Jefferies Reaffirms Nabors Industries (NBR) As “Hold”; Has TP Of $11.5000, Lightbridge (LTBR) Shorts Increased By 1.58%

July 17, 2017 - By Winifred Garcia

Among 28 analysts covering Nabors Industries Ltd. (NYSE:NBR), 22 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Nabors Industries Ltd. has $22 highest and $7 lowest target. $12.54’s average target is 61.18% above currents $7.78 stock price. Nabors Industries Ltd. had 76 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Wednesday, January 4. Suntrust Robinson initiated the stock with “Buy” rating in Wednesday, January 18 report. The firm has “Buy” rating given on Wednesday, April 5 by Instinet. The rating was maintained by Jefferies on Wednesday, April 26 with “Hold”. Cowen & Co maintained Nabors Industries Ltd. (NYSE:NBR) on Thursday, February 18 with “Outperform” rating. On Wednesday, April 27 the stock rating was maintained by Cowen & Co with “Outperform”. The firm earned “Outperform” rating on Tuesday, June 20 by Evercore. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Neutral” rating by Citigroup on Monday, October 5. Morgan Stanley maintained Nabors Industries Ltd. (NYSE:NBR) rating on Tuesday, April 19. Morgan Stanley has “Overweight” rating and $16.50 target. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, August 10.

Lightbridge Corporation (NASDAQ:LTBR) had an increase of 1.58% in short interest. LTBR’s SI was 891,600 shares in July as released by FINRA. Its up 1.58% from 877,700 shares previously. With 181,200 avg volume, 5 days are for Lightbridge Corporation (NASDAQ:LTBR)’s short sellers to cover LTBR’s short positions. The SI to Lightbridge Corporation’s float is 9.61%. The stock decreased 1.47% or $0.02 on July 14, reaching $1.34. About shares traded. Lightbridge Corp (NASDAQ:LTBR) has declined 18.26% since July 17, 2016 and is downtrending. It has underperformed by 34.96% the S&P500.

Lightbridge Corporation is a nuclear fuel technology company. The company has market cap of $12.89 million. The Firm participates in the nuclear power industry in the United States and internationally. It currently has negative earnings. The Company’s divisions include nuclear fuel technology business and nuclear energy consulting business.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on August, 2 after the close. They expect $-0.33 EPS, down 26.92% or $0.07 from last year’s $-0.26 per share. After $-0.49 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -32.65% EPS growth.

Since May 4, 2017, it had 2 insider buys, and 0 insider sales for $388,982 activity. $181,522 worth of Nabors Industries Ltd. (NYSE:NBR) shares were bought by Restrepo William J.

The stock decreased 0.26% or $0.02 on July 14, reaching $7.78. About shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since July 17, 2016 and is uptrending. It has outperformed by 15.96% the S&P500.

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