Nabors Industries Ltd. (NYSE:NBR) is Tejara Capital Ltd’s 9th Largest Position

Tejara Capital Ltd lessened its stake in shares of Nabors Industries Ltd. (NYSE:NBR) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,347 shares of the oil and gas company’s stock after selling 9,644 shares during the quarter. Nabors Industries makes up approximately 4.4% of Tejara Capital Ltd’s portfolio, making the stock its 9th biggest position. Tejara Capital Ltd owned 1.12% of Nabors Industries worth $6,880,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Intech Investment Management LLC raised its holdings in shares of Nabors Industries by 6.4% during the third quarter. Intech Investment Management LLC now owns 5,372 shares of the oil and gas company’s stock valued at $346,000 after acquiring an additional 322 shares in the last quarter. US Bancorp DE grew its stake in shares of Nabors Industries by 234.9% in the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 505 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Nabors Industries by 8.8% in the fourth quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company’s stock worth $397,000 after acquiring an additional 563 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Nabors Industries by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 43,602 shares of the oil and gas company’s stock worth $2,493,000 after acquiring an additional 1,184 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Nabors Industries in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NBR shares. Susquehanna cut their target price on Nabors Industries from $53.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price objective on Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.00.

Nabors Industries Trading Up 0.8 %

Nabors Industries stock opened at $43.90 on Tuesday. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. Nabors Industries Ltd. has a one year low of $34.42 and a one year high of $105.96. The stock has a market capitalization of $421.59 million, a PE ratio of -1.96 and a beta of 2.08. The business’s fifty day moving average is $52.30 and its 200 day moving average is $63.43.

Nabors Industries (NYSE:NBR) last announced its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. On average, sell-side analysts predict that Nabors Industries Ltd. will post -6.22 EPS for the current year.

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.