Top Technical Indicators for Nabors Industries Ltd. (NBR)

Taking everything into account, Nabors Industries Ltd. (NYSE:NBR) scores 96% Sell on the technical side. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the NBR’s short-term trajectory should know that short terms indicators for the stock averaged 80% Sell with an average daily trading volume over the past 20 days at 18570240 shares. NBR stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 15602488 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 100% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $2.89. Below this, the next support is placed in the zone of $2.71. Till the time, the NBR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 19.6 on daily chart, which may remain a cause for comfort. If the price breaks below $2.71 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.2 mark may result into a pull-back move towards $3.33 level.

Nabors Industries Ltd. (NBR) is projected to climb by 181.37 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $12-month high price target. This represents a whopping 292.16 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $8.3, which represents a return potential of 171.24 percent when compared to the closing price of the stock of $3.06 on Thursday, December 06. The lowest price target for the stock is $4.5 — slightly more than 47.06 percent from NBR’s current share price.

Here’s a rundown of insider trading activity for sense of Nabors Industries Ltd. (NYSE:NBR). The earliest insider trade took place on 11/06/2018. Kotts John P gathered a total of 100 thousand shares of company at average share price of $5.61. The total for the purchase was set at $561 thousand. After this transaction, the Director account balance stood at 384.43 thousand shares. The stock lost -45.63 percent since that insider purchase. On 11/01/2018, Yearwood John, Director, purchased 197 thousand shares at a price per share of $5.14. This added 1.01 million shares to the insider’s fortune and the stock saw a -40.66 percent retreat in value since the news became public. This transaction left 397.43 thousand shares in the Director account. On 05/30/2017, CFO Restrepo William J performed a purchase transaction worth $181.5 thousand. This purchase at $8.25 each has added 22 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -63.03 percent decrease since the transaction was reported. The insider now is left with 961.69 thousand shares remaining in the account. Restrepo William J, who performs the CFO job, bought 22 thousand shares for $207.46 thousand. The acquisition occurred on 05/04/2017 was priced at $9.43 per share. The share price plunged -67.66 percent since the reporting date. Restrepo William J now left with a stake of 939.69 thousand NBR stock worth $2.88 million after the insider buying.

NBR shares accumulated 0.01 points or 0.33 percent on Thursday to $3.06 with a heavy trade volume of 30.408 million shares. After opening the session at $2.94, the shares went as high as $3.16 and as low as $2.85, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.19 billion and now has 388.82 million shares outstanding. Nabors Industries Ltd. (NBR) stock has lost -46.13 percent of market value in 21 trading days.

Analysts at BofA/Merrill, assumed coverage of Nabors Industries Ltd. (NYSE:NBR) with Buy recommendation, according to their opinion released on October 18. Analysts at Societe Generale issued an upgrade from Hold to Buy for the stock, in a research note that dated back to August 03.

NBR stock has a trailing 3-year beta of 1.72, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.36 a share in the trailing twelve months. The stock’s value has fallen -55.2 percent year to date (YTD) against a decline of -50.8 percent in 12 month’s time. The company’s shares still trade -65.48 percent away from its 1-year high of $8.86 and 0.66 percent up from 52-week low of $3.04. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Nabors Industries Ltd. (NBR) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NBR operates in has an average P/E of 1.64. Its P/E ratio went as low as 18.18X and as high as 33.62 over the 5-year span. Further, it is sporting a 0.4 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.7. 35 percent is the gross profit margin for Nabors Industries Ltd. and operating margin sits at -6.3 percent. Along with this, the net profit margin is -20.3 percent.

NBR will be declaring its Q4 financial results on February 19. Analysts are forecasting revenue to climb 13.7 percent to $805M in the next fiscal quarter, while earnings are seen soaring by nearly -50 percent to -$0.17 per share. History has shown that shares in Nabors Industries Ltd. have gone down on 20 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. In last reported earnings results, it earned -$0.29 per share, worse than the -$0.2, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $778M, worse than the $797M analysts expected. Earnings are estimated to increase by 64 percent this year, 74.8 percent next year and continue to increase by 0 percent annually for the next 5 years.