Nabors Industries Ltd. (NYSE:NBR):
Nabors Announces Third-Quarter Results.
In the market the company is trading down from yesterday’s close of $12.04.
Additionally Nabors Industries Ltd. declared a dividend that was paid on Tuesday the 4th of October 2016. The dividend was $0.060 per share for the quarter or $0.24 annualized. This dividend represents a yield of $1.96. The ex-dividend date was set for Friday the 9th of September 2016.
It is currently trading at $11.95 which is marginally higher than $11.61, the 50 day moving average and which is a tad above the 200 day moving average of $10.12. The 50 day moving average went up $0.34 or +2.95% whereas the 200 day average was up by +18.14%.
In the latest earnings report the EPS was $-3.67 and is projected to be $-1.26 for the current year with 276,707,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.30 with next year’s EPS projected to be $-0.97.
A few Wall Street investment firms have provided guidance on the company of late. On October 5 Citigroup maintained a company rating of “Buy” but raised the price expectation to $14.00 from $13.00. On September 19, 2016 the stock rating was set at “Overweight” by Capital One Financial which was a boost from the previous “” rating.
Equity analyst DA Davidson starting coverage on NBR by announcing an initial rating of “Buy”. September 12 investment analysts at Citigroup left the company rating at “Buy” and raised the price expectation from $11.00 to $13.00.
On July 12 the stock rating was upgraded to “Overweight” from “” in an announcement from Stephens & Co.. On June 1 the company was downgraded from “Outperform” to “Neutral” with a current price target of $9.00 in a report issued by Credit Suisse.