Nabors Industries Ltd (NBR) saw an uptrend of 6.35% in the recent trading with $35.48 being its most recent. The current price level -59.44% lower than the highest price of $87.46 marked by the stock while trading over the past 52-weeks, whereas it is 52.47% higher than the lowest price of $23.27 the company dropped to over past 52-weeks. The latest news story on NBR appeared in (Insider Monkey) under the title “Miller Deep Value Strategy Increased Its Holdings in Nabors Industries (NBR) in Q2”.
Looking into the simple moving average, Nabors Industries Ltd (NBR)’s stock stands at a SMA-50 of $31.83 while that of 5-day is reading $33.67.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NBR’s SMA-200 as of now is $46.50.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.40 for the stock.
Nabors Industries Ltd Earnings – What Happened With NBR
Coming around sales and income figures on NBR Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Nabors Industries Ltd (NBR) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -261.32% for net revenue.
NBR – Nabors Industries Ltd Stock Earnings Estimates
The perspective of Nabors Industries Ltd (NYSE:NBR)’s current quarter earnings identifies that analysts are in consensus over the estimate of -1.9 for stock’s EPS in the current quarter. Nabors Industries Ltd (NBR) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -261.32% for net revenue. Company’s EPS for the last quarter was -6.86.
Nabors Industries Ltd – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 14.57 million. NBR does have institutional investors; and they hold 124.16% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in Nabors Industries Ltd (NYSE:NBR) with an ownership of 1.51 million shares of the company or 16.4481 of the stake worth $107.76 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 8.3964 of the outstanding shares. Its stake is worth $55.01 million for having 0.77 million shares in hand.
GENDELL JEFFREY L also came holding a key position in the company during the recent quarter and it now holds 5.5707 of the outstanding shares. With this there are now 262.0 institutions which have possession in NBR’s shares.
Key Metrics forNBR
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Nabors Industries Ltd has a debt to equity ratio of 8.72.
