One of the trending stocks on Friday was Nabors Industries Ltd. (NYSE:NBR). The number of shares transacted for the day under observation was 10421517 contracts. Over the past one week, the average daily trading volume came in at about 12462181 shares per day. The regular trading started at $2.17 but as the trading evolved, the stock receded, finishing the session with a gain of 1.38%. Its shares recently registered a price of $2.2 apiece.

Nabors Industries Ltd. (NBR): A 10% Rally In This Year — But Still Has Room To Grow 96.82%

According to 24 stock analysts, Nabors Industries Ltd., is being kept at an average Outperform, rating, with at least 13.18% of shares outstanding that are currently legally short sold. The shares of the corporation went down by -22.26% during the previous month. So far this year, the stock had gone up by 10%. With these types of results, analysts are more optimistic than before, leading 13 of analysts who cover Nabors Industries Ltd. (NYSE:NBR) to advise their clients to include it in their buy candidate list. However, on the Street, the shares for the company have been tagged a $4.33 price target, indicating that the shares will rally 96.82% from its current levels. At the moment, the stock is trading for about -67.88% less than its 52-week high.

Nabors Industries Ltd. Last Posted -0.29% Sales Growth

Nabors Industries Ltd. (NBR) has so far tried but failed to beat the consensus-estimated -$0.26, with their earning staying at -$0.36 per share. This was revealed in their last financial report. Their revenue meanwhile grew by -0.29% from the last quarter, totaling $774.36 million.

NBR Is -12.56% Away From SMA20

The shares of the company (NBR) staged the smart recovery and have roared back some 21.55% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 8.29% for the week and by increasing the timeframe to a month, the volatility stood at 8.15%. As for the share price, it has gone below the 20 days moving average and is now hovering within a distance of -12.56%. Currently the price is sitting at -14.51% lower than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report -2.22% losses, thus going down by -35.4%, compared with its 200-day moving average of $3.0848.

Edison International (NYSE:EIX) Has 4 Buy or Better Ratings

Edison International (EIX) was also brought into the spotlight with a $0.92 rise. As the regular session came to an end, the price changed by 1.31% to $70.95. The trading of the day started with the price of the stock at $70.16. However, at one point, in the middle of the day, the price touched a high of $72.59 before it finally returned some of the gains. Analyzing EIX this week, analysts seem to be content with keeping to their neutral forecast call at 2.2. Edison International analysts gave 4 buy-equivalent recommendations, 0 sells and 6 holds. This company shares tumbled -0.82% from their most recent record high of $71.54 and now hold $23.13 billion in market value of equity.

Edison International Underpriced by 11.35%

EIX’s mean recommendation on Reuter’s scale has been revised downward from 2.19 thirty days ago to 2.13 now. This is an indication of a hold consensus from the analysts’ society. They expect that Edison International (EIX) price will be reaching a mean target of $73.31 a share. This implies that they believe the stock has what it takes to lift the price another 3.33%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 11.35% compared to the most bullish target.

Edison International (EIX) Returns 24.98% This Year

The company during the last trade was able to reach a volume of 4547217 shares. That activity is comparable to their recent volume average trend of nearly 2237160 shares which they recorded over a period of one week. The stock price volatility for last week at the close of regular trading was 2.21%, pushing the figure for the whole month to now reaching 2.07%. Edison International price was kept to a minimum $69.65 in intra-day trade and has returned 24.98% this year alone. At a certain point in the past four quarters, the shares traded as low as $45.5 but made a 55.93% recovery since then. [T5]