Nabors Industries Ltd. (NBR) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.15 million) in Nabors Industries Ltd. (NBR). On Wednesday, The value of composite uptick trades was $6.41 million, whereas, the value of composite downtick trades was $7.56 million and the ratio between the two was 0.85, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.49 million. $1.33 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.9. The negative money flow of ($0.16 million) shows selling on strength. Nabors Industries Ltd. (NBR) gained $0.35 intraday at $10.52 and registrered 3.39% for the week.
Shares of Nabors Industries Ltd. rose by 12.15% in the last five trading days and 13.91% for the last 4 weeks. Nabors Industries Ltd. is up 16.36% in the last 3-month period. Year-to-Date the stock performance stands at 34.73%.
Nabors Industries Ltd. (NBR) has an average broker rating of 1.53, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Nabors Industries Ltd. (NYSE:NBR): The stock opened at $10.31 and touched an intraday high of $11.27 on Wednesday. During the day, the stock corrected to an intraday low of $10.24, however, the bulls stepped in and pushed the price higher to close in the green at $11.26 with a gain of 10.72% for the day. The total traded volume for the day was 12,113,809. The stock had closed at $10.17 in the previous trading session.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company provides of offshore platform work over and drilling rigs. Its business is conducted through two business lines: Drilling & Rig Services and Completion & Production Services. It provides drilling technology and equipment and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. It manufactures and leases or sells top drives and other rig equipment. Its Drilling & Rig Services business line consists of four operating segments: U.S., Canada, International and Rig Services. Its Completion & Production Services business line consists of its operations involved in the completion, life-of-well maintenance and plugging and abandonment of a well and consists of two operating segments: Completion Services and Production Services.