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The price of Nabors Industries Ltd (NYSE: NBR) closed at $67.89 in the last session, up 2.79% from day before closing price of $66.05. In other words, the price has increased by $2.79 from its previous closing price. On the day, 0.71 million shares were traded. NBR stock price reached its highest trading level at $68.8 during the session, while it also had its lowest trading level at $65.57.
Ratios:
We take a closer look at NBR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 10.06 whereas as Long-Term Debt/Eq ratio is at 10.04.
On October 17, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $160 to $175.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NBR now has a Market Capitalization of 648255808 and an Enterprise Value of 3707208448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 2.59. Its current Enterprise Value per Revenue stands at 1.266 whereas that against EBITDA is 4.217.
Stock Price History:
Over the past 52 weeks, NBR has reached a high of $141.47, while it has fallen to a 52-week low of $59.90. The 50-Day Moving Average of the stock is -15.59%, while the 200-Day Moving Average is calculated to be -14.95%.
Shares Statistics:
According to the various share statistics, NBR traded on average about 290.90K shares per day over the past 3-months and 292130 shares per day over the past 10 days. A total of 9.39M shares are outstanding, with a floating share count of 8.52M. Insiders hold about 10.65% of the company’s shares, while institutions hold 81.02% stake in the company. Shares short for NBR as of 1723680000 were 1780877 with a Short Ratio of 6.12, compared to 1721001600 on 1586965. Therefore, it implies a Short% of Shares Outstanding of 1780877 and a Short% of Float of 23.709999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.99.
