Nabors Industries Ltd (NBR) Files Form 4 Insider Buying : Howard Wolf Buys 15,000 Shares

Nabors Industries Ltd (NBR): Howard Wolf , director of Nabors Industries Ltd purchased 15,000 shares on Apr 28, 2016. The Insider buying transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.78 per share for a total value of $146,769.47 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 11, 2015, James R Crane (director) purchased 149 shares at $15.56 per share price.

Nabors Industries Ltd.: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in Nabors Industries Ltd. which led to swings in the share price. The shares opened for trading at $9.86 and hit $10.29 on the upside , eventually ending the session at $9.83, with a gain of 5.13% or 0.48 points. The heightened volatility saw the trading volume jump to 1,91,92,798 shares. The 52-week high of the share price is $16.99 and the company has a market cap of $3,256 M . The 52-week low of the share price is at $4.93.

Nabors Industries Ltd. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nabors Industries Ltd. is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $8.75 .The Rating was issued on Apr 27, 2016.Nabors Industries Ltd. is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 27, 2016.Nabors Industries Ltd. is Initiated by Nomura to Neutral. The Rating was issued on Apr 8, 2016.Nabors Industries Ltd. is Upgraded by Scotia Howard Weil to Sector Outperform. Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on Mar 28, 2016.Nabors Industries Ltd. is Reiterated by Cowen to Outperform while Lowering the Price Target of the company shares to $ 8.75 from a previous price target of $13.50 . The Rating was issued on Feb 18, 2016.

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.

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