Jump Financial LLC Buys 14,253 Shares of Nabors Industries Ltd. (NYSE:NBR)

Jump Financial LLC lifted its position in shares of Nabors Industries Ltd. (NYSE:NBR - Free Report) by 142.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,253 shares of the oil and gas company's stock after purchasing an additional 14,253 shares during the quarter. Jump Financial LLC owned approximately 0.23% of Nabors Industries worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP bought a new stake in Nabors Industries during the 3rd quarter worth approximately $220,000. Barclays PLC lifted its position in Nabors Industries by 60.8% during the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company's stock worth $7,241,000 after buying an additional 42,483 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Nabors Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company's stock worth $13,286,000 after acquiring an additional 3,054 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Nabors Industries by 8.8% during the fourth quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company's stock worth $397,000 after purchasing an additional 563 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Nabors Industries during the fourth quarter valued at approximately $70,000. 81.92% of the stock is currently owned by institutional investors.

Nabors Industries Price Performance

Shares of NYSE:NBR traded up $0.35 during midday trading on Friday, hitting $29.91. The stock had a trading volume of 69,056 shares, compared to its average volume of 341,881. The company's 50-day moving average price is $37.48 and its 200-day moving average price is $56.52. Nabors Industries Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $105.96. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $287.21 million, a P/E ratio of -1.34 and a beta of 1.49.

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%. As a group, equities research analysts predict that Nabors Industries Ltd. will post -6.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NBR. Barclays cut their price target on 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. Morgan Stanley dropped their price target on shares of Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Susquehanna cut their price objective on shares of Nabors Industries from $45.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $71.17.

Nabors Industries 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.