<div id="readability-page-1"><p><span>Nabors Industries (NYSE:NBR - Get Free Report)</span> was downgraded by Wall Street Zen from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report issued on Saturday.</p><div><p><span></span><span>Get <strong>Nabors Industries</strong> alerts:</span></p></div><ul><li>Helmerich &amp; Payne Stock, A Lot More Upside Than Meets the Eye</li></ul><p>NBR has been the subject of a number of other research reports. Morgan Stanley  set a $55.00 target price on shares of Nabors Industries and gave the stock an &#34;overweight&#34; rating in a research report on Friday, October 17th. Royal Bank Of Canada  set a $66.00 price target on Nabors Industries and gave the company a &#34;sector perform&#34; rating in a report on Thursday, October 30th. Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Nabors Industries in a research note on Monday. Susquehanna  reiterated a &#34;neutral&#34; rating and set a $56.00 target price on shares of Nabors Industries in a research note on Thursday, October 30th. Finally, Barclays  reiterated an &#34;underweight&#34; rating and issued a $45.00 price objective (up previously from $36.00) on shares of Nabors Industries in a research report on Tuesday, November 11th. One investment analyst  has rated the stock with a Buy rating, four have assigned  a Hold rating and three have issued  a Sell rating to the company's stock. According to data from MarketBeat.com, the stock  has an average rating of &#34;Reduce&#34; and an average price target of $48.14.</p><p><b>Get Our Latest Research Report on NBR</b></p><h2>Nabors Industries Price Performance</h2><p>Shares of NYSE:NBR opened at $58.28 on Friday. The stock has a market cap of $848.60 million, a price-to-earnings ratio of 6.04 and a beta of 0.97. The company has a debt-to-equity ratio of 2.50, a current ratio of 2.09 and a quick ratio of 1.93. Nabors Industries has a 12 month low of $23.27 and a 12 month high of $70.14. The stock's 50 day moving average price is $46.80 and its 200 day moving average price is $38.15. </p><p>Nabors Industries (NYSE:NBR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The oil and gas company reported ($3.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.37) by ($1.30). The business had revenue of $825.51 million during the quarter, compared to analyst estimates of $824.61 million. Nabors Industries had a negative return on equity of 30.85% and a net margin of 7.08%.The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($6.86) EPS.  Equities research analysts anticipate that  Nabors Industries will post -6.22 earnings per share for the current fiscal year. </p><h2>Insider Activity at Nabors Industries</h2><p>In related news, major shareholder Varde Partners Inc sold 312,378 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $41.04, for a total value of $12,819,993.12. Following the completion of the transaction, the insider owned 1,406,052 shares of the company's stock, valued at $57,704,374.08. The trade was a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Corporate insiders own  5.41% of the company's stock. </p><h2>Hedge Funds Weigh In On Nabors Industries</h2><p>A number of hedge funds have recently added to or reduced their stakes in the stock. Brigade Capital Management LP bought a new stake in shares of  Nabors Industries in the 1st quarter worth $37,653,000.  Adage Capital Partners GP L.L.C. boosted its holdings in  Nabors Industries by 445.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 600,000 shares of the oil and gas company's stock worth $25,026,000 after purchasing an additional 490,000 shares during the last quarter.  Apollo Management Holdings L.P. grew its position in  Nabors Industries by 54.2% in the 2nd quarter. Apollo Management Holdings L.P. now owns 650,623 shares of the oil and gas company's stock worth $18,230,000 after purchasing an additional 228,787 shares in the last quarter.  Two Sigma Investments LP increased its stake in  Nabors Industries by 232.2% in the 3rd quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company's stock valued at $7,595,000 after buying an additional 129,904 shares during the last quarter.  Finally, Geode Capital Management LLC lifted its position in shares of  Nabors Industries by 59.5% during the 2nd quarter. Geode Capital Management LLC now owns 338,566 shares of the oil and gas company's stock worth $9,488,000 after buying an additional 126,243 shares in the last quarter. Institutional investors and hedge funds own  81.92% of the company's stock. </p><h2>About Nabors Industries</h2> (Get Free Report)<p>Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Nabors Industries</li><li>What is the Nasdaq? Complete Overview with History</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>How Can Investors Benefit From After-Hours Trading</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5CUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5CUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Nabors Industries Right Now?</h2><p>Before you consider Nabors Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nabors Industries wasn't on the list.</p><p>While Nabors Industries currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wall Street Zen downgraded Nabors Industries from a "buy" to "hold" rating. Other analysts have mixed ratings, with an average "reduce" rating and a price target of $48.14. Nabors Industries reported a quarterly loss, missing estimates, but revenue increased year-over-year. Insider and hedge fund activities show varied investment changes. The stock opened at $58.28, with a market cap of $848.60 million.</p>

Nabors Industries (NYSE:NBR) Downgraded by Wall Street Zen to Hold