Nabors Industries Ltd. (NYSE:NBR) kept active in under and overvalue discussion, NBR holds price to book ratio of 1.40 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.
Fundament/ News Factor in Focus
A fully owned affiliate of land drilling contractor Nabors Industries Ltd. (NBR), Nabors Industries Inc. NII declared the pricing of senior unsecured notes of $500 million. The notes will be offered to selected institutional investors.
The notes are slated to mature in 2024 and will carry an interest rate of 0.75%, payable semi-annually from Jul 15, 2017. Also, NII gives a 30-day option to purchase additional senior unsecured notes worth $75 million under the same terms and conditions. This option is made accessible to purchasers in order to cover over allotments, if any.
The co is presenting price to cash flow as 24.97 and while calculating price to free cash flow it concluded at 25.36, the low single digit may indicate stock is undervalued and vice versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower. The firm has price volatility of 3.42% for a week and 3.46% for a month. Its beta stands at 1.72 times. Narrow down four to firm performance, its weekly performance was 4.00% and monthly performance was 9.84%.
Occidental Petroleum Corporation (NYSE:OXY) runs in leading trade, it increasing remains unchanged to traded at $69.35. OXY attains analyst recommendation of 2.50 on scale of 1-5 with week’s performance of -2.98%.
To find out the technical position of OXY, it holds price to book ratio of 2.38 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 51.56. OXY is presenting price to cash flow of 16.66.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -841.70%, and looking further price to next year’s EPS is 250.60%. While take a short look on price to sales ratio, that was 5.19.