9,725 Shares in Nabors Industries Ltd. (NYSE:NBR) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in Nabors Industries Ltd. (NYSE:NBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,725 shares of the oil and gas company's stock, valued at approximately $556,000. Bryce Point Capital LLC owned approximately 0.09% of Nabors Industries as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. US Bancorp DE boosted its holdings in Nabors Industries by 234.9% in the 4th quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock worth $41,000 after buying an additional 505 shares during the last quarter. R Squared Ltd purchased a new position in Nabors Industries in the 4th quarter valued at $70,000. KLP Kapitalforvaltning AS acquired a new stake in Nabors Industries during the 4th quarter worth $97,000. Wellington Management Group LLP acquired a new stake in shares of Nabors Industries in the third quarter valued at about $220,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Nabors Industries in the fourth quarter worth about $313,000. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nabors Industries Stock Down 4.9 %

NYSE:NBR traded down $1.47 during mid-day trading on Tuesday, hitting $28.39. The stock had a trading volume of 125,852 shares, compared to its average volume of 333,316. Nabors Industries Ltd. has a twelve month low of $26.23 and a twelve month high of $105.96. The stock has a 50-day simple moving average of $45.15 and a two-hundred day simple moving average of $60.57. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $272.70 million, a PE ratio of -1.27 and a beta of 1.49.

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

Nabors Industries Company Profile

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.