Short Call on Analysts Review: Nabors Industries Ltd. (NYSE:NBR), Range Resources Corporation (NYSE:RRC)

Nabors Industries Ltd. (NYSE:NBR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -2.72% to $14.64. Finally to see some strong financial remarks by WSJ over NBR performance. Out of the pool of analysts 19 gave their BUY ratings on the stock in previous month as 19 analysts having BUY in current month. The stock was ranked as Underweight by 2 analysts while 1 analyst gave SELL rank. Majority ranked Overweight from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $-0.31 while one month ago this estimate trend was for $-0.31. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $0.06 and for the one month was for $-1.30 as compared to three months ago was for $-1.29. NBR received highest price target of 25 and low target of 7.25. The stock price target chart showed average price target of 19.21 as compared to current price of 14.64.

The share price of NBR attracts active investors, as stock price of week volatility recorded 3.49%. The stock is going forward to its 52-week low with 123.29% and lagging behind from its 52-week high price with -20.43%.

Range Resources Corporation (NYSE:RRC) [Trend Analysis] plunged reacts as active mover, shares a decrease -0.36% to traded at $27.62 and the percentage gap between open changing to regular change was -0.25%. Finally, analysts shed their light over the RRC price targets; maintaining price high target of 62 while at average the price target was 46.72 in contrast with the current price of 27.62. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 24 analysts recommending BUY ratings for current month and for previous month 22 stands on similar situation; while 12 for the current month as compared to 14 analysts recommending for HOLD from the pool for previous month. While 3 stands at overweight and 2 analysts gave Underweight and 1 out of pool consider it as Sell for current month. For the overall, consensus ratings were for Overweight.

The firm’s current ratio calculated as 0.40 for the most recent quarter. The firm past twelve months price to sales ratio was 5.25 and price to cash ratio remained 23824.09. As far as the returns are concern, the return on equity was recorded as -13% and return on investment was -0.90% while its return on asset stayed at -5.80%. The firm has total debt to equity ratio measured as 0.70.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

Leave a Reply

Your email address will not be published. Required fields are marked *