Microsoft Corp MSFT:NASDAQ

Last Price$149.70NASDAQ Previous Close - Last Trade as of 4:00PM ET 3/27/20

Today's Change-6.41(4.11%)
Bid (Size)$150.54 (1)
Ask (Size)$150.80 (2)
Day Low / High$149.20 - 154.89
Volume30.0 K

Research Alert: CFRA Maintains Hold Opinion On Shares Of Nabors Industries Ltd.

4:55PM ET 2/21/2020 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target to $2.50 from $2.00, which reflects a 5.3x multiple of enterprise value to our '20 EBITDA estimate, a discount to NBR's historical forward average and peers. We widen our loss per share estimates in '20 to $0.90 from $0.72 and start our '21 estimate at a $0.71 loss. NBR posts a Q4 loss per share of $0.23 vs. $0.24 loss, $0.04 above the consensus estimate. Revenue in the quarter was 4% below consensus expectations driven by lower revenues vs. the same quarter in the year prior across all regions, with the largest decline in Canada drilling (down 33%). NBR's lender amended its revolving credit facility maturing 2023 by replacing the covenant to maintain a net debt to capitalization ratio at less than 0.60 (currently at 0.54 per our calculations), with a covenant to maintain net debt at no greater than 5.5 times EBITDA (currently at 3.6x), providing more headroom on this facility. We see $635 million of debt maturing in 2021, which NBR will likely need to try to refinance. / Paige Meyer