Tech

Nabors Industries Ltd. (NYSE:NBR) Price Target Cut to $8.00

Nabors Industries Ltd. (NYSE:NBR) Price Target Cut to $8.00

Brown Capital Management Llc sold 50,660 shares as Nabors Industries Ltd (NBR)'s stock declined 31.29%. Nabors Industries Ltd. now has $1.63B valuation. The stock increased 1.94% or $0.11 on November 17, reaching $5.79. About 6.20M shares traded. It has outperformed by 15.96% the S&P500. Dimensional Fund Advisors LP raised its stake in shares of Nabors Industries by 11.7% in the 3rd quarter.

The stock increased 0.35% or $0.03 on November 17, reaching $8.65.

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. J & J Snack Foods Corp (NASDAQ:JJSF) has risen 26.93% since November 19, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Among 3 analysts covering J&J Snack Foods (NASDAQ:JJSF), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 65% are positive. The rating was maintained by Jefferies on Monday, October 16 with "Hold". The company was maintained on Friday, August 14 by Citigroup. The firm has "Equal-Weight" rating given on Monday, August 7 by Morgan Stanley. The company operates in the Energy sector with a market capitalization of 1.62 Million. The firm earned "Neutral" rating on Monday, October 5 by Citigroup. The rating was maintained by Jefferies on Tuesday, August 1 with "Hold". Hbk Invests LP holds 0.09% in Nabors Industries Ltd. (NYSE:NBR) or 1.24 million shares. JJSF's profit will be $16.68M for 40.46 P/E if the $0.89 EPS becomes a reality. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.33) by ($0.09).

Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.12, from 1.39 in 2017Q1. 110 funds opened positions while 494 raised stakes. Federated Pa holds 0.01% or 260,710 shares in its portfolio. Moreover, Tci Wealth Advsr has 0.02% invested in BGC Partners, Inc. Advent Cap De holds 88,500 shares or 0.01% of its portfolio. Quantbot Technology Limited Partnership owns 76,833 shares or 0.06% of their USA portfolio. Bessemer Gru owns 17,798 shares or 0.01% of their United States portfolio. According to their observations and findings, the stock could provide a high EPS of $-0.26/share and a low EPS of $-0.38/share. Champlain Inv Prtn Ltd Liability Corp reported 152,304 shares stake. Balyasny Asset Ltd Llc reported 0% stake. Central National Bank & Co owns 2.02% invested in Celgene Corporation (NASDAQ:CELG) for 60,067 shares. The shares were last seen trading 1.94% higher, taking the closing price at $5.79 on 11/17/2017. After this purchase, 90,000 common shares of NBR are directly owned by the insider, with total stake valued at $521,100. The Illinois-based Continental Advisors Llc has invested 0.43% in the stock. California Public Employees Retirement has invested 0% in J & J Snack Foods Corp (NASDAQ:JJSF). Stratos Wealth Prtnrs has invested 0.07% in Celgene Corporation (NASDAQ:CELG).

30, 2017. These shares are worth $181,500 and were traded at $8.25 each. Restrepo William J also bought $181,522 worth of Nabors Industries Ltd. (NYSE:NBR) on Tuesday, May 30.

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.13, from 1.22 in 2017Q1. It increased, as 60 investors sold CELG shares while 390 reduced holdings.

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Hedge funds have recently made changes to their positions in the company. 269.17 million shares or 6.35% less from 287.43 million shares in 2017Q1 were reported. Castle Creek Arbitrage Ltd Liability Company holds 0.04% or 49,700 shares.

Susquehanna Interest Llp invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Commonwealth Equity, Massachusetts-based fund reported 169,814 shares. ValuEngine cut Nabors Industries from a "sell" rating to a "strong sell" rating in a report on Friday, September 1st. The stock of Nabors Industries Ltd. (NYSE:NBR) has "Positive" rating given on Wednesday, March 9 by Susquehanna. Thompson Siegel & Walmsley Ltd Liability invested in 3,698 shares. Exchange Capital Mgmt holds 0.01% in Celgene Corporation (NASDAQ:CELG) or 200 shares. Raymond James Financial Services Advisors Inc. boosted its holdings in Nabors Industries by 38.7% in the 2nd quarter. The Icon Advisers Inc holds 243,100 shares with $3.07M value, up from 154,100 last quarter.

Advent Capital Management decreased Servicenow Inc (Prn) stake by 13.31M shares to 25.63M valued at $37.53M in 2017Q2.

According to Zacks, "With leading positions in most natural gas and oil-based shale plays, Nabors Industries is a big player in the North American land drilling market". Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the stock. Therefore 81% are positive. The rating was upgraded by Argus Research on Monday, July 31 to "Buy". The firm has "Buy" rating by Seaport Global given on Friday, August 18. The rating was initiated by Suntrust Robinson with "Buy" on Wednesday, January 18. As per Wednesday, April 27, the company rating was upgraded by Raymond James. The firm has "Outperform" rating given on Tuesday, June 20 by Evercore.

The TTM operating margin for the company stands at -26.6%.

Nabors Industries Ltd. (NYSE:NBR) reported its EPS in the last quarter as $-0.42/Share lagging the analyst estimate of $-0.34/Share by a difference of $-0.08. Jefferies has "Hold" rating and $11.5000 target. The company has market cap of $194.92 million. On Tuesday, November 29 the stock rating was upgraded by Tudor Pickering to "Buy".

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