The shares of Nabors Industries Ltd. (NYSE:NBR) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on March 14th, 2019. Citigroup wasn’t the only research firm that published a report of Nabors Industries Ltd., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on March 11th, 2019, to Neutral the NBR stock while also putting a $4 price target. The stock had earned Sell rating from Argus when it published its report on February 27th, 2019. The stock was given Neutral rating by Susquehanna in its report released on January 9th, 2019. Raymond James was of a view that NBR is Mkt Perform in its latest report on December 13th, 2018. JP Morgan thinks that NBR is worth Underweight rating. This was contained in the firm’s report on December 11th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $5.32. The price of the stock the last time has raised by 113.81% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 59.85.
The shares of the company added by 5.16% during the trading session on Tuesday, reaching a low of $3.66 while ending the day at $3.87. During the trading session, a total of 6.5 million shares were traded which represents a 40.65% incline from the average session volume which is 10.95M shares. NBR had ended its last session trading at 3.68. Nabors Industries Ltd. currently has a market cap of $1.37B while its P/E earnings growth sits at 0.45, with a beta of 2.36. Nabors Industries Ltd. debt-to-equity ratio currently stands at 1.33, while its quick ratio hovers at 1.70. NBR 52-week low price stands at $1.81 while its 52-week high price is $8.86.
The company in its last quarterly report recorded -$0.55 earnings per share which is below the -$0.17 predicted by most analysts. The Nabors Industries Ltd. generated $776.62 million in revenue during the last quarter, which is slightly lower than the $802.68 million predicted by analysts. In the second quarter last year, the firm recorded -$0.29 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 47.27%. Nabors Industries Ltd. has the potential to record -1.90 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on April 10th, 2019 where it informed investors and clients that NIKE, Inc. (NYSE:NKE) is now rated as Buy. Their price target on the stock stands at $100. Goldman also rated NKE as Initiated on March 11th, 2019, with its price target of $13 suggesting that NKE could surge by 3.36% from its current share price. Even though the stock has been trading at $86.83/share, analysts expect it to surge higher by 1.12% to reach $90.85/share. It started the day trading at $87.95 and traded between $87.00 and $87.80 throughout the trading session.
A look at its technical shows that NKE’s 50-day SMA is 85.07 while its 200-day SMA stands at 79.55. The stock has a high of $88.59 for the year while the low is $64.99. The company’s P/E ratio currently sits at 34.88, while the P/B ratio is 15.40. At the moment, only of NIKE, Inc. shares were sold short. The company’s average trading volume currently stands at 6.23M shares, which means that the short-interest ratio is just 1.65 days. Over the past seven days, the company moved, with its shift of 4.18%. Looking further, the stock has raised 12.74% over the past 90 days while it gained 15.66% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more NKE shares, increasing its portfolio by +2.38% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,393,854 shares in the last quarter, thus it now holds 103,087,661 shares of NKE, with a total valuation of $8,681,011,933. Capital Research Management Co meanwhile sold more NKE shares in the recently filed quarter, changing its stake to $5,373,713,193 worth of shares. BlackRock Fund Advisors followed the path by increasing its NKE portfolio by +2.36% in the quarter. This means that BlackRock Fund Advisors bought 1,355,207 shares in the last quarter and now controls 58,677,705 shares of the NKE stock, with the valuation hitting $4,941,249,538.
Similarly, Capital Research Management Co decreased its NIKE, Inc. shares by -13.33% during the recently filed quarter. After selling -7,242,197 shares in the last quarter, the firm now controls 47,107,624 shares of NIKE, Inc. which are valued at $3,966,933,017. In the same vein, Wellington Management Co LLP decreased its NIKE, Inc. shares by during the most recent reported quarter. The firm sold -7,714,736 shares during the quarter which decreased its stakes to 31,014,278 shares and is now valued at $2,611,712,350. Following these latest developments, around 1.10% of NIKE, Inc. stocks are owned by institutional investors and hedge funds.