1 day Ago By ABMN Staff
Marshall Wace LLP acquired a new position in Nabors Industries Ltd. ( NYSE:NBR – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,221 shares of the oil and gas company’s stock, valued at approximately $1,042,000.
Marshall Wace LLP owned 0.17% of Nabors Industries as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in NBR.
Barclays PLC grew its position in shares of Nabors Industries by 60.8% during the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock worth $7,241,000 after purchasing an additional 42,483 shares in the last quarter.
Geode Capital Management LLC grew its position in shares of Nabors Industries by 1.5% during the third 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 in the last quarter.
Inspire Investing LLC grew its position in shares of Nabors Industries by 8.8% during the fourth quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company’s stock worth $397,000 after purchasing an additional 563 shares in the last quarter.
R Squared Ltd purchased a new stake in shares of Nabors Industries during the fourth quarter worth about $70,000. Finally, Entropy Technologies LP grew its position in shares of Nabors Industries by 65.5% during the fourth quarter.
Entropy Technologies LP now owns 15,394 shares of the oil and gas company’s stock worth $880,000 after purchasing an additional 6,095 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.
Nabors Industries Trading Down 2.3 % Shares of NBR opened at $28.71 on Wednesday.
The company’s fifty day moving average is $36.51 and its 200 day moving average is $55.39.
Nabors Industries Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $105.
96. The stock has a market capitalization of $275.73 million, a PE ratio of -1.
28 and a beta of 1.49. The company has a debt-to-equity ratio of 5.
95, a quick ratio of 1.52 and a current ratio of 1.75.
Analyst Upgrades and Downgrades Several analysts recently issued reports on the company. Barclays cut their target price on Nabors Industries from $90.00 to $53.
00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley lowered their target price on Nabors Industries from $115.00 to $75.
00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Susquehanna cut their target price on shares of Nabors Industries from $45.00 to $32.
00 and set a “neutral” rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.17. View Our Latest Analysis on Nabors Industries Nabors Industries Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding NBR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Nabors Industries Ltd. ( NYSE:NBR – Free Report ). Receive News & Ratings for Nabors Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nabors Industries and related companies with MarketBeat.
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