Nabors Industries Ltd. (NBR)’s -5.51% change took shares above their 200-day moving average

Nabors Industries Ltd. (NYSE:NBR) went up to recover about 22.17% since recording its record low price of $6.18. The stock experienced -5.51% slump, arriving at $7.55 on 10/6/2017. During the day, the stock price traveled from $7.51 to $7.86. This company shares are 35.23% off its target price of $10.21 and the current market capitalization stands at $2.11B. The recent change has given its price a 4.48% lead over SMA 50 and -58.97% deficit over its 52-week high. The stock witnessed 8.79% gains, 2.03% gains and -44.77% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NBR’s volatility during a week at 3.33% and during a month it has been found around 4.23%.

Nabors Industries Ltd. (NBR) Top Holders

Institutional investors currently hold around $2.11 billion or 98.8% in NBR stock. Look at its top three institutional owners. Blackrock Inc. owns $187.57 million in Nabors Industries Ltd., which represents roughly 8.89% of the company’s market cap and approximately 8.91% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 22,714,902 shares of the stock are valued at $171.5 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $144.46 million worth of this stock and that ownership represents nearly 6.85% of its market capitalization.

Nabors Industries Ltd. 13F Filings

At the end of 06/30/2017 reporting period, 163 institutional holders increased their position in Nabors Industries Ltd. (NYSE:NBR) by some 42,102,588 shares, 176 decreased positions by 59,206,483 and 43 held positions by 177,436,595. That puts total institutional holdings at 278,745,666 shares, according to SEC filings. The stock grabbed 43 new institutional investments totaling 12,831,339 shares while 62 institutional investors sold out their entire positions totaling 23,032,627 shares.

Nabors Industries Ltd. (NYSE:NBR) Insider Trades

Multiple company employees have indulged in significant insider trading. Nabors Industries Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Restrepo William J has acquired 22,000 shares of Nabors Industries Ltd. (NBR) in trading session dated May. 30, 2017. These shares are worth $181,500 and were traded at $8.25 each. The SEC filing shows that Restrepo William J performed a purchase of 22,000 shares. The CFO added these shares by way of transaction on May. 04, 2017. The company’s shares were assimilated at $9.43 per share worth to an investment of some $207,460 on account of Restrepo William J.

Director, Wolf Howard, purchased 15,000 common shares of Nabors Industries Ltd. (NBR) in the open market. In a transaction dated Apr. 28, 2016, the shares were bought at an average price of $9.78, giving away a sum of $146,700. After this purchase, 90,000 common shares of NBR are directly owned by the insider, with total stake valued at $679,500.

In the transaction dated Jul. 26, 2013, the great number of shares acquired came courtesy the Director; Kotts John P added a total of 120,000 shares at an average price of $14.95, amounting to approximately $1,794,000. The insider now directly owns 147,000 shares worth $1,109,850.

Nabors Industries Ltd. (NBR) Analyst Guide

Several analysts have released their opinion on Nabors Industries Ltd. (NYSE:NBR), with 10 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.

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