Will Nabors Industries Ltd. (NBR) Go Down Anytime Soon?

Nabors Industries Ltd. (NYSE:NBR) Logo

Investors sentiment decreased to 0.93 in Q2 2019. Its down 0.17, from 1.1 in 2019Q1. It dived, as 38 investors sold Nabors Industries Ltd. shares while 66 reduced holdings. 27 funds opened positions while 70 raised stakes. 284.57 million shares or 2.44% less from 291.67 million shares in 2019Q1 were reported.
Voya Investment Mgmt Limited Liability Com holds 0% or 134,199 shares. Marathon Cap Mngmt invested 0.25% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Lpl Financial Ltd Llc invested in 0% or 19,228 shares. Wetherby Asset Management has invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Nuveen Asset Ltd Liability Company has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Moreover, Synovus Fin Corporation has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 3,600 shares. Oppenheimer & Co Incorporated invested in 0% or 40,966 shares. Kbc Group Inc Nv holds 0% or 124,983 shares in its portfolio. Jfs Wealth Limited Liability invested in 366 shares or 0% of the stock. Pitcairn accumulated 13,232 shares. M&T Fincl Bank stated it has 33,406 shares or 0% of all its holdings. Swiss Bank owns 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 632,455 shares. Texas Permanent School Fund holds 224,282 shares. Perkins Coie Company reported 0% in Nabors Industries Ltd. (NYSE:NBR). Utd Svcs Automobile Association reported 52,329 shares.

Since June 14, 2019, it had 2 buys, and 0 sales for $474,760 activity. 177,100 shares were bought by Restrepo William J, worth $359,065 on Friday, June 14.

The stock of Nabors Industries Ltd. (NYSE:NBR) is a huge mover today! The stock increased 4.07% or $0.09 during the last trading session, reaching $2.3. About 6.11 million shares traded. Nabors Industries Ltd. (NYSE:NBR) has declined 51.40% since September 13, 2018 and is downtrending. It has underperformed by 51.40% the S&P500.
The move comes after 8 months positive chart setup for the $857.21M company. It was reported on Sep, 13 by Barchart.com. We have $2.44 PT which if reached, will make NYSE:NBR worth $51.43M more.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on October, 29. They expect $-0.21 EPS, up 32.26 % or $0.10 from last year’s $-0.31 per share. After $-0.41 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -48.78 % EPS growth.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 2 analysts covering Nabors Industries (NYSE:NBR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nabors Industries has $500 highest and $4 lowest target. $4.50’s average target is 95.65% above currents $2.3 stock price. Nabors Industries had 4 analyst reports since March 14, 2019 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, March 14 by Citigroup. Morgan Stanley maintained the stock with “Overweight” rating in Friday, July 12 report.

More notable recent Nabors Industries Ltd. (NYSE:NBR) news were published by: Seekingalpha.com which released: “China Natural Resources and Parker Drilling among Energy/Materials gainers; FTS International and Seadrill among losers – Seeking Alpha” on September 12, 2019, also Finance.Yahoo.com with their article: “5 Dollar Stocks to Buy Now – Yahoo Finance” published on September 10, 2019, Seekingalpha.com published: “Nabors Industries Is Not Inspiring – Seeking Alpha” on March 20, 2019. More interesting news about Nabors Industries Ltd. (NYSE:NBR) were released by: Seekingalpha.com and their article: “Expect Nabors Industries To Turnaround Soon – Seeking Alpha” published on July 21, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did Hedge Funds Drop The Ball On Nabors Industries Ltd. (NBR) ? – Yahoo Finance” with publication date: May 07, 2019.

Nabors Industries Ltd. provides drilling and rig services. The company has market cap of $857.21 million. The firm offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and It provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to gas and oil exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rigÂ’s real-time performance and offers daily reporting for drilling operations; and DRILLSMART software that allows the drilling system to adapt to operating parameters and drilling conditions. It currently has negative earnings. The firm also provides measurement while drilling systems and services; makes and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment; and offers well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, data collection, and other support services.

Nabors Industries Ltd. (NYSE:NBR) Ratings Chart

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