Nabors Industries Ltd. (NYSE:NBR) Shares Bought by Creative Planning

Creative Planning grew its holdings in Nabors Industries Ltd. (NYSE:NBR) by 62.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,756 shares of the oil and gas company’s stock after acquiring an additional 3,360 shares during the period. Creative Planning owned about 0.08% of Nabors Industries worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Nabors Industries by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 181 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Nabors Industries by 29.1% during the first quarter. GAMMA Investing LLC now owns 1,474 shares of the oil and gas company’s stock worth $127,000 after buying an additional 332 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Nabors Industries by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,471 shares of the oil and gas company’s stock valued at $558,000 after acquiring an additional 399 shares in the last quarter. Swiss National Bank raised its holdings in Nabors Industries by 3.4% in the first quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company’s stock valued at $1,593,000 after acquiring an additional 600 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Nabors Industries by 14.5% in the second quarter. AQR Capital Management LLC now owns 4,753 shares of the oil and gas company’s stock worth $338,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

NBR has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $114.00 target price on shares of Nabors Industries in a research note on Thursday, July 25th. Citigroup lowered Nabors Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $75.00 in a research report on Friday, September 13th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Nabors Industries currently has an average rating of “Hold” and a consensus target price of $104.50.

Nabors Industries Stock Up 3.8 %

NBR stock opened at $79.96 on Monday. Nabors Industries Ltd. has a 12 month low of $59.67 and a 12 month high of $127.56. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.82 and a quick ratio of 1.57. The company has a market cap of $855.73 million, a price-to-earnings ratio of -5.79 and a beta of 2.11. The company has a fifty day moving average price of $74.08 and a 200 day moving average price of $75.89.

Nabors Industries (NYSE:NBR) last announced its earnings results on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing the consensus estimate of ($1.77) by ($2.52). The business had revenue of $742.98 million for the quarter, compared to analyst estimates of $737.91 million. Nabors Industries had a negative return on equity of 28.10% and a negative net margin of 4.73%. Nabors Industries’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted ($2.26) EPS. Sell-side analysts expect that Nabors Industries Ltd. will post -12.24 earnings per share for the current year.

Nabors Industries Profile

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.