UBS Group AG Buys 5,830 Shares of Nabors Industries Ltd. $NBR

UBS Group AG grew its stake in shares of Nabors Industries Ltd. (NYSE:NBR) by 8.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 72,764 shares of the oil and gas company’s stock after acquiring an additional 5,830 shares during the quarter. UBS Group AG’s holdings in Nabors Industries were worth $3,951,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 289 shares during the period. Nebula Research & Development LLC lifted its position in shares of Nabors Industries by 2.5% during the 2nd quarter. Nebula Research & Development LLC now owns 17,697 shares of the oil and gas company’s stock valued at $496,000 after acquiring an additional 428 shares during the period. CWM LLC lifted its position in shares of Nabors Industries by 63.0% during the 4th quarter. CWM LLC now owns 1,449 shares of the oil and gas company’s stock valued at $79,000 after acquiring an additional 560 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in shares of Nabors Industries by 11.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,540 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 570 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Nabors Industries by 16.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,461 shares of the oil and gas company’s stock valued at $346,000 after acquiring an additional 1,208 shares during the period. 81.92% of the stock is currently owned by institutional investors.

Nabors Industries Price Performance

Nabors Industries stock opened at $104.96 on Friday. Nabors Industries Ltd. has a 52 week low of $24.36 and a 52 week high of $112.90. The stock has a fifty day moving average of $89.58 and a 200-day moving average of $70.99. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97. The stock has a market capitalization of $1.55 billion, a P/E ratio of 8.22 and a beta of 1.01.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.49) by $0.95. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The business had revenue of $783.55 million during the quarter, compared to analysts’ expectations of $769.33 million. During the same quarter in the prior year, the firm earned $2.18 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Nabors Industries Ltd. will post -3.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NBR shares. Susquehanna reiterated a “neutral” rating and set a $105.00 target price (up from $85.00) on shares of Nabors Industries in a research report on Thursday, April 30th. Wall Street Zen downgraded Nabors Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group set a $70.00 target price on Nabors Industries in a research report on Friday, February 13th. Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $65.00 to $99.00 in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.63.

Nabors Industries Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land?based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full?service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.