Nabors Industries Company Profile (NYSE:NBR)

About Nabors Industries (NYSE:NBR)

Nabors Industries logoNabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. The Company provides wellbore placement services, drilling software and performance tools, drilling equipment and various technologies throughout the oil and gas markets. The Company's Drilling & Rig Services business comprises land-based and offshore drilling rig operations and other rig services, consisting of equipment manufacturing, rig instrumentation and optimization software. The Company is a provider of directional drilling and measurement while drilling (MWD) systems and services. The Company also provides drilling technology and equipment, and well-site services.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NYSE:NBR
  • CUSIP: G6359F10
  • Web:
  • Market Cap: $2.95 billion
  • Outstanding Shares: 285,800,000
Average Prices:
  • 50 Day Moving Avg: $11.45
  • 200 Day Moving Avg: $14.18
  • 52 Week Range: $7.84 - $18.40
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -103.20
  • P/E Growth: -1.07
Sales & Book Value:
  • Annual Revenue: $2.19 billion
  • Price / Sales: 1.35
  • Book Value: $11.12 per share
  • Price / Book: 0.93
  • Annual Dividend: $0.24
  • Dividend Yield: 2.3%
  • EBIDTA: $562.51 million
  • Net Margins: -36.84%
  • Return on Equity: -8.04%
  • Return on Assets: -3.51%
  • Debt-to-Equity Ratio: 0.97%
  • Current Ratio: 1.36%
  • Quick Ratio: 1.18%
  • Average Volume: 7.62 million shs.
  • Beta: 1.72
  • Short Ratio: 4.83

Frequently Asked Questions for Nabors Industries (NYSE:NBR)

What is Nabors Industries' stock symbol?

Nabors Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBR."

How often does Nabors Industries pay dividends? What is the dividend yield for Nabors Industries?

Nabors Industries announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.06 per share on Tuesday, April 4th. This represents a $0.24 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, March 10th. View Nabors Industries' Dividend History.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) released its quarterly earnings data on Wednesday, April, 26th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.16. The business earned $563 million during the quarter, compared to the consensus estimate of $569.96 million. Nabors Industries had a negative net margin of 36.84% and a negative return on equity of 8.04%. Nabors Industries's quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) earnings per share. View Nabors Industries' Earnings History.

When will Nabors Industries make its next earnings announcement?

Nabors Industries is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Nabors Industries.

Where is Nabors Industries' stock going? Where will Nabors Industries' stock price be in 2017?

21 analysts have issued 1 year price objectives for Nabors Industries' stock. Their predictions range from $8.00 to $22.00. On average, they anticipate Nabors Industries' stock price to reach $16.21 in the next twelve months. View Analyst Ratings for Nabors Industries.

What are analysts saying about Nabors Industries stock?

Here are some recent quotes from research analysts about Nabors Industries stock:

  • 1. Evercore ISI analysts commented, "Since we suspended coverage in May of 2016, Nabors has undergone a mini-transformation which we believe is deserving of a multiple re-rating. The company's new strategic plan (presented at its November analyst day) outlines a path which should alleviate many of the stock's perceived overhangs, namely: leverage, outsized international exposure, and a relatively smaller, less-capable domestic fleet. The company is also pursuing several strategic and technological initiatives to add additional auxiliary services with the rig serving as a platform for service integration. This should allow the company to capture a greater portion of customers' drilling spend and increase margins. Speaking to this point, NBR expects to generate $1.6 billion in 2020 EBITDA, which is 111% of 2014 EBITDA but with just 80% of its 2014 rig-years as global margins increase to 113% of 2014 levels. With a plan in hand, execution now becomes the focus. We rate the shares Buy with a $20 PT based on 6.0x our 2019E EBITDA of $1.5 billion." (2/22/2017)
  • 2. According to Zacks Investment Research, "With leading positions in most natural gas and oil-based shale plays, Nabors Industries is a big player in the North American land drilling market. The company continues to fare well on its aggressive cost-management techniques and strong performance by the international business segment that has helped the well service provider to trump estimates in 3 of the past 4 quarters. Moreover, with the recent OPEC deal and the subsequent advancement of crude oil, producers are likely to revive spending on drilling activities that would spur rig count. This, in turn, will result in improved demand for oilfield equipments, thereby driving Nabors' revenues, earnings and cash flow. Consequently, we think Nabors offers substantial upside potential from the current price levels and label it as an attractive investment." (1/31/2017)

Who are some of Nabors Industries' key competitors?

Who owns Nabors Industries stock?

Nabors Industries' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.93%), Vanguard Group Inc. (8.12%), Dimensional Fund Advisors LP (7.10%), Morgan Stanley (6.76%), Van ECK Associates Corp (5.60%) and Bank of New York Mellon Corp (5.09%). Company insiders that own Nabors Industries stock include Howard Wolf and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.

Who sold Nabors Industries stock? Who is selling Nabors Industries stock?

Nabors Industries' stock was sold by a variety of institutional investors in the last quarter, including CI Investments Inc., FMR LLC, Van ECK Associates Corp, Prudential Financial Inc., Ameriprise Financial Inc., Oxford Asset Management, First Trust Advisors LP and BlueCrest Capital Management Ltd. View Insider Buying and Selling for Nabors Industries.

Who bought Nabors Industries stock? Who is buying Nabors Industries stock?

Nabors Industries' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Bank of New York Mellon Corp, Deprince Race & Zollo Inc., Bank of America Corp DE, Russell Investments Group Ltd., Dimensional Fund Advisors LP and Vanguard Group Inc.. Company insiders that have bought Nabors Industries stock in the last two years include Howard Wolf and William J Restrepo. View Insider Buying and Selling for Nabors Industries.

How do I buy Nabors Industries stock?

Shares of Nabors Industries can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Nabors Industries stock cost?

One share of Nabors Industries stock can currently be purchased for approximately $10.32.

Analyst Ratings

Consensus Ratings for Nabors Industries (NYSE:NBR) (?)
Ratings Breakdown: 5 Hold Ratings, 16 Buy Ratings
Consensus Rating:Buy (Score: 2.76)
Consensus Price Target: $16.21 (57.03% upside)

Analysts' Ratings History for Nabors Industries (NYSE:NBR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/10/2017Citigroup IncReiterated RatingBuy -> BuyLowView Rating Details
5/6/2017BMO Capital MarketsSet Price TargetHold$13.00HighView Rating Details
5/3/2017Jefferies Group LLCLower Price TargetHold$15.00 -> $11.50HighView Rating Details
4/30/2017Credit Suisse Group AGSet Price TargetBuy$18.00MediumView Rating Details
4/28/2017Goldman Sachs Group IncDowngradeConviction-Buy -> Buy$17.50 -> $18.00MediumView Rating Details
4/5/2017NomuraUpgradeNeutral -> BuyMediumView Rating Details
4/5/2017InstinetUpgradeNeutral -> Buy$15.00 -> $17.00MediumView Rating Details
4/3/2017Royal Bank of CanadaReiterated RatingBuy$20.00HighView Rating Details
3/22/2017ScotiabankReiterated RatingBuy$22.00LowView Rating Details
2/22/2017Evercore ISIInitiated CoverageBuy$20.00N/AView Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$20.00N/AView Rating Details
12/7/2016StephensDowngradeOverweight -> Hold$16.00N/AView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageOutperform$19.50N/AView Rating Details
11/29/2016Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
11/15/2016Howard WeilBoost Price TargetSector Outperform$15.00 -> $17.00N/AView Rating Details
11/11/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
9/23/2016ArgusReiterated RatingHoldN/AView Rating Details
9/19/2016Capital One Financial Corp.UpgradeEqual Weight -> Overweight$13.00N/AView Rating Details
9/15/2016DA DavidsonInitiated CoverageBuy$16.00N/AView Rating Details
8/8/2016SimmonsReiterated RatingNeutral$12.25 -> $12.50N/AView Rating Details
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyN/AView Rating Details
4/27/2016Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
4/27/2016Morgan StanleyReiterated RatingOverweight$16.50 -> $17.00N/AView Rating Details
4/27/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$12.00N/AView Rating Details
4/27/2016GMP SecuritiesUpgradeHold -> BuyN/AView Rating Details
4/27/2016Cowen and CompanyReiterated RatingOutperform$8.75 -> $11.00N/AView Rating Details
3/13/2016Deutsche Bank AGReiterated RatingBuy$10.00N/AView Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetPositive$11.00 -> $12.00N/AView Rating Details
2/19/2016KLR GroupLower Price TargetBuy$13.00 -> $11.00N/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$14.00N/AView Rating Details
(Data available from 5/23/2015 forward)


Earnings History for Nabors Industries (NYSE:NBR)
Earnings by Quarter for Nabors Industries (NYSE:NBR)
Earnings History by Quarter for Nabors Industries (NYSE:NBR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017Q1 2017($0.36)($0.52)$569.96 million$563.00 millionViewN/AView Earnings Details
2/22/2017Q416($0.34)($0.30)$543.04 million$539.20 millionViewN/AView Earnings Details
10/25/2016Q316($0.34)($0.35)$543.48 million$519.70 millionViewN/AView Earnings Details
8/2/2016Q216($0.45)($0.26)$497.83 million$571.60 millionViewN/AView Earnings Details
4/25/2016Q116($0.33)($0.29)$630.81 million$597.60 millionViewN/AView Earnings Details
2/16/2016Q415($0.38)($0.22)$732.89 million$693.70 millionViewListenView Earnings Details
10/27/2015Q315($0.14)($0.14)$771.72 million$812.40 millionViewListenView Earnings Details
8/4/2015Q215($0.09)($0.14)$800.69 million$862.00 millionViewN/AView Earnings Details
4/21/2015Q115$0.05$0.20$1.36 billion$1.42 billionViewN/AView Earnings Details
3/2/2015Q414$0.39$0.33$1.84 billion$1.78 millionViewN/AView Earnings Details
11/10/2014Q3 2014$0.37$0.39$1.81 billionViewN/AView Earnings Details
10/21/2014Q314$0.36$0.39$1.72 billion$1.81 billionViewListenView Earnings Details
7/22/2014Q214$0.23$0.24$1.59 billion$1.62 billionViewListenView Earnings Details
4/22/2014Q114$0.16$0.16$1.56 billion$1.59 billionViewN/AView Earnings Details
2/18/2014Q413$0.20$0.42$1.55 billion$1.61 billionViewListenView Earnings Details
10/23/2013Q313$0.19$0.20$1.59 billion$1.55 billionViewListenView Earnings Details
7/23/2013Q2 2013$0.09$0.08$1.58 billion$1.51 billionViewListenView Earnings Details
4/23/2013Q1 2013$0.28$0.33$1.64 billion$1.58 billionViewListenView Earnings Details
2/19/2013Q4 2012$0.29$0.44$1.66 billion$1.63 billionViewListenView Earnings Details
10/23/2012$0.38$0.42ViewN/AView Earnings Details
7/24/2012$0.39$0.38ViewN/AView Earnings Details
2/21/2012$0.50$0.30ViewN/AView Earnings Details
10/25/2011$0.41$0.44ViewN/AView Earnings Details
4/26/2011$0.34$0.29ViewN/AView Earnings Details
2/15/2011$0.37$0.44ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Nabors Industries (NYSE:NBR)
2017 EPS Consensus Estimate: ($1.13)
2018 EPS Consensus Estimate: ($0.24)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.39)($0.30)($0.35)
Q2 20175($0.35)($0.27)($0.31)
Q3 20175($0.30)($0.23)($0.26)
Q4 20175($0.25)($0.16)($0.21)
Q1 20182($0.17)($0.10)($0.14)
Q2 20182($0.14)($0.04)($0.09)
Q3 20182($0.12)$0.04($0.04)
Q4 20182($0.06)$0.12$0.03
(Data provided by Zacks Investment Research)


Current Dividend Information for Nabors Industries (NYSE:NBR)
Most Recent Dividend:4/4/2017
Annual Dividend:$0.24
Dividend Yield:2.33%
Dividend Growth:4.00% (3 Year Average)
Payout Ratio:-7.92% (Trailing 12 Months of Earnings)
-18.32% (Based on This Year's Estimates)
-240.00% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Nabors Industries (NYSE:NBR)

Dividend History by Quarter for Nabors Industries (NYSE:NBR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Nabors Industries (NYSE:NBR)
Insider Ownership Percentage: 3.53%
Institutional Ownership Percentage: 93.88%
Insider Trades by Quarter for Nabors Industries (NYSE:NBR)
Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)
Insider Trades by Quarter for Nabors Industries (NYSE:NBR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/4/2017William J RestrepoCFOBuy22,000$9.43$207,460.00View SEC Filing  
4/28/2016Howard WolfDirectorBuy15,000$9.78$146,700.00View SEC Filing  
7/26/2013John P KottsDirectorBuy120,000$14.95$1,794,000.00View SEC Filing  
7/25/2013Howard WolfDirectorBuy11,000$14.90$163,900.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Nabors Industries (NYSE:NBR)
Latest Headlines for Nabors Industries (NYSE:NBR)
DateHeadline logoEnergy Industry Deals Expected To Be Struck During Trump’s Saudi Visit - May 20 at 6:23 PM logoGrab This Bargain Energy Stock Even Cheaper Than Chief Financial Officer Restrepo Did - May 19 at 7:14 PM logoETFs with exposure to Nabors Industries Ltd. : May 15, 2017 - May 15 at 6:05 PM logoHow Much Did Weatherford Drop in the Year before May 12, 2017? - May 15 at 6:05 PM logoYour first trade for Thursday, May 11 - May 11 at 7:14 PM logoCitigroup Inc Reiterates "Buy" Rating for Nabors Industries Ltd. (NBR) - May 10 at 9:30 PM logoOptions say these two stocks are heading higher - May 10 at 6:58 PM logoWilliam J. Restrepo Acquires 22,000 Shares of Nabors Industries Ltd. (NBR) Stock - May 8 at 7:56 PM logoQ2 2017 EPS Estimates for Nabors Industries Ltd. (NBR) Reduced by Jefferies Group - May 5 at 7:20 AM logoNabors Industries Ltd. to Post FY2020 Earnings of $1.75 Per Share, Jefferies Group Forecasts (NBR) - May 4 at 8:04 PM logoETFs with exposure to Nabors Industries Ltd. : May 4, 2017 - May 4 at 6:49 PM logo$596.78 Million in Sales Expected for Nabors Industries Ltd. (NBR) This Quarter - May 4 at 1:56 PM logoNabors Industries Ltd. (NBR) Rating Reiterated by Jefferies Group LLC - May 3 at 10:56 PM logoNabors Industries Ltd. :NBR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017 - May 3 at 5:47 PM logoZacks: Brokerages Expect Nabors Industries Ltd. (NBR) Will Announce Earnings of -$0.30 Per Share - May 2 at 2:08 PM logoNabors Industries Ltd. (NBR) Given a $18.00 Price Target by Credit Suisse Group AG Analysts - May 1 at 7:08 PM logoDid Nabors Industries Beat 1Q17 Estimates? - May 1 at 5:43 PM logoHow Nabors Industries’ Segments Performed in 1Q17 - May 1 at 5:43 PM logoNabors Industries' Management Wasn't Impressed With Its First Quarter Performance - May 1 at 12:22 PM logoNabors Industries Ltd. (NBR) Given Average Recommendation of "Buy" by Brokerages - May 1 at 10:33 AM logoNabors Industries' Management Wasn't Impressed With Its First Quarter Performance - May 1 at 9:37 AM logoNabors Industries (NBR) Getting Somewhat Favorable Press Coverage, Report Finds - April 29 at 1:43 PM logoNabors (NBR) Misses on Q1 Earnings, Revenue Estimates - Yahoo Finance - April 29 at 8:16 AM logoNabors (NBR) Misses on Q1 Earnings, Revenue Estimates - Nasdaq - April 29 at 12:47 AM logoNabors (NBR) Misses on Q1 Earnings, Revenue Estimates - April 28 at 7:47 PM logoGoldman Sachs Group Inc Lowers Nabors Industries Ltd. (NBR) to Buy - April 28 at 9:24 AM logoEdited Transcript of NBR earnings conference call or presentation 27-Apr-17 3:00pm GMT - April 28 at 9:00 AM logoNabors Industries (NBR) Q1 2017 Results - Earnings Call Transcript - April 27 at 7:17 PM logoTraders Purchase High Volume of Call Options on Nabors Industries (NBR) - April 27 at 6:00 PM logoNabors Industries Ltd. (NBR) Announces Earnings Results, Misses Expectations By $0.16 EPS - April 27 at 12:24 AM logoEARNINGS SUMMARY: Details of Nabors Industries Ltd. Q1 Earnings Report - April 26 at 11:30 PM logoNabors Announces First Quarter Results - April 26 at 11:30 PM logoNabors Industries (NBR) Given Daily Media Impact Score of 0.27 - April 26 at 11:00 PM logoNabors Industries Ltd. (NBR) Issues Quarterly Earnings Results - April 26 at 10:08 PM logoNabors reports 1Q loss - April 26 at 7:55 PM logoTraders Purchase High Volume of Nabors Industries Put Options (NBR) - April 26 at 9:15 AM logoWall Street’s Forecast for Nabors Industries before Its 1Q17 Earnings - April 25 at 8:02 AM logoNabors Industries’s 7-Day Stock Price Forecast on April 19 - April 24 at 7:22 PM logoShort Interest in Nabors Industries on April 19 - April 24 at 7:22 PM logoSeaport Global Securities Comments on Nabors Industries Ltd.'s Q1 2017 Earnings (NBR) - April 24 at 7:21 AM logoNabors Industries (NBR) Earns News Sentiment Rating of 0.04 - April 23 at 11:25 AM logoFactors That Affected Nabors Industries in 4Q16 - April 21 at 6:36 PM logoWhat Analysts Expect from Nabors Industries’s 1Q17 Earnings - April 21 at 9:39 AM logoNabors Industries (NBR) Receiving Somewhat Favorable Media Coverage, AlphaOne Reports - April 18 at 12:16 AM logoHow Much Weatherford Fell in the Year through April 13 - April 17 at 5:59 PM logoNabors Industries Ltd. (NBR) Sees Large Decline in Short Interest - April 17 at 7:12 AM logoNabors Industries (NBR) Receives News Impact Rating of 0.09 - April 14 at 9:09 PM logoNabors Industries Ltd. (NBR) Given a $15.00 Price Target by BMO Capital Markets Analysts - April 13 at 7:26 PM logoNabors Industries (NBR) Shares Cross Below 200 DMA - April 13 at 6:31 PM logoNabors Industries Ltd. (NBR) Expected to Post Quarterly Sales of $579.42 Million - April 13 at 1:22 PM


Nabors Industries (NBR) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by Staff