NEW YORK (TheStreet) -- Shares of Nabors Industries Ltd. are lower by 5.87% to $10.42 in mid-morning trading on Monday. Oil and energy related stocks are falling today as oil prices reach new lows as larger banks continue to cut their forecasts for the year. Crude oil (WTI) is down by 4.09% to $46.38 per barrel, and Brent crude is slipping by 4.49% to $47.86 this morning, according to the Bloomberg index. Société Générale and Goldman Sachs both lowered their oil-price forecasts in releases issued over the weekend. Exclusive Report: Jim Cramer's Best Stocks For 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Goldman sees Brent prices averaging $50.40 per barrel this year, down from its previous estimate of $83.75 per barrel, and sees the U.S. benchmark reaching $47.15 per barrel versus its earlier forecast of $73.75 per barrel, the Wall Street Journal reports. Société Générale said it is expecting Brent prices to be $55 per barrel, from $70 per barrel, and the U.S. benchmark to be $51 per barrel, from $65 per barrel in 2015, the Journal added. "To keep all capital sidelined and curtail investment in shale until the market has rebalanced, we believe prices need to stay lower for longer," Goldman Sachs said in its report, the Journal noted. Oil prices have been down since June on concerns of a global oversupply. In November, OPEC announced it would not be reducing its production rate despite the supply glut. Separately, TheStreet Ratings team rates NABORS INDUSTRIES LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate NABORS INDUSTRIES LTD (NBR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: NBR's revenue growth has slightly outpaced the industry average of 15.9%. Since the same quarter one year prior, revenues rose by 16.9%. Growth in the company's revenue appears to have helped boost the earnings per share. NABORS INDUSTRIES LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NABORS INDUSTRIES LTD reported lower earnings of $0.51 versus $0.80 in the prior year. This year, the market expects an improvement in earnings ($1.20 versus $0.51). NBR's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 32.36%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Although its share price is down sharply from a year ago, do not assume that it can now be tagged as cheap and attractive. The reality is that, based on its current price in relation to its earnings, NBR is still more expensive than most of the other companies in its industry. The gross profit margin for NABORS INDUSTRIES LTD is currently lower than what is desirable, coming in at 34.83%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 5.84% trails that of the industry average. You can view the full analysis from the report here: NBR Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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