Bryce Point Capital LLC Makes New Investment in Nabors Industries Ltd. (NYSE:NBR)

Bryce Point Capital LLC acquired a new stake in shares of Nabors Industries Ltd. (NYSE:NBR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,725 shares of the oil and gas company’s stock, valued at approximately $556,000. Bryce Point Capital LLC owned about 0.09% of Nabors Industries at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new stake in Nabors Industries in the fourth quarter valued at about $313,000. Vanguard Group Inc. increased its holdings in shares of Nabors Industries by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 696,155 shares of the oil and gas company’s stock valued at $39,799,000 after acquiring an additional 18,017 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Nabors Industries in the 4th quarter valued at approximately $97,000. American Century Companies Inc. grew its position in Nabors Industries by 12.0% during the 4th quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company’s stock worth $16,340,000 after purchasing an additional 30,537 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Nabors Industries by 152.8% during the 4th quarter. HighTower Advisors LLC now owns 27,727 shares of the oil and gas company’s stock worth $1,585,000 after purchasing an additional 16,761 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Nabors Industries Trading Up 1.5 %

NYSE NBR opened at $42.87 on Thursday. Nabors Industries Ltd. has a 1 year low of $34.42 and a 1 year high of $105.96. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The company has a market capitalization of $411.72 million, a PE ratio of -1.92 and a beta of 2.08. The company has a fifty day moving average of $47.01 and a 200 day moving average of $61.35.

Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts forecast that Nabors Industries Ltd. will post -6.22 earnings per share for the current year.

Analyst Ratings Changes

NBR has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Nabors Industries from $115.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Barclays lowered their price target on Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Susquehanna dropped their price target 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.33.

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.