Analysts Set Nabors Industries Ltd. (NYSE:NBR) PT at $73.00

Nabors Industries Ltd. (NYSE:NBR - Get Free Report) has been given a consensus recommendation of "Hold" by the six ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $73.00.

A number of equities analysts recently commented on NBR shares. Barclays decreased their target price on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Susquehanna lowered their price objective on Nabors Industries from $53.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th.

Nabors Industries Stock Performance

Shares of Nabors Industries stock traded up $1.45 during trading hours on Friday, reaching $44.53. 254,094 shares of the stock traded hands, compared to its average volume of 365,124. Nabors Industries has a one year low of $34.42 and a one year high of $105.96. The firm has a market capitalization of $427.67 million, a price-to-earnings ratio of -1.99 and a beta of 2.08. 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 50 day moving average price of $51.88 and a 200 day moving average price of $63.20.

Nabors Industries (NYSE:NBR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) 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%. On average, equities research analysts expect that Nabors Industries will post -6.22 earnings per share for the current fiscal year.

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Institutional Trading of Nabors Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Nabors Industries during the 4th quarter valued at about $36,000. US Bancorp DE boosted its stake in Nabors Industries by 234.9% during the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock valued at $41,000 after buying an additional 505 shares during the last quarter. R Squared Ltd purchased a new position in Nabors Industries during the 4th quarter valued at approximately $70,000. KLP Kapitalforvaltning AS bought a new stake in Nabors Industries in the 4th quarter worth approximately $97,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Nabors Industries during the 3rd quarter worth approximately $220,000. 81.92% of the stock is currently owned by institutional investors.

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.