1,230 Shares in Nabors Industries Ltd. (NYSE:NBR) Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in Nabors Industries Ltd. (NYSE:NBR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,230 shares of the oil and gas company’s stock, valued at approximately $70,000.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Nabors Industries in the third quarter valued at $45,000. Signaturefd LLC lifted its stake in Nabors Industries by 52.9% in the third quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 472 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Nabors Industries in the 3rd quarter valued at about $220,000. The Manufacturers Life Insurance Company increased its stake in shares of Nabors Industries by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 181 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Nabors Industries by 79.6% in the 3rd quarter. SG Americas Securities LLC now owns 4,017 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 1,780 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Nabors Industries Trading Down 1.7 %

Shares of Nabors Industries stock opened at $57.26 on Friday. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The firm has a 50-day moving average of $63.21 and a 200-day moving average of $72.24. Nabors Industries Ltd. has a 52-week low of $50.15 and a 52-week high of $105.96. The stock has a market cap of $613.25 million, a PE ratio of -3.11 and a beta of 2.05.

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.