Quadrature Capital Ltd Purchases 5,818 Shares of Nabors Industries Ltd. (NYSE:NBR)

Quadrature Capital Ltd lifted its position in Nabors Industries Ltd. (NYSE:NBR) by 75.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,564 shares of the oil and gas company’s stock after buying an additional 5,818 shares during the quarter. Quadrature Capital Ltd owned about 0.14% of Nabors Industries worth $1,108,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Nabors Industries by 111.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company’s stock valued at $32,415,000 after buying an additional 209,450 shares in the last quarter. Gendell Jeffrey L grew its stake in shares of Nabors Industries by 3.2% in the 4th quarter. Gendell Jeffrey L now owns 396,301 shares of the oil and gas company’s stock valued at $32,350,000 after buying an additional 12,119 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Nabors Industries by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 295,256 shares of the oil and gas company’s stock valued at $24,102,000 after buying an additional 13,324 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Nabors Industries by 6.7% in the 4th quarter. Van ECK Associates Corp now owns 214,415 shares of the oil and gas company’s stock valued at $17,503,000 after buying an additional 13,552 shares in the last quarter. Finally, Apollo Management Holdings L.P. bought a new stake in shares of Nabors Industries in the 4th quarter valued at approximately $16,620,000. Institutional investors own 81.92% of the company’s stock.

Nabors Industries Stock Up 2.0 %

NBR opened at $63.00 on Thursday. Nabors Industries Ltd. has a 1-year low of $59.90 and a 1-year high of $141.47. The company has a current ratio of 1.78, a quick ratio of 1.53 and a debt-to-equity ratio of 4.81. The stock has a market capitalization of $674.10 million, a price-to-earnings ratio of -4.56 and a beta of 2.27. The business has a 50 day moving average of $72.93 and a 200-day moving average of $79.25.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share for the quarter, missing the consensus estimate of ($2.24) by ($2.92). Nabors Industries had a negative net margin of 3.45% and a negative return on equity of 23.52%. The business had revenue of $743.91 million during the quarter, compared to the consensus estimate of $730.59 million. As a group, sell-side analysts anticipate that Nabors Industries Ltd. will post -5.85 earnings per share for the current year.

Analyst Ratings Changes

NBR has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Nabors Industries in a research report on Thursday, April 25th. Susquehanna decreased their target price on Nabors Industries from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $119.67.

About Nabors Industries

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.