Nabors Energy Transition Corp. II (NASDAQ:NETD) Announces Quarterly Earnings Results

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports.Nabors Energy Transition Corp. II Trading Down 0.3%Shares of Nabors Energy Transition Corp. II stock traded down $0.04 during mid-day trading on Thursday, hitting $11.34. 2,626 shares of the stock were exchanged, compared to its average volume of 207,429. The company has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $11.19. The stock has a market capitalization of $242.00 million, a price-to-earnings ratio of 59.66 and a beta of -0.02. Nabors Energy Transition Corp. II has a twelve month low of $10.71 and a twelve month high of $11.47. Analyst Ratings ChangesSeparately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Nabors Energy Transition Corp. II in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".View Our Latest Stock Report on NETDInstitutional Trading of Nabors Energy Transition Corp. IIA number of institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Nabors Energy Transition Corp. II by 175.0% during the first quarter. Millennium Management LLC now owns 550,000 shares of the company's stock worth $6,022,000 after purchasing an additional 350,000 shares in the last quarter. Shaolin Capital Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 100.0% in the 2nd quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company's stock worth $2,220,000 after acquiring an additional 100,000 shares during the period. Finally, Radcliffe Capital Management L.P. acquired a new stake in Nabors Energy Transition Corp. II in the second quarter valued at approximately $2,775,000. Hedge funds and other institutional investors own 75.52% of the company's stock. About Nabors Energy Transition Corp. II (Get Free Report)Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.Recommended StoriesFive stocks we like better than Nabors Energy Transition Corp. IIWhat Are the U.K. Market Holidays? How to Invest and TradeAMD to $300 Looks Easy—Here’s Why $500 Could Be NextWhat Are Treasury Bonds?$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You How to Know if a Stock Pays Dividends and When They Are Paid Out4 High-Yield Real Estate Stocks to Buy as Investors Get DefensiveThis 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.Should You Invest $1,000 in Nabors Energy Transition Corp. II Right Now?Before you consider Nabors Energy Transition Corp. II, you'll want to hear this.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 Energy Transition Corp. II wasn't on the list.While Nabors Energy Transition Corp. II currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here