Nabors Industries Ltd (NYSE: NBR) kicked off on Tuesday, down -4.22% from the previous trading day, before settling in for the closing price of $74.57. Over the past 52 weeks, NBR has traded in a range of $59.67-$118.00.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 1.80%. While this was happening, its average annual earnings per share was recorded 7.61%. With a float of $8.52 million, this company’s outstanding shares have now reached $9.39 million.
Considering the fact that the conglomerate employs 12000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 18.37%, operating margin of 1.43%, and the pretax margin is 0.41%.
Nabors Industries Ltd (NBR) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Drilling Industry. The insider ownership of Nabors Industries Ltd is 10.65%, while institutional ownership is 80.38%.
Nabors Industries Ltd (NBR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 7.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.60% during the next five years compared to 44.00% growth over the previous five years of trading.
Nabors Industries Ltd (NYSE: NBR) Trading Performance Indicators
Take a look at Nabors Industries Ltd’s (NBR) current performance indicators. Last quarter, stock had a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23. Likewise, its price to free cash flow for the trailing twelve months is 7.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -17.57, a number that is poised to hit -1.38 in the next quarter and is forecasted to reach -1.09 in one year’s time.
Technical Analysis of Nabors Industries Ltd (NBR)
Compared to the last year’s volume of 0.28 million, its volume of 0.41 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 27.41%. Additionally, its Average True Range was 4.54.
During the past 100 days, Nabors Industries Ltd’s (NBR) raw stochastic average was set at 25.39%, which indicates a significant increase from 8.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.32% in the past 14 days, which was lower than the 68.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.38, while its 200-day Moving Average is $77.56. Nevertheless, the first resistance level for the watch stands at $74.81 in the near term. At $78.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $79.99. If the price goes on to break the first support level at $69.63, it is likely to go to the next support level at $67.83. Should the price break the second support level, the third support level stands at $64.45.
Nabors Industries Ltd (NYSE: NBR) Key Stats
The company with the Market Capitalisation of 681.35 million has total of 10,702K Shares Outstanding. Its annual sales at the moment are 3,050 M in contrast with the sum of -11,780 K annual income. Company’s last quarter sales were recorded 742,980 K and last quarter income was -39,540 K.
