14 number of analysts have estimated the sales of the company for the quarter ending Oct 23, 2017- Oct 27, 2017, analysts estimated mean sale target of 754.28 million while high and low sale targets are estimated at 816.52 million and 675 million respectively.
Maximum and minimum EPS estimate for the current quarter is projected at $-0.21 and $-0.37, respectively, according to 26 analysts. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover QCOM having a buy-equivalent rating. Myriad Asset Management Ltd sold 99,400 shares as Nabors Industries Ltd (NBR)'s stock declined 31.29%. Evercore ISI reaffirmed an "outperform" rating and set a $18.00 price target on shares of Nabors Industries in a research report on Tuesday, June 20th. Seaport Global Securities downgraded Nabors Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $13.00 to $8.00 in a report on Wednesday, June 21st. On August 15 the company was changed to "Buy" in a report from Guggenheim which is up from the previous "Neutral" rating. Lsv Asset Mngmt reported 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR).
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Analysts set a 12-month price target of $10.21 a share. It has a market cap of $2.07 Billion. "Issued By Capital One Financial Corporation (NBR)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of US & worldwide copyright & trademark legislation. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since October 12, 2016 and is uptrending.
Nabors Industries Ltd. (NBR) stock price tumbled -0.40% to finalize at $7.48 throughout previous buying and selling session.
The Relative Volume of the company is 0.87 and Average Volume (3 months) is 7.93 million. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market.
While looking at the Stock's Performance, Nabors Industries Ltd. now shows a Weekly Performance of -3.72%, where Monthly Performance is 12.43%, Quarterly performance is -0.13%, 6 Months performance is -47.04% and yearly performance percentage is -41.92%. Restrepo William J also bought $207,460 worth of Nabors Industries Ltd. (NYSE:NBR) shares. The company beat the analyst EPS Estimate with the difference of $-0.01. Nabors Industries had a negative return on equity of 8.04% and a negative net margin of 36.84%. The firm had revenue of $630.50 million for the quarter, compared to the consensus estimate of $589.79 million. Equities research analysts expect that Nabors Industries will post ($1.49) earnings per share for the current year. The firm has "Hold" rating given on Wednesday, June 21 by BMO Capital Markets.
The company recently declared a dividend for shareholders paid on Tuesday the 3rd of October 2017. Stockholders of record on Tuesday, September 12th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.24%. Nabors Industries's dividend payout ratio is presently -7.92%. Institutional investors and hedge funds own 95.71% of the company's stock. Energy Opportunities Capital Management LLC increased its holdings in shares of Nabors Industries by 1.1% in the 2nd quarter. The Stock now has a Weekly Volatility of 3.56% and Monthly Volatility of 4.02%. Wright Investors Service Inc. lifted its holdings in Nabors Industries by 2.2% in the 2nd quarter. The Company provides wellbore placement services, drilling software and performance tools, drilling equipment and various technologies throughout the oil and gas markets. Morgan Stanley now owns 18,787,378 shares of the oil and gas company's stock worth $245,552,000 after acquiring an additional 114,423 shares during the last quarter. Wells Fargo & Company MN owned approximately 0.25% of Nabors Industries worth $5,746,000 at the end of the most recent quarter. Bank of New York Mellon Corp boosted its stake in Nabors Industries by 30.4% in the first quarter. Investors measure stock performance on the basis of a company's earnings power.