UBS Group AG Acquires 5,830 Shares of Nabors Industries Ltd. $NBR

UBS Group AG lifted its holdings in shares of Nabors Industries Ltd. (NYSE:NBR) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,764 shares of the oil and gas company’s stock after acquiring an additional 5,830 shares during the quarter. UBS Group AG owned approximately 0.50% of Nabors Industries worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 shares during the period. Nebula Research & Development LLC boosted its stake in shares of Nabors Industries by 2.5% during the 2nd quarter. Nebula Research & Development LLC now owns 17,697 shares of the oil and gas company’s stock worth $496,000 after acquiring an additional 428 shares during the period. CWM LLC boosted its stake in shares of Nabors Industries by 63.0% during the 4th quarter. CWM LLC now owns 1,449 shares of the oil and gas company’s stock worth $79,000 after acquiring an additional 560 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Nabors Industries by 11.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,540 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 570 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Nabors Industries by 16.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,461 shares of the oil and gas company’s stock worth $346,000 after acquiring an additional 1,208 shares during the period. 81.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $65.00 to $99.00 in a research note on Thursday, May 7th. Piper Sandler lifted their target price on Nabors Industries from $84.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group set a $70.00 target price on Nabors Industries in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price target on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, Citigroup boosted their price target on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.63.

Nabors Industries Stock Performance

NBR opened at $104.96 on Friday. The business has a fifty day simple moving average of $89.58 and a 200 day simple moving average of $70.99. The company has a market capitalization of $1.55 billion, a PE ratio of 8.22 and a beta of 1.01. Nabors Industries Ltd. has a 1 year low of $24.36 and a 1 year high of $112.90. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.97 and a quick ratio of 1.82.

Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.49) by $0.95. The business had revenue of $783.55 million during the quarter, compared to the consensus estimate of $769.33 million. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.18 EPS. Research analysts expect that Nabors Industries Ltd. will post -3.52 EPS for the current year.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.