American Century Companies Inc. Raises Holdings in Nabors Industries Ltd. (NYSE:NBR)

American Century Companies Inc. grew its stake in Nabors Industries Ltd. (NYSE:NBR - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 285,815 shares of the oil and gas company's stock after buying an additional 30,537 shares during the quarter. American Century Companies Inc. owned 2.67% of Nabors Industries worth $16,340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NBR. US Bancorp DE lifted its stake in Nabors Industries by 234.9% in the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 505 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Nabors Industries during the 4th quarter worth $70,000. Wellington Management Group LLP purchased a new stake in Nabors Industries during the 3rd quarter worth about $220,000. Atom Investors LP acquired a new position in Nabors Industries in the third quarter valued at approximately $332,000. Finally, Intech Investment Management LLC lifted its position in shares of Nabors Industries by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 5,372 shares of the oil and gas company's stock worth $346,000 after buying an additional 322 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Price Performance

Shares of Nabors Industries stock traded down $7.63 during trading on Friday, reaching $29.05. The company's stock had a trading volume of 1,059,856 shares, compared to its average volume of 332,698. The business has a 50 day moving average price of $45.78 and a 200-day moving average price of $60.88. Nabors Industries Ltd. has a 12-month low of $28.07 and a 12-month high of $105.96. The company has a market capitalization of $279.03 million, a P/E ratio of -1.30 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95.

Nabors Industries (NYSE:NBR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%. As a group, sell-side analysts anticipate that Nabors Industries Ltd. will post -6.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NBR shares. Barclays cut their price target on shares of Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Susquehanna decreased their target price on Nabors Industries from $53.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley reduced their price objective on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Nabors Industries has a consensus rating of "Hold" and an average price target of $73.33.

About Nabors Industries

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.