Earnings

What the Insider Data Suggests About Nabors Industries Ltd. (NBR)

Recent insider trends for Nabors Industries Ltd. (NYSE:NBR) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of NBR, the data has some interesting implications for where the stock might be headed.

Institutions own 98.11% of Nabors Industries Ltd. (NBR)’s shares. The total value of these holdings, in millions, is $2,325. Among active positions in the latest quarter, 165 holders increased their positions by a total of 42.16 million shares, 178 holders decreased the positions by a total of 60.34 million shares, and 42 holders held their positions. This works out to a net decrease in ownership of 18.18 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 44 holders initiated new positions by a total of 12.89 million shares and 63 holders exited their positions by a total of 23.03 million shares. This nets out to a decrease of 10.14 million shares and is another bearish sign for NBR.

In the last three months, insiders executed a total of 0 trades. 0 of these were buys and 0 were sells. Insider ownership increased by a total of 0 shares, which suggests that NBR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 13 buys and 10 sells, and ownership increased by a net of 436149 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Nabors Industries Ltd. (NYSE:NBR)’s short interest is 37.27 million shares, or 13.57% of the float. This represents an increase of 61% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for NBR. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NBR is a Strong buy, which implies that NBR is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Nabors Industries Ltd. (NYSE:NBR) is undervalued.

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