With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. The 52-week range on NBR shows that it touched its highest point at $105.96 and its lowest point at $24.40 during that stretch. It currently has a 1-year price target of $37.62. Beta for the stock currently stands at 1.53.
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 -16.93%, but this was down by -7.87% over a month. Three-month performance dropped to -40.99% while six-month performance fell -64.82%. The stock lost -67.88% in the past year, while it has lost -55.38% so far this year. A look at the trailing 12-month EPS for NBR yields -15.64 with Next year EPS estimates of -2.73. For the next quarter, that number is -0.96. This implies an EPS growth rate of 96.82% for this year and -284.73% for next year.
Float and Shares Shorts:
At present, 14.53 million NBR shares are outstanding with a float of 8.71 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 -$15.79312 being high and -$17.56332 being low. For NBR, this leads to a yearly average estimate of -$16.49302.
