Is More Good News Ahead for Recent Winner Nabors Industries (NBR)? - Tale of the Tape
07 Marzo 2014 - 7:51AM
Zacks
One
company that should be on your radar is Nabors Industries
Ltd. (NBR). The stock of this basic materials company has
seen its Zacks Rank surge over the past four weeks, moving from
Hold territory to its current position as a Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For NBR’s full year estimate,
we have seen 9 estimates go higher in the past 30 days, compared to
1 downward revision. This trend has helped the consensus estimate
to trend higher, going from a $1.09 a share a month ago to its
current level at $1.18.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, NBR has seen some pretty solid
trading lately, as the company has moved higher by 38.3 % in the
past month.
If NBR can keep up this great momentum on the earnings estimate
front and continue to impress analysts, we could see more gains
ahead for this company, suggesting that you might want to put NBR
on your watch list for the future.
Other top-ranked stocks worth considering in this space include
Helmerich & Payne, Inc. (HP), New
Source Energy Partners L.P. (NSLP) and
Patterson-UTI Energy Inc. (PTEN). All these stocks
carry a Zacks Rank #1 (Strong Buy).
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HELMERICH&PAYNE (HP): Free Stock Analysis Report
NABORS IND (NBR): Free Stock Analysis Report
NEW SOURCE EGY (NSLP): Free Stock Analysis Report
PATTERSON-UTI (PTEN): Free Stock Analysis Report
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