Hara Capital LLC Lowers Stock Holdings in Nabors Industries Ltd. (NYSE:NBR)

Hara Capital LLC lessened its stake in shares of Nabors Industries Ltd. (NYSE:NBR) by 21.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,682 shares of the oil and gas company’s stock after selling 16,705 shares during the quarter. Nabors Industries accounts for about 2.3% of Hara Capital LLC’s investment portfolio, making the stock its 9th largest position. Hara Capital LLC owned 0.59% of Nabors Industries worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Nabors Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after acquiring an additional 3,054 shares during the period. Van ECK Associates Corp increased its position in shares of Nabors Industries by 41.0% during the 4th quarter. Van ECK Associates Corp now owns 202,552 shares of the oil and gas company’s stock worth $11,580,000 after purchasing an additional 58,946 shares in the last quarter. Barclays PLC lifted its holdings in Nabors Industries by 60.8% during the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock valued at $7,241,000 after purchasing an additional 42,483 shares during the last quarter. FMR LLC boosted its position in Nabors Industries by 10.6% in the third quarter. FMR LLC now owns 51,794 shares of the oil and gas company’s stock valued at $3,339,000 after buying an additional 4,949 shares in the last quarter. Finally, PDT Partners LLC grew its stake in Nabors Industries by 49.7% during the third quarter. PDT Partners LLC now owns 46,659 shares of the oil and gas company’s stock worth $3,008,000 after buying an additional 15,494 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Nabors Industries Stock Performance

NBR stock opened at $47.01 on Tuesday. The company has a 50 day moving average price of $59.20 and a 200 day moving average price of $69.03. Nabors Industries Ltd. has a fifty-two week low of $44.00 and a fifty-two week high of $105.96. The company has a debt-to-equity ratio of 5.43, a current ratio of 1.88 and a quick ratio of 1.63. The stock has a market capitalization of $503.43 million, a PE ratio of -2.56 and a beta of 2.02.

Nabors Industries (NYSE:NBR) last released its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 25.68% and a negative net margin of 4.69%. Analysts forecast that Nabors Industries Ltd. will post -15.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on NBR. Citigroup lifted their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI dropped their price target on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a report on Thursday, October 24th. Finally, Susquehanna reduced their price objective on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Six research 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 $86.40.

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.