During the last session, Nabors Industries Ltd (NYSE:NBR)’s traded shares were 0.47 million, with the beta value of the company hitting 2.04. At the end of the trading day, the stock’s price was $47.20, reflecting an intraday loss of -5.01% or -$2.49. The 52-week high for the NBR share is $105.96, that puts it down -124.49 from that peak though still a striking 6.78% gain since the share price plummeted to a 52-week low of $44.00. The company’s market capitalization is $369.58M, and the average intraday trading volume over the past 10 days was 0.39 million shares, and the average trade volume was 319.01K shares over the past three months.
Nabors Industries Ltd (NBR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. NBR has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.46.
Nabors Industries Ltd (NYSE:NBR) trade information
Nabors Industries Ltd (NBR) registered a -5.01% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.01% in intraday trading to $47.20, hitting a weekly high. The stock’s 5-day price performance is -9.35%, and it has moved by -30.69% in 30 days. Based on these gigs, the overall price performance for the year is -37.71%. The short interest in Nabors Industries Ltd (NYSE:NBR) is 1.02 million shares and it means that shorts have 3.91 day(s) to cover.
The consensus price target of analysts on Wall Street is $95, which implies an increase of 50.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $75 and $115 respectively. As a result, NBR is trading at a discount of -143.64% off the target high and -58.9% off the low.
Nabors Industries Ltd (NBR) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.49% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 700.06M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 787.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 733.7M and 734.8M respectively. In this case, analysts expect current quarter sales to shrink by -4.59% and then jump by 7.23% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.66%. While earnings are projected to return 83.33% in 2025.
NBR Dividends
Nabors Industries Ltd is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 3.99%.
Nabors Industries Ltd (NYSE:NBR)’s Major holders
Nabors Industries Ltd insiders own 5.66% of total outstanding shares while institutional holders control 77.05%, with the float percentage being 81.67%. BLACKROCK INC. is the largest shareholder of the company, while 259.0 institutions own stock in it. As of 2024-06-30, the company held over 1.51 million shares (or 16.5036% of all shares), a total value of $107.76 million in shares.
The next largest institutional holding, with 0.77 million shares, is of VANGUARD GROUP INC’s that is approximately 8.4248% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $55.01 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nabors Industries Ltd (NBR) shares are iShares Core S&P Smallcap ETF and iShares Russell 2000 ETF . Data provided on Nov 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 580.72 shares. This amounts to just over 5.42 percent of the company’s overall shares, with a $27.41 million market value. The same data shows that the other fund manager holds slightly less at 258.44, or about 2.41% of the stock, which is worth about $12.2 million.
