Long Term Growth review of Nabors Industries Ltd. (NYSE:NBR)

Lloyd Doyle
October 12, 2017

The stock of Nabors Industries Ltd. (NYSE:NBR) is a huge mover today! The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Nabors Industries by 38.7% in the 2nd quarter. On a Monthly basis the stock is 16.15%. Vanguard Group Inc. grew its holdings in shares of Nabors Industries by 4.8% in the 1st quarter. The company's beta value is at 1.64.

Wall Street analysts are predicting that Nabors Industries (NYSE:NBR) will report earnings per share of $-0.33 in their quarterly report. Seaport Global Securities lowered Nabors Industries from a "buy" rating to a "neutral" rating and decreased their price target for the company from $13.00 to $8.00 in a research note on Wednesday, June 21st. Caxton Associates LP purchased a new position in shares of Nabors Industries in the 2nd quarter valued at about $10,277,000. Deutsche Bank maintained the stock with "Buy" rating in Monday, November 2 report. Finally, State Street Corp grew its holdings in shares of Nabors Industries by 2.2% in the 1st quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nabors Industries Ltd. has $22 highest and $7 lowest target. (NYSE:NBR) opened at 7.51 on Wednesday. It has a market cap of $2.07 Billion. In looking the SMA 50 we see that the stock has seen a 15.52% while it has a distance of 15.17% from the 200 days simple moving average. For the next 5 years, Nabors Industries Ltd.is expecting Growth of 7% per annum, whereas in the past 5 years the growth was -12.67% per annum. After posting $-0.38 EPS for the previous quarter, Nabors Industries Ltd.'s analysts now forecast -13.16 % EPS growth. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. Return on Equity (ROE) stands at -23.2% and Return on Investment (ROI) of -8.5 percent. However the company reported $-0.35 earnings per share for the same quarter during past year.

In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for Nabors Industries Ltd.as 676.83 Million.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.20%. Argus Research maintained it with "Buy" rating and $15 target in Monday, September 21 report.

COPYRIGHT VIOLATION WARNING: "Wells Fargo & Company MN Sells 41,504 Shares of Nabors Industries Ltd. (NBR)" was posted by Week Herald and is the property of of Week Herald. Lsv Asset Mngmt reported 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR).

08/08/2017 - Nabors Industries Ltd. had its "outperform" rating reiterated by analysts at Cowen.

On the other hand Nabors Industries (NYSE:NBR) has Relative Strength Index (RSI 14) of 46.43 along with Average True Range (ATR 14) of 0.32. According to these analysts, the Low Revenue Estimate for Nabors Industries Ltd.is 654 Million and the High Revenue Estimate is 697.2 Million.

09/05/2017 - Nabors Industries Ltd. had its "outperform" rating reiterated by analysts at Sanford C. Bernstein.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). $11.04's average target is 50.00% above currents $7.36 stock price.

While taking a look at financials, we can look at a number of key indicators about Nabors Industries Ltd. (NBR) . The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple worldwide markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

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