In last trading session, Nabors Industries Ltd (NYSE:NBR) saw 0.57 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $43.56 trading at $4.33 or 11.04% at ring of the bell on the day assigns it a market valuation of $418.33M. That closing price of NBR’s stock is at a discount of -143.25% from its 52-week high price of $105.96 and is indicating a premium of 20.98% from its 52-week low price of $34.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.54 million shares which gives us an average trading volume of 365.90K if we extend that period to 3-months.
For Nabors Industries Ltd (NBR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -3.44 in the current quarter.
Nabors Industries Ltd (NYSE:NBR) trade information
Upright in the green during last session for gaining 11.04%, in the last five days NBR remained trading in the green while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $43.56 price level, adding 0.11% to its value on the day. Nabors Industries Ltd’s shares saw a change of -23.81% in year-to-date performance and have moved 5.42% in past 5-day. Nabors Industries Ltd (NYSE:NBR) showed a performance of -18.56% in past 30-days. Number of shares sold short was 1.43 million shares which calculate 4.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 115 to the stock, which implies a rise of 62.12% to its current value. Analysts have been projecting 115 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would drop -164.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -164.0% for stock’s current value.
Nabors Industries Ltd (NBR) estimates and forecasts
This year revenue growth is estimated to rise 11.12% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 703.4M for the same. And 6 analysts are in estimates of company making revenue of 828.35M in the next quarter. Company posted 733.7M and 734.8M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 26.66% during past 5 years.
Nabors Industries Ltd (NYSE:NBR)’s Major holders
Insiders are in possession of 4.27% of company’s total shares while institution are holding 59.24 percent of that, with stock having share float percentage of 61.89%. Investors also watch the number of corporate investors in a company very closely, which is 59.24% institutions for Nabors Industries Ltd that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at NBR for having 1.51 million shares of worth $107.76 million. And as of 2024-06-30, it was holding 16.5036 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.77 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4248 of outstanding shares, having a total worth of $55.01 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 578.73 shares of worth $25.21 million or 6.03% of the total outstanding shares. The later fund manager was in possession of 286.86 shares on Dec 31, 2024 , making its stake of worth around $12.5 million in the company or a holder of 2.99% of company’s stock.
