Nabors Industries Ltd. (NYSE:NBR) is Hara Capital LLC’s 7th Largest Position

Hara Capital LLC reduced its position in shares of Nabors Industries Ltd. (NYSE:NBR) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,387 shares of the oil and gas company’s stock after selling 6,683 shares during the period. Nabors Industries accounts for about 3.1% of Hara Capital LLC’s holdings, making the stock its 7th biggest holding. Hara Capital LLC owned approximately 0.83% of Nabors Industries worth $5,118,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Nabors Industries by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 819,113 shares of the oil and gas company’s stock valued at $70,550,000 after purchasing an additional 40,078 shares during the last quarter. Gendell Jeffrey L boosted its stake in Nabors Industries by 10.1% during the first quarter. Gendell Jeffrey L now owns 436,442 shares of the oil and gas company’s stock worth $37,591,000 after buying an additional 40,141 shares during the period. Apollo Management Holdings L.P. increased its position in shares of Nabors Industries by 64.6% during the first quarter. Apollo Management Holdings L.P. now owns 335,091 shares of the oil and gas company’s stock valued at $28,861,000 after acquiring an additional 131,490 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nabors Industries by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock valued at $20,634,000 after acquiring an additional 16,890 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Nabors Industries by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 200,250 shares of the oil and gas company’s stock worth $14,250,000 after acquiring an additional 33,616 shares during the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NBR. Evercore ISI dropped their price objective on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 target price on shares of Nabors Industries in a research report on Wednesday, October 16th. Susquehanna reduced their price target on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Barclays dropped their price objective on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, Citigroup upped their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.00.

Nabors Industries Stock Down 2.4 %

Nabors Industries stock traded down $2.01 during trading on Thursday, reaching $82.37. The stock had a trading volume of 59,968 shares, compared to its average volume of 281,648. Nabors Industries Ltd. has a 52-week low of $59.67 and a 52-week high of $105.96. The business has a 50 day moving average price of $71.88 and a 200 day moving average price of $74.87. The company has a quick ratio of 1.57, a current ratio of 1.88 and a debt-to-equity ratio of 5.43. The stock has a market cap of $786.47 million, a PE ratio of -4.58 and a beta of 2.09.

Nabors Industries Company 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.