Is It Right Time to Be Bullish on Nabors Industries Ltd. (NBR), The Procter & Gamble Company (PG)?

    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, 11 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $3.90. The price of the stock the last time has raised by 22.29% 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 45.53.

    The shares of the company added by 9.74% during the trading session on Monday, reaching a low of $1.98 while ending the day at $2.14. During the trading session, a total of 13.57 million shares were traded which represents a 11.05% incline from the average session volume which is 15.26M shares. NBR had ended its last session trading at 1.95. Nabors Industries Ltd. currently has a market cap of $813.09M while its P/E earnings growth sits at 0.26, with a beta of 2.74. Nabors Industries Ltd. debt-to-equity ratio currently stands at 1.49, while its quick ratio hovers at 1.70. NBR 52-week low price stands at $1.75 while its 52-week high price is $6.65.

    The company in its last quarterly report recorded -$0.61 earnings per share which is below the -$0.23 predicted by most analysts. The Nabors Industries Ltd. generated $771.41 million in revenue during the last quarter, which is slightly lower than the $801.31 million predicted by analysts. In the second quarter last year, the firm recorded -$0.36 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 40.98%. Nabors Industries Ltd. has the potential to record -1.77 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Goldman published a research note on June 28th, 2019 where it informed investors and clients that The Procter & Gamble Company (NYSE:PG) is now rated as Buy. Their price target on the stock stands at $125. Goldman also rated PG as Initiated on March 11th, 2019, with its price target of $20 suggesting that PG could surge by 2.82% from its current share price. Even though the stock has been trading at $119.18/share, analysts expect it to surge higher by 0.89% to reach $123.73/share. It started the day trading at $120.45 and traded between $119.11 and $120.24 throughout the trading session.

    A look at its technical shows that PG’s 50-day SMA is 113.88 while its 200-day SMA stands at 102.37. The stock has a high of $121.76 for the year while the low is $78.49. The company’s P/E ratio currently sits at 81.13, while the P/B ratio is 6.89. At the moment, only of The Procter & Gamble Company shares were sold short. The company’s average trading volume currently stands at 7.65M shares, which means that the short-interest ratio is just 2.72 days. Over the past seven days, the company moved, with its shift of 3.63%. Looking further, the stock has raised 12.03% over the past 90 days while it gained 20.25% 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 PG shares, increasing its portfolio by +1.77% during the last quarter. This move now sees The Vanguard Group Inc purchasing 3,736,996 shares in the last quarter, thus it now holds 214,946,788 shares of PG, with a total valuation of $25,372,318,856. BlackRock Fund Advisors meanwhile bought more PG shares in the recently filed quarter, changing its stake to $13,918,584,850 worth of shares. SSgA Funds Management Inc followed the path by increasing its PG portfolio by +1.59% in the quarter. This means that SSgA Funds Management Inc bought 1,830,171 shares in the last quarter and now controls 116,868,378 shares of the PG stock, with the valuation hitting $13,795,143,339.

    Similarly, Geode Capital Management LLC increased its The Procter & Gamble Company shares by +2.94% during the recently filed quarter. After buying 1,039,073 shares in the last quarter, the firm now controls 36,440,867 shares of The Procter & Gamble Company which are valued at $4,301,479,941. In the same vein, Northern Trust Investments Inc increased its The Procter & Gamble Company shares by during the most recent reported quarter. The firm bought 295,521 shares during the quarter which increased its stakes to 33,064,470 shares and is now valued at $3,902,930,039. Following these latest developments, around 0.10% of The Procter & Gamble Company stocks are owned by institutional investors and hedge funds.