With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. The 52-week range on NBR shows that it touched its highest point at $105.96 and its lowest point at $34.42 during that stretch. It currently has a 1-year price target of $65.00. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NBR was down-trending over the past week, with a drop of -3.80%, but this was down by -30.07% over a month. Three-month performance dropped to -47.24% while six-month performance fell -48.60%. The stock lost -52.54% in the past year, while it has lost -32.24% so far this year. A look at the trailing 12-month EPS for NBR yields -22.36 with Next year EPS estimates of 2.02. For the next quarter, that number is -2.67. This implies an EPS growth rate of 79.46% for this year and 144.05% for next year.
Float and Shares Shorts:
At present, 9.50 million NBR shares are outstanding with a float of 8.53 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NBR since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$15.23809 being high and -$18.70459 being low. For NBR, this leads to a yearly average estimate of -$16.49302. Based on analyst estimates, the high estimate for the next quarter is -$2.48 and the low estimate is -$3.18. The average estimate for the next quarter is thus -$2.83.
Summary of Insider Activity:
Insiders traded NBR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
