Nabors Industries (NBR) Receives News Impact Rating of 0.18
Media coverage about Nabors Industries (NYSE:NBR) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Nabors Industries earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.9829797427981 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Nabors Industries Ltd. (NBR) : Investors watching Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Nabors Industries Ltd. (NBR) – Technical indicators take into account – Wall Street Morning (wallstreetmorning.com)
- Here’s What Short-Term Traders Should Know: Nabors Industries Ltd (NYSE: NBR) – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Anticipate Nabors Industries Ltd. (NBR) Will Post Quarterly Sales of $675.07 Million (americanbankingnews.com)
- Nabors Industries Ltd. breached its 50 day moving average in a Bearish Manner : NBR-US : October 19, 2017 (finance.yahoo.com)
Nabors Industries (NYSE NBR) traded down 3.88% during midday trading on Monday, reaching $6.44. 6,397,165 shares of the company traded hands. The firm’s market capitalization is $1.84 billion. The firm has a 50-day moving average price of $7.45 and a 200-day moving average price of $8.53. Nabors Industries has a one year low of $6.18 and a one year high of $18.40.
Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.03). Nabors Industries had a negative return on equity of 14.70% and a negative net margin of 18.29%. The company had revenue of $630.50 million during the quarter, compared to the consensus estimate of $589.79 million. During the same quarter in the prior year, the business earned ($0.35) EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities analysts predict that Nabors Industries will post ($1.49) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.24 annualized dividend and a yield of 3.58%. Nabors Industries’s dividend payout ratio is currently -9.41%.
A number of research firms have commented on NBR. ValuEngine cut shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Cowen and Company reduced their price objective on shares of Nabors Industries from $13.00 to $10.50 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. Morgan Stanley reduced their price objective on shares of Nabors Industries from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Citigroup Inc. set a $10.00 price objective on shares of Nabors Industries and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Wells Fargo & Company cut shares of Nabors Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $12.07.
Nabors Industries Company Profile
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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