Teton Advisors Inc. Takes $269,000 Position in Nabors Industries Ltd. (NBR)

Teton Advisors Inc. bought a new stake in shares of Nabors Industries Ltd. (NYSE:NBR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,372 shares of the oil and gas company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NBR. Aperio Group LLC grew its position in shares of Nabors Industries by 44.0% in the fourth quarter. Aperio Group LLC now owns 345,732 shares of the oil and gas company’s stock valued at $2,361,000 after purchasing an additional 105,602 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Nabors Industries by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,723,162 shares of the oil and gas company’s stock valued at $32,259,000 after purchasing an additional 45,208 shares during the last quarter. Greatmark Investment Partners Inc. acquired a new stake in shares of Nabors Industries in the fourth quarter valued at about $153,000. Wedge Capital Management L L P NC grew its position in shares of Nabors Industries by 21.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,586,131 shares of the oil and gas company’s stock valued at $17,663,000 after purchasing an additional 459,518 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Nabors Industries by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,549 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 13,525 shares during the last quarter. Institutional investors own 87.40% of the company’s stock.

Shares of Nabors Industries Ltd. (NYSE:NBR) opened at $7.45 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.27 and a current ratio of 1.41. The firm has a market capitalization of $2,370.00, a P/E ratio of -2.78 and a beta of 1.58. Nabors Industries Ltd. has a 1-year low of $5.32 and a 1-year high of $16.37.

NBR has been the topic of several research analyst reports. Bank of America lowered their price target on Nabors Industries from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Jefferies Group raised Nabors Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $6.19 to $9.00 in a research report on Wednesday, November 8th. UBS Group lowered their price target on Nabors Industries from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Cowen set a $9.00 price target on Nabors Industries and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group set a $8.00 price target on Nabors Industries and gave the company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $10.89.

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About Nabors Industries

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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Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

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