Large Outflow of Money Witnessed in Nabors Industries Ltd.

Nabors Industries Ltd. (NBR) surged 0.55% during the last session. The last traded price was up 0.09 points at $16.34. The data for the fund flow suggests that the net intraday money flow was $(-1.4) million. The fund value in upticks was recorded to be $0.2 million and in downticks, it was found to be $1.61 million. The up/down ratio for the day was measured to be 0.13. For the week, the shares have seen a percentage change of 0.86%.A block trade of $(-1.34) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.34 million. The block tradeoff had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Nabors Industries Ltd. has lost 5.46% in the last five trading days and dropped 0.79% in the last 4 weeks. Nabors Industries Ltd. is up 37.22% in the last 3-month period. Year-to-Date the stock performance stands at -0.79%. Nabors Industries Ltd. (NYSE:NBR) rose 0.12% or 0.02 points on Wednesday and made its way into the gainers of the day. After trading began at $16.36 the stock was seen hitting $16.44 as a peak level and $15.9 as the lowest level. The stock ended up at $16.27. The daily volume was measured at 5,081,131 shares. The 52-week high of the share price is $18.4 and the 52-week low is $5.345. The company has a market cap of $4,611 million.

Company has reported several Insider transactions to the SEC, on May 2, 2016, Howard Wolf (director) purchased 15,000 shares at 9.78 per share price.On Dec 11, 2015, James R Crane (director) purchased 149 shares at 15.56 per share price.

Nabors Industries Ltd. Last issued its quarterly earnings results on Oct 25, 2016. The company reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $-0.34. The company had revenue of $519.70 million for the quarter, compared to analysts expectations of $542.74 million. The companys revenue was down -38.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.14 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Nabors Industries Ltd. was Initiated by SunTrust to Buy on Jan 18, 2017. Nabors Industries Ltd. was Upgraded by Credit Suisse to Outperform on Jan 4, 2017. Nabors Industries Ltd. was Initiated by Bernstein to Outperform on Dec 2, 2016. Nabors Industries Ltd. was Upgraded by Tudor Pickering to Buy on Nov 29, 2016. Company shares were Reiterated by Scotia Howard Weil on Nov 15, 2016 to Sector Outperform, Raises Price Target to $ 17 from a previous price target of $15 .

Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business, it offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets.


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