monday, November 2. Venturi Wealth Management LLC now owns 12,260 shares of the oil and gas company's stock valued at $154,000 after buying an additional 320 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: "Nabors Industries (NBR) Earning Somewhat Positive Press Coverage, Analysis Finds" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. It has outperformed by 15.96% the S&P500. Breaking that down further, it has performed -0.72% for the week, 0.74% for the month, -23.80% over the last quarter, -47.67% for the past half-year and -32.91% for this a year ago.

Nabors Industries Ltd.'s insider ownership stands at 1.7 percent, while its insider transaction is 0.86 percent. The market capitalization of the company is at $2.08 Billion. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple worldwide markets. It now has negative earnings. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. Seekingalpha.com's article titled: "Nabors Industries And Its Charms" and published on September 06, 2017 is yet another important article.



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