Nabors Industries Ltd. $NBR Shares Sold by Tejara Capital Ltd

Tejara Capital Ltd lessened its position in shares of Nabors Industries Ltd. (NYSE:NBR) by 60.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,941 shares of the oil and gas company’s stock after selling 40,388 shares during the period. Tejara Capital Ltd owned about 0.19% of Nabors Industries worth $1,463,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Nabors Industries by 244.6% in the 3rd quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 631 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Nabors Industries by 23.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 289 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Nabors Industries by 153.9% in the third quarter. Russell Investments Group Ltd. now owns 3,222 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 1,953 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Nabors Industries by 720.6% in the second quarter. Osaic Holdings Inc. now owns 5,703 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 5,008 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nabors Industries in the third quarter valued at $207,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NBR shares. Citigroup upped their price objective on Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $65.00 to $99.00 in a research note on Thursday, May 7th. Royal Bank Of Canada upped their price target on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Susquehanna reissued a “neutral” rating and set a $105.00 price objective (up from $85.00) on shares of Nabors Industries in a report on Thursday, April 30th. Finally, UBS Group set a $70.00 price objective on shares of Nabors Industries in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.63.

Nabors Industries Stock Up 2.1%

Nabors Industries stock opened at $103.51 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 8.11 and a beta of 1.01. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97. Nabors Industries Ltd. has a fifty-two week low of $23.27 and a fifty-two week high of $105.80. The stock has a 50-day simple moving average of $86.31 and a 200-day simple moving average of $68.70.

Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.49) by $0.95. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The firm had revenue of $783.55 million for the quarter, compared to the consensus estimate of $769.33 million. During the same quarter last year, the business posted $2.18 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Nabors Industries Ltd. will post -4.6 earnings per share for the current year.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land?based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full?service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.