How Analysts Feel About Nabors Industries Ltd. (NBR) After Forming Bullish Inverse Head & Shoulders Chart Pattern?

March 18, 2018 - By Louis Casey

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.08, from 1.09 in 2017Q2. It dived, as 45 investors sold Nabors Industries Ltd. shares while 87 reduced holdings. 42 funds opened positions while 91 raised stakes. 274.98 million shares or 2.16% more from 269.17 million shares in 2017Q2 were reported.
Connor Clark Lunn Ltd holds 0.02% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 425,325 shares. Texas Permanent School Fund owns 208,647 shares. Teacher Retirement Sys Of Texas has 0% invested in Nabors Industries Ltd. (NYSE:NBR) for 23,435 shares. Nj State Employees Deferred Compensation Plan has 0.03% invested in Nabors Industries Ltd. (NYSE:NBR). Rbf Capital Ltd Company stated it has 63,948 shares or 0.07% of all its holdings. Renaissance Technology Lc holds 0.03% or 2.86 million shares. 45,055 were accumulated by Shell Asset Mngmt Company. Northwestern Mutual Wealth Mgmt Communication reported 1,442 shares. Integral Derivatives Lc holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 34,687 shares. Tortoise Cap Advisors Ltd has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Proshare Advsr Lc invested 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Fifth Third National Bank holds 0% or 2,382 shares. Citigroup Incorporated reported 1.81M shares. Teachers Retirement System Of The State Of Kentucky accumulated 49,420 shares. Shoker Invest Counsel holds 15,684 shares.

The stock of Nabors Industries Ltd. (NBR) formed H&SI with $7.35 price target or 5.00 % above the current $7.00 share price. The 5 months Head & Shoulders Inverse reveals low risk for the $2.21 billion company. This trade was featured by on Mar, 18. If the $7.35 target price is reached, the company’s valuation will be $110.45M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 1.45% or $0.1 during the last trading session, reaching $7. About 10.85M shares traded or 12.13% up from the average. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since March 18, 2017 and is uptrending. It has outperformed by 15.96% the S&P500.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on April, 25. They expect $-0.28 EPS, up 42.86 % or $0.21 from last year’s $-0.49 per share. After $-0.34 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -17.65 % EPS growth.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Nabors Industries Ltd. has $22 highest and $7.0 lowest target. $10.79’s average target is 54.14% above currents $7 stock price. Nabors Industries Ltd. had 109 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup reinitiated Nabors Industries Ltd. (NYSE:NBR) on Wednesday, May 10 with “Buy” rating. The firm has “Buy” rating given on Friday, March 18 by Citigroup. RBC Capital Markets maintained Nabors Industries Ltd. (NYSE:NBR) on Thursday, December 21 with “Buy” rating. Credit Suisse downgraded the shares of NBR in report on Wednesday, June 1 to “Neutral” rating. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Thursday, March 23 by Scotia Capital. The firm earned “Sector Perform” rating on Thursday, October 8 by Howard Weil. The rating was upgraded by Seaport Global on Friday, August 18 to “Buy”. Cowen & Co maintained Nabors Industries Ltd. (NYSE:NBR) rating on Thursday, September 14. Cowen & Co has “Buy” rating and $10.5 target. Credit Suisse maintained the shares of NBR in report on Thursday, October 26 with “Outperform” rating. The firm has “Hold” rating given on Wednesday, January 17 by J.P. Morgan.

More important recent Nabors Industries Ltd. (NYSE:NBR) news were published by: which released: “Nabors Industries Ltd. (NBR) Ex-Dividend Date Scheduled for March 12, 2018” on March 09, 2018, also published article titled: “Nabors (NBR) Q4 Loss Wider than Expected, Revenues Beat”, published: “Earnings Reaction History: Nabors Industries Ltd., 75.0% Follow-Through …” on February 27, 2018. More interesting news about Nabors Industries Ltd. (NYSE:NBR) was released by: and their article: “Nabors Industries (NBR) Q4 2017 Results – Earnings Call Transcript” with publication date: February 28, 2018.

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