Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Blackrock Institutional Tru Na has invested 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Municipal Employees Retirement System of MI now owns 131,340 shares of the oil and gas company's stock worth $1,717,000 after buying an additional 1,990 shares during the period.
Metropolitan Life Insurance Co Ny stated it has 264,597 shares. Can increased its stake in shares of Nabors Industries by 0.3% in the first quarter. Morgan Stanley now owns 18,787,378 shares of the oil and gas company's stock worth $245,552,000 after buying an additional 114,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Nabors Industries by 5.6% in the first quarter. On the bright side, the company's share price has been on the rebound, up more than 115.19% since hitting lows of $7.9 on June 20, 2017. Vanguard Group Inc. boosted its stake in Nabors Industries by 4.8% in the first quarter. State Treasurer State of MI now owns 115,963 shares of the oil and gas company's stock worth $1,516,000 after buying an additional 1,800 shares during the period. New York State Common Retirement Fund, New York-based fund reported 1.83 million shares.
Since May 4, 2017, it had 2 insider purchases, and 0 sales for $388,982 activity. 10,814,532 shares of the company's stock were exchanged. Fairfax Financial Holdings Ltd Can who had been investing in Rayonier Advanced Matls Inc for a number of months, seems to be less bullish one the $667.32M market cap company. In terms of moving averages, the 200-day is now at 72.73, the 50-day is 70.79, and the 7-day is resting at 73.01.
Nabors Industries Ltd. (NBR) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 1.47 P/E and the sector P/E is 16.48. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by $0.16. The company had revenue of $563 million during the quarter, compared to the consensus estimate of $569.96 million. They expect $0.22 EPS, down 52.17% or $0.24 from last year's $0.46 per share. On average, equities analysts predict that Nabors Industries will post ($1.33) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.02%. Nabors Industries's dividend payout ratio is now -8.76%.
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Nabors Industries (NBR) traded down 6.78% during midday trading on Wednesday, reaching $7.42.
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On June 19, 2017, approximately 81.0% of analysts tracking Nabors Industries rated it a "buy" or some equivalent. Analysts reported that the Price Target for Nabors Industries Ltd. might touch $22 high while the Average Price Target and Low price Target is $15.88 and $8 respectively. Wesbanco Bank Inc owns 260,279 shares or 0.2% of their USA portfolio. Amalgamated Bank now owns 43,769 shares of the oil and gas company's stock valued at $572,000 after buying an additional 1,224 shares during the last quarter. Citigroup maintained Nabors Industries Ltd. (NYSE:NBR) on Friday, March 18 with "Buy" rating. Evercore ISI started coverage on shares of Nabors Industries in a research note on Wednesday, February 22nd. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. Instinet upgraded Nabors Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $15.00 to $17.00 in a report on Wednesday, April 5th. The stock was purchased at an average cost of $9.43 per share, with a total value of $207,460.00. Following the completion of the acquisition, the chief financial officer now directly owns 959,694 shares in the company, valued at approximately $7,917,475.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet.
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Firm conducts its Drilling & Rig Services business through four divisions: U.S.
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