News stories about Nabors Industries (NYSE:NBR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nabors Industries earned a news impact score of 0.23 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 47.0262866352636 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Nabors Industries Ltd. (NBR) stock price is trading underground than the 200 day moving average with distance of … – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Nabors Industries Ltd. (NBR) Stock in List of Hot Mover Must-Know Volatility Figures – Investing News Update (investingbizz.com)
- Nabors Industries Ltd., (NYSE: NBR) – Intraday Trade Secrets – Stock Watch (stocksnewstimes.com)
- Worth Watching Stocks Roundup: Nabors Industries Ltd., (NYSE: NBR), Stein Mart, Inc., (NASDAQ: SMRT) – StocksNewsPro (press release) (stocksnewspro.com)
- Lookout Watch Unusual Volume Activity – Nabors Industries Ltd. (NBR) – Wall Street Morning (wallstreetmorning.com)
Nabors Industries stock opened at $7.55 on Thursday. Nabors Industries has a 52-week low of $5.32 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.57 and a quick ratio of 1.39. The firm has a market capitalization of $2,177.21, a PE ratio of -3.97 and a beta of 1.68.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.18%. Nabors Industries’s dividend payout ratio is currently -12.63%.
NBR has been the topic of a number of research reports. Stephens initiated coverage on shares of Nabors Industries in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $8.00 target price on the stock. Zacks Investment Research upgraded shares of Nabors Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine downgraded shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and set a $13.00 price objective on shares of Nabors Industries in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. downgraded shares of Nabors Industries from an “overweight” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.89.
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Nabors Industries Company Profile
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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