Quadrant Capital Group LLC Buys 502 Shares of Nabors Industries Ltd. (NYSE:NBR)

Quadrant Capital Group LLC raised its stake in shares of Nabors Industries Ltd. (NYSE:NBR) by 202.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the oil and gas company’s stock after acquiring an additional 502 shares during the period. Quadrant Capital Group LLC’s holdings in Nabors Industries were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NBR. Gendell Jeffrey L boosted its holdings in Nabors Industries by 75.1% during the third quarter. Gendell Jeffrey L now owns 384,182 shares of the oil and gas company’s stock worth $47,308,000 after purchasing an additional 164,816 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Nabors Industries by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 295,256 shares of the oil and gas company’s stock valued at $24,102,000 after acquiring an additional 13,324 shares during the last quarter. Van ECK Associates Corp boosted its position in Nabors Industries by 6.7% in the fourth quarter. Van ECK Associates Corp now owns 214,415 shares of the oil and gas company’s stock worth $17,503,000 after purchasing an additional 13,552 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Nabors Industries by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 181,613 shares of the oil and gas company’s stock valued at $14,825,000 after purchasing an additional 13,980 shares during the period. Finally, Pantechnicon Advisors LLP purchased a new stake in shares of Nabors Industries during the 3rd quarter valued at $15,392,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Benchmark restated a “hold” rating on shares of Nabors Industries in a research report on Thursday, April 25th. Morgan Stanley lowered their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Finally, Susquehanna reduced their price objective on Nabors Industries from $88.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Nabors Industries presently has a consensus rating of “Hold” and an average target price of $124.75.

Nabors Industries Trading Down 0.8 %

Shares of NBR opened at $72.97 on Monday. Nabors Industries Ltd. has a twelve month low of $70.25 and a twelve month high of $141.47. The stock has a market cap of $780.78 million, a PE ratio of -5.28 and a beta of 2.37. The company has a quick ratio of 1.53, a current ratio of 1.78 and a debt-to-equity ratio of 4.81. The business’s 50-day moving average price is $80.03 and its 200-day moving average price is $82.13.

Nabors Industries (NYSE:NBR) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.24) by ($2.92). The firm had revenue of $743.91 million during the quarter, compared to analysts’ expectations of $730.59 million. Nabors Industries had a negative return on equity of 23.52% and a negative net margin of 3.45%. On average, equities analysts forecast that Nabors Industries Ltd. will post -5.1 EPS for the current fiscal year.

About Nabors Industries

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.