Nabors Industries Ltd. (NYSE:NBR) Position Lowered by Hara Capital LLC

Hara Capital LLC cut its stake in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,682 shares of the oil and gas company's stock after selling 16,705 shares during the quarter. Nabors Industries comprises about 2.3% of Hara Capital LLC's investment portfolio, making the stock its 9th largest position. Hara Capital LLC owned approximately 0.59% of Nabors Industries worth $3,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Nabors Industries during the third quarter worth $45,000. R Squared Ltd purchased a new stake in shares of Nabors Industries in the 4th quarter worth about $70,000. Signaturefd LLC grew its stake in Nabors Industries by 52.9% in the 3rd quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company's stock valued at $88,000 after acquiring an additional 472 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Nabors Industries in the 3rd quarter valued at about $220,000. Finally, SG Americas Securities LLC increased its holdings in Nabors Industries by 79.6% during the 3rd quarter. SG Americas Securities LLC now owns 4,017 shares of the oil and gas company's stock valued at $259,000 after acquiring an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

Nabors Industries Trading Down 6.0 %

NBR traded down $2.75 during trading on Friday, hitting $43.32. The company's stock had a trading volume of 369,126 shares, compared to its average volume of 315,060. Nabors Industries Ltd. has a twelve month low of $42.72 and a twelve month high of $105.96. The firm's 50 day moving average price is $57.41 and its 200-day moving average price is $68.18. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The stock has a market cap of $416.05 million, a PE ratio of -1.94 and a beta of 2.02.

Nabors Industries (NYSE:NBR - Get Free Report) last released 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, analysts expect that Nabors Industries Ltd. will post -6.22 earnings per share for the current year.

Wall Street Analyst Weigh In

NBR has been the topic of several recent research reports. Barclays reduced 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 report on Wednesday. Susquehanna lowered their target price on Nabors Industries from $79.00 to $77.00 and set a "neutral" rating on the stock in a report on Thursday, October 24th. Citigroup raised their price target on Nabors Industries from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Evercore ISI reduced their price objective on Nabors Industries from $94.00 to $85.00 and set an "in-line" rating on the stock in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Nabors Industries currently has a consensus rating of "Hold" and a consensus price target of $79.40.

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.