Nabors Industries Ltd (NYSE: NBR) kicked off on Monday, up 6.47% from the previous trading day, before settling in for the closing price of $30.12. Over the past 52 weeks, NBR has traded in a range of $23.27-$105.96.
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A company in the Energy sector has dropped its sales by -0.76% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 95.84%. With a float of $8.89 million, this company’s outstanding shares have now reached $14.53 million.
In an organization with 12400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 18.74%, operating margin of 8.06%, and the pretax margin is 1.16%.
Nabors Industries Ltd (NBR) Insider and Institutional Ownership
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 6.86%, while institutional ownership is 121.20%.
Nabors Industries Ltd (NBR) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 95.84% per share during the next fiscal year.
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 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -15.64, a number that is poised to hit -0.97 in the next quarter and is forecasted to reach -3.18 in one year’s time.
Technical Analysis of Nabors Industries Ltd (NBR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.52 million. That was better than the volume of 0.43 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 81.40%. Additionally, its Average True Range was 2.28.
During the past 100 days, Nabors Industries Ltd’s (NBR) raw stochastic average was set at 19.16%, which indicates a significant decrease from 90.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.50% in the past 14 days, which was lower than the 89.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.68, while its 200-day Moving Average is $54.79. However, in the short run, Nabors Industries Ltd’s stock first resistance to watch stands at $33.11. Second resistance stands at $34.15. The third major resistance level sits at $35.32. If the price goes on to break the first support level at $30.89, it is likely to go to the next support level at $29.72. The third support level lies at $28.68 if the price breaches the second support level.
Nabors Industries Ltd (NYSE: NBR) Key Stats
The company with the Market Capitalisation of 503.48 million has total of 15,700K Shares Outstanding. Its annual sales at the moment are 2,969 M in contrast with the sum of -176,080 K annual income. Company’s last quarter sales were recorded 742,780 K and last quarter income was 24,630 K.
