3,509 Shares in Nabors Industries Ltd. (NYSE:NBR) Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. bought a new position in Nabors Industries Ltd. (NYSE:NBR) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,509 shares of the oil and gas company’s stock, valued at approximately $286,000.

Other institutional investors also recently bought and sold shares of the company. Sippican Capital Advisors acquired a new stake in Nabors Industries in the 3rd quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Nabors Industries by 48.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,957 shares of the oil and gas company’s stock worth $241,000 after buying an additional 635 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in Nabors Industries during the 3rd quarter worth approximately $241,000. Fox Run Management L.L.C. purchased a new position in Nabors Industries during the 3rd quarter worth approximately $261,000. Finally, Hsbc Holdings PLC purchased a new position in Nabors Industries during the 3rd quarter worth approximately $355,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Price Performance

Shares of NYSE NBR opened at $76.08 on Tuesday. The firm has a market cap of $720.48 million, a PE ratio of -14.74 and a beta of 2.33. The firm has a fifty day moving average of $83.27 and a 200 day moving average of $87.84. The company has a debt-to-equity ratio of 4.63, a quick ratio of 1.23 and a current ratio of 1.36. Nabors Industries Ltd. has a one year low of $71.42 and a one year high of $141.47.

Nabors Industries (NYSE:NBR) last announced its earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.54) by ($2.30). Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. The business had revenue of $737.84 million for the quarter, compared to analyst estimates of $749.52 million. As a group, research analysts predict that Nabors Industries Ltd. will post -5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

NBR has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Susquehanna reissued a “neutral” rating and set a $88.00 price target on shares of Nabors Industries in a research report on Monday, April 8th. Finally, Benchmark lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Nabors Industries presently has an average rating of “Hold” and a consensus target price of $129.60.

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.