Q4 2017 EPS Estimates for Nabors Industries Ltd. Reduced by Seaport Global Securities (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Seaport Global Securities dropped their Q4 2017 earnings per share estimates for shares of Nabors Industries in a research report issued on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will post earnings per share of ($0.35) for the quarter, down from their prior estimate of ($0.33). Seaport Global Securities has a “Buy” rating and a $13.00 price objective on the stock. Seaport Global Securities also issued estimates for Nabors Industries’ Q1 2018 earnings at ($0.29) EPS, Q2 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.18) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.85) EPS, Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at ($0.10) EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at $0.00 EPS and FY2019 earnings at ($0.25) EPS.

A number of other brokerages have also weighed in on NBR. Zacks Investment Research upgraded Nabors Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine lowered Nabors Industries from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. BMO Capital Markets set a $6.00 price objective on Nabors Industries and gave the company a “hold” rating in a report on Friday, October 27th. Cowen set a $11.00 price objective on Nabors Industries and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. lowered Nabors Industries from an “overweight” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. Nabors Industries has a consensus rating of “Hold” and a consensus target price of $10.89.

Shares of Nabors Industries (NYSE NBR) traded up $0.08 during mid-day trading on Friday, reaching $6.61. The company’s stock had a trading volume of 9,919,698 shares, compared to its average volume of 11,258,004. The company has a quick ratio of 1.27, a current ratio of 1.41 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2,100.00, a price-to-earnings ratio of -2.47 and a beta of 1.58. Nabors Industries has a 12 month low of $5.32 and a 12 month high of $16.06.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp increased its position in shares of Nabors Industries by 6.0% during the 2nd quarter. M&T Bank Corp now owns 16,320 shares of the oil and gas company’s stock worth $133,000 after purchasing an additional 925 shares during the last quarter. Frontier Wealth Management LLC increased its position in shares of Nabors Industries by 11.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 12,561 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 1,284 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Nabors Industries by 3.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 99,514 shares of the oil and gas company’s stock worth $809,000 after purchasing an additional 3,516 shares during the last quarter. Energy Opportunities Capital Management LLC increased its position in shares of Nabors Industries by 1.1% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 365,755 shares of the oil and gas company’s stock worth $2,977,000 after purchasing an additional 4,075 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Nabors Industries by 59.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,905 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 6,708 shares during the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.

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Nabors Industries Company Profile

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

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Earnings History and Estimates for Nabors Industries (NYSE:NBR)

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