Economy

Wall Street's Forecasts for Nabors Industries after 3Q17 Earnings

Wall Street's Forecasts for Nabors Industries after 3Q17 Earnings

For the next 5 years, Nabors Industries Ltd.is expecting Growth of 7% per annum, whereas in the past 5 years the growth was -12.67% per annum. Wedge Cap Management L Limited Partnership Nc has invested 0.12% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). The company has 292.64 Million shares outstanding and 274.71 Million shares were floated in market.

Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.

Additionally on 10/05/17 Citigroup "Maintained" Nabors Industries (NYSE:NBR) to Buy setting price target at $9.5 and on 9/13/17 Citigroup "Maintained" the stock to Buy at $8. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Deutsche Bank AG began coverage on Nabors Industries in a research report on Tuesday, October 10th. Nabors Industries presently has an average rating of "Buy" and a consensus price target of $12.07. Stephens lowered shares of Nabors Industries from an "overweight" rating to a "hold" rating and set a $16.00 price target on the stock.in a research note on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company's stock. Guggenheim downgraded Nabors Industries from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 27th.

HM08, Bermuda (AP) _ Nabors Industries Ltd. (NBR) on Tuesday reported a loss of $148.5 million in its third quarter. In the final minutes of trading on Tuesday, shares hit $6.43, a drop of 51 percent in the last 12 months.

Nabors Industries Ltd. (NYSE:NBR) touched its 1-Year High price of $18.40 on 01/06/17 and its 1-Year Low price of $ 6.18 on 08/16/17. Limelight Networks, Inc. has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -5.79% from its high of $ 5.18 to a $533.59 million market value through last close. Now we look at the Moving Averages, the 200-day is -38.52%, the 50-day is -10.53% and the 20-day is -14.66%. Next has invested 0% in Nabors Industries Ltd. (NYSE:NBR). The oil and gas company reported ($0.42) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.33) by ($0.09), Bloomberg Earnings reports. Alliancebernstein Lp stated it has 0% in Nabors Industries Ltd. (NYSE:NBR). The company had revenue of $662.50 million for the quarter, compared to analyst estimates of $674.03 million. According to the Analysts, the Low Earnings estimate for the current quarter is $0.59, while the High earnings estimate is $0.62.Comparatively, EPS for the same quarter a year ago was $0.

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Quarterly Revenue Growth on year-over-year basis stands at 10.4 percent. On average, analysts predict that Nabors Industries will post ($1.50) earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Tuesday, January 17th. Advisory Services Net Lc invested in 0% or 1,720 shares. This represents a $0.24 annualized dividend and a dividend yield of 3.74%. For the most recent quarter, quick ratio was 1.2, current ratio was 1.3, LT Debt/Equity ratio was 1.23 and Total Debt/Equity ratio stands at 1.23, while Payout ratio is 0.

TRADEMARK VIOLATION WARNING: "Nabors Industries (NBR) Given News Sentiment Score of 0.18" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws.

Nabors Industries, Inc.is one of the largest land drilling contractors. The Company is a provider of offshore platform work over and drilling rigs.


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