Nabors Energy Transition Corp. II (NASDAQ:NETD – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports.
Nabors Energy Transition Corp. II Trading Down 0.3%
Shares of Nabors Energy Transition Corp. II stock traded down $0.04 during mid-day trading on Thursday, hitting $11.34. 2,626 shares of the stock were exchanged, compared to its average volume of 207,429. The company has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $11.19. The stock has a market capitalization of $242.00 million, a price-to-earnings ratio of 59.66 and a beta of -0.02. Nabors Energy Transition Corp. II has a twelve month low of $10.71 and a twelve month high of $11.47.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Nabors Energy Transition Corp. II in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Institutional Trading of Nabors Energy Transition Corp. II
A number of institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Nabors Energy Transition Corp. II by 175.0% during the first quarter. Millennium Management LLC now owns 550,000 shares of the company’s stock worth $6,022,000 after purchasing an additional 350,000 shares in the last quarter. Shaolin Capital Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 100.0% in the 2nd quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock worth $2,220,000 after acquiring an additional 100,000 shares during the period. Finally, Radcliffe Capital Management L.P. acquired a new stake in Nabors Energy Transition Corp. II in the second quarter valued at approximately $2,775,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.
About Nabors Energy Transition Corp. II
Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.
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