Finance

Reviewing the Insider Trends for Nabors Industries Ltd. (NBR)

Recent insider trends for Nabors Industries Ltd. (NYSE:NBR) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. NBR’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 96.47% of Nabors Industries Ltd. (NBR)’s shares. The total value of these holdings, in millions, is $2,320. Among active positions in the latest quarter, 166 holders increased their positions by a total of 41.65 million shares, 170 holders decreased the positions by a total of 38.28 million shares, and 55 holders held their positions. This works out to a net increase in ownership of 3.37 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 48 holders initiated new positions by a total of 6.57 million shares and 53 holders exited their positions by a total of 16.91 million shares. This nets out to a decrease of 10.34 million shares and is another bearish sign for NBR.

In the last three months, insiders executed a total of 4 trades. 2 of these were buys and 2 were sells. Insider ownership increased by a total of 811878 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 971428 shares.



The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Nabors Industries Ltd. (NYSE:NBR)’s short interest is 46.54 million shares, or 16.94% of the float. This represents a decrease of -11% in the number of shares being shorted compared to the previous reading, and implies that investors felt less 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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