Nabors Industries (NBR) Earning Somewhat Favorable Press Coverage, Study Shows

News stories about Nabors Industries (NYSE:NBR) have trended somewhat positive on Thursday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nabors Industries earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.6677435632023 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on NBR. Morgan Stanley upped their target price on Nabors Industries from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, April 11th. Cowen reissued a “buy” rating and set a $10.00 price objective on shares of Nabors Industries in a report on Friday, April 13th. Citigroup increased their price objective on Nabors Industries to $9.50 and gave the company a “buy” rating in a report on Tuesday, May 8th. Finally, ValuEngine raised Nabors Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Nabors Industries has an average rating of “Hold” and a consensus target price of $9.73.

Nabors Industries traded down $0.14, hitting $6.99, during trading hours on Thursday, Marketbeat Ratings reports. 11,776,647 shares of the stock traded hands, compared to its average volume of 10,804,137. Nabors Industries has a one year low of $5.32 and a one year high of $8.86. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -4.29 and a beta of 1.58. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.72 and a current ratio of 1.95.

Nabors Industries (NYSE:NBR) last released its earnings results on Tuesday, May 1st. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.01). Nabors Industries had a negative net margin of 19.81% and a negative return on equity of 14.45%. The business had revenue of $734.66 million for the quarter, compared to analysts’ expectations of $763.99 million. analysts predict that Nabors Industries will post -0.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Tuesday, June 12th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, June 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.43%. Nabors Industries’s payout ratio is currently -14.72%.

Nabors Industries Company Profile

Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. It operates through five segments: U.S., Canada, International, Drilling Solutions, and Rig Technologies. The company offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services.

Insider Buying and Selling by Quarter for Nabors Industries (NYSE:NBR)

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