Nabors Industries (NBR) to Release Quarterly Earnings on Wednesday

Nabors Industries (NYSE:NBR - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($1.98) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Nabors Industries (NYSE:NBR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts' consensus estimates of ($1.54) by ($2.30). The firm had revenue of $737.84 million during the quarter, compared to analysts' expectations of $749.52 million. Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%. On average, analysts expect Nabors Industries to post $-4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Nabors Industries Stock Up 0.3 %

Shares of Nabors Industries stock traded up $0.20 during trading on Wednesday, hitting $75.10. 224,514 shares of the stock were exchanged, compared to its average volume of 245,545. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.23. The firm's 50-day moving average price is $83.45 and its 200 day moving average price is $88.75. The stock has a market cap of $711.35 million, a price-to-earnings ratio of -14.55 and a beta of 2.33. Nabors Industries has a 12-month low of $71.42 and a 12-month high of $141.47.

Institutional Investors Weigh In On Nabors Industries

Several large investors have recently modified their holdings of NBR. ProShare Advisors LLC acquired a new stake in shares of Nabors Industries during the first quarter worth about $243,000. Raymond James & Associates acquired a new stake in Nabors Industries during the 1st quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Nabors Industries in the 1st quarter valued at approximately $251,000. Bank of New York Mellon Corp increased its holdings in shares of Nabors Industries by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 73,869 shares of the oil and gas company's stock valued at $11,281,000 after purchasing an additional 907 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Nabors Industries by 108.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,779 shares of the oil and gas company's stock valued at $576,000 after purchasing an additional 1,967 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark cut Nabors Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Susquehanna reaffirmed a "neutral" rating and issued a $88.00 price target on shares of Nabors Industries in a report on Monday, April 8th. Morgan Stanley dropped their price target on shares of Nabors Industries from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, February 12th. Finally, Atb Cap Markets downgraded shares of Nabors Industries from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $129.60.

About Nabors Industries

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.