With 0.69 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 $25.11 during that stretch. It currently has a 1-year price target of $46.62. Beta for the stock currently stands at 1.58.
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 up-trending over the past week, with a rise of 1.43%, but this was down by -10.67% over a month. Three-month performance dropped to -44.02% while six-month performance fell -63.03%. The stock lost -61.25% in the past year, while it has lost -49.01% so far this year. A look at the trailing 12-month EPS for NBR yields -15.64 with Next year EPS estimates of -1.40. For the next quarter, that number is -1.32. This implies an EPS growth rate of 80.16% for this year and 68.51% for next year.
Float and Shares Shorts:
At present, 14.53 million NBR shares are outstanding with a float of 8.96 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 -$15.36937 being high and -$17.43248 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 -$0.74 and the low estimate is -$2.45. The average estimate for the next quarter is thus -$1.64.
