Nabors Industries Ltd.s in-depth stock price analysis indicates that the stock price has rallied 15.57% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 59.64% . Looking at the past 52 week period, the stock price is up at 163.65% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Nabors Industries Ltd. has a positive value of 78.26 compared to overall market. Nabors Industries Ltd. (NYSE:NBR) has tumbled 2.9% during the past week and has dropped 8.96% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.68%. Nabors Industries Ltd. (NYSE:NBR) has underperformed the index by 10.59% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Nabors Industries Ltd. (NYSE:NBR) : On Friday heightened volatility was witnessed in Nabors Industries Ltd. (NYSE:NBR) which led to swings in the share price. The stock opened for trading at $15.83 and hit $16.11 on the upside , eventually ending the session at $15.74, with a gain of 1.29% or 0.2 points. The heightened volatility saw the trading volume jump to 7,690,847 shares. The 52-week high of the share price is $18.4 and the company has a market cap of $4,461 million. The 52-week low of the share price is at $5.345 .
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 .
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, 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.