Traders Buy High Volume of Nabors Industries Call Options (NYSE:NBR)


New York State Teachers Retirement System owned about 0.17% of Nabors Industries worth $6,176,000 at the end of the most recent reporting period. Venturi Wealth Management LLC now owns 12,260 shares of the oil and gas company's stock worth $154,000 after buying an additional 320 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Nabors Industries during the fourth quarter worth $5,991,000. M&T Bank Corp now owns 15,395 shares of the oil and gas company's stock worth $203,000 after buying an additional 885 shares during the last quarter. For the quarter, shares have been noted at -5.80%. Over the last three months, the shares of the company have changed -0.62% and performed -9.89% over the last six months. Hedge funds and other institutional investors own 98.65% of the company's stock. The stock touched 52-week High of $18.40 on 01/06/17 and 52-week Low of $7.16 on 06/21/17. (NYSE:NBR) opened at 7.76 on Thursday.

In recent trading day Ford Motor Company (F) stock showed the move of -2.25% with the closing price of $11.30. The company's 50 day moving average is $8.81 and its 200 day moving average is $13.06. The oil and gas company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.16. The business had revenue of $563 million during the quarter, compared to the consensus estimate of $569.96 million. Nabors Industries's revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) EPS. Nabors Industries (NYSE:NBR) last posted its quarterly earnings results on Wednesday, April 26th.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, June 12th.

Capital Innovations Llc holds 2.97% of its portfolio in Nabors Industries Ltd. for 32,405 shares.

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Several research analysts have recently issued reports on the company. It turned negative, as 48 investors sold Nabors Industries Ltd. shares while 114 reduced holdings. Evercore ISI reissued an "outperform" rating and set a $18.00 price objective on shares of Nabors Industries in a research report on Tuesday, June 20th. Finally, TCW Group Inc. increased its position in Nabors Industries by 3.6% in the first quarter. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Guggenheim lowered shares of Nabors Industries from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 27th. Nomura upgraded the stock to "Buy" rating in Wednesday, April 5 report.

Currently, EPS of Nabors Industries Ltd. (NBR) is -0.49 while the analysts predicted the EPS of the stock to be -0.36 suggesting the company fell short of the analysts' expectations. The stock of Nabors Industries Ltd. (NYSE:NBR) has "Outperform" rating given on Friday, December 2 by Bernstein. In other Nabors Industries news, CFO William J. Restrepo bought 22,000 shares of Nabors Industries stock in a transaction that occurred on Tuesday, May 30th. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Following the completion of the purchase, the chief financial officer now owns 959,694 shares in the company, valued at approximately $7,917,475.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Earnings surprises can have a huge impact on a company's stock price.

Nabors Industries Company Profile Nabors Industries Ltd. owns and operates a land-based drilling rig fleet.