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As of close of business last night, Nabors Industries Ltd’s stock clocked out at $37.04, down -7.84% from its previous closing price of $40.19. In other words, the price has decreased by -$7.84 from its previous closing price. On the day, 0.66 million shares were traded.
Ratios:
To gain a deeper understanding of NBR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 18.77 whereas as Long-Term Debt/Eq ratio is at 18.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on September 13, 2024, Downgraded its rating to Neutral and sets its target price to $75 from $110 previously.
Morgan Stanley Upgraded its Equal-Weight to Overweight on October 17, 2023, whereas the target price for the stock was revised from $160 to $175.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 2.61.
Stock Price History:
Over the past 52 weeks, NBR has reached a high of $105.96, while it has fallen to a 52-week low of $38.37. The 50-Day Moving Average of the stock is -33.04%, while the 200-Day Moving Average is calculated to be -46.91%.
Shares Statistics:
A total of 9.50M shares are outstanding, with a floating share count of 8.53M. Insiders hold about 10.59% of the company’s shares, while institutions hold 84.36% stake in the company.
Earnings Estimates
A comprehensive evaluation of Nabors Industries Ltd (NBR) is underway, with the input of 2.0 analysts contributing to its current rating.The consensus estimate for the next quarter is -$2.83, with high estimates of -$2.48 and low estimates of -$3.18.
Analysts are recommending an EPS of between -$9.21 and -$12.85 for the fiscal current year, implying an average EPS of -$11.03. EPS for the following year is $0.99, with 5.0 analysts recommending between $6.38 and -$5.63.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $698.27M. It ranges from a high estimate of $710M to a low estimate of $688M. As of the current estimate, Nabors Industries Ltd’s year-ago sales were $733.7MFor the next quarter, 6 analysts are estimating revenue of $776.18M. There is a high estimate of $880.4M for the next quarter, whereas the lowest estimate is $717.57M.
A total of 6 analysts have provided revenue estimates for NBR’s current fiscal year. The highest revenue estimate was $3.4B, while the lowest revenue estimate was $2.92B, resulting in an average revenue estimate of $3.09B. In the same quarter a year ago, actual revenue was $2.93BBased on 7 analysts’ estimates, the company’s revenue will be $3.42B in the next fiscal year. The high estimate is $4.03B and the low estimate is $3.08B.
