4,093 Shares in Nabors Industries Ltd. (NYSE:NBR) Purchased by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Nabors Industries Ltd. (NYSE:NBR) during the 4th quarter, Holdings Channel reports. The firm bought 4,093 shares of the oil and gas company’s stock, valued at approximately $234,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Nabors Industries by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 696,155 shares of the oil and gas company’s stock valued at $39,799,000 after purchasing an additional 18,017 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Nabors Industries by 12.0% during the 4th quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company’s stock worth $16,340,000 after purchasing an additional 30,537 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nabors Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock worth $13,286,000 after purchasing an additional 3,054 shares during the last quarter. Van ECK Associates Corp lifted its stake in Nabors Industries by 41.0% in the 4th quarter. Van ECK Associates Corp now owns 202,552 shares of the oil and gas company’s stock valued at $11,580,000 after buying an additional 58,946 shares in the last quarter. Finally, Barclays PLC grew its holdings 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 valued at $7,241,000 after buying an additional 42,483 shares during the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NBR. Morgan Stanley reduced their price objective on Nabors Industries from $115.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Susquehanna cut their target price on shares of Nabors Industries from $53.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Barclays decreased 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 research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.33.

Nabors Industries Stock Performance

Shares of NBR opened at $28.71 on Friday. The stock has a market capitalization of $275.73 million, a PE ratio of -1.28 and a beta of 1.49. The business’s fifty day moving average price is $41.70 and its 200 day moving average price is $59.04. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. Nabors Industries Ltd. has a 12-month low of $25.11 and a 12-month high of $105.96.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that Nabors Industries Ltd. will post -6.22 EPS for the current year.

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.