Nabors Industries (NYSE: NBR) recently received a number of ratings updates from brokerages and research firms:
Nabors Industries Ltd. (NYSE:NBR) traded down 2.40% during trading on Friday, hitting $16.24. The stock had a trading volume of 5,723,190 shares. The firm’s market capitalization is $4.60 billion. Nabors Industries Ltd. has a one year low of $5.35 and a one year high of $18.40. The stock has a 50 day moving average of $16.91 and a 200 day moving average of $12.70.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th were given a $0.06 dividend. The ex-dividend date was Monday, December 12th. This represents a $0.24 annualized dividend and a yield of 1.44%. Nabors Industries’s dividend payout ratio is presently -7.92%.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.