Entropy Technologies LP Purchases 6,095 Shares of Nabors Industries Ltd. (NYSE:NBR)

Entropy Technologies LP boosted its position in shares of Nabors Industries Ltd. (NYSE:NBR) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,394 shares of the oil and gas company’s stock after purchasing an additional 6,095 shares during the quarter. Entropy Technologies LP owned 0.14% of Nabors Industries worth $880,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NBR. nVerses Capital LLC acquired a new position in shares of Nabors Industries in the 3rd quarter valued at $45,000. R Squared Ltd bought a new position in Nabors Industries during the fourth quarter worth about $70,000. Signaturefd LLC increased its holdings in shares of Nabors Industries by 52.9% in the third quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock worth $88,000 after acquiring an additional 472 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Nabors Industries during the third quarter worth about $220,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Nabors Industries by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 181 shares during the period. Institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NBR shares. Citigroup increased their target price on Nabors Industries from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI lowered their price objective on shares of Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research report on Thursday, October 24th. Susquehanna cut their price objective on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Barclays lowered their target price on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Nabors Industries currently has an average rating of “Hold” and an average target price of $97.00.

Nabors Industries Stock Performance

NBR opened at $54.67 on Tuesday. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The business’s 50-day simple moving average is $61.07 and its 200 day simple moving average is $70.72. The firm has a market capitalization of $585.52 million, a PE ratio of -2.97 and a beta of 2.02. Nabors Industries Ltd. has a 52-week low of $50.15 and a 52-week high of $105.96.

About Nabors Industries

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.