Nabors Industries Company Profile (NYSE:NBR)

About Nabors Industries

Nabors Industries logoNabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. Its fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land-based drilling operations in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling operations in the United States and multiple international markets. It provides drilling technology and equipment, and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. In addition, it manufactures and leases or sells top drives and other rig equipment.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Exchange: NYSE
  • Symbol: NBR
  • CUSIP: G6359F10
Key Metrics:
  • Previous Close: $14.62
  • 50 Day Moving Average: $16.42
  • 200 Day Moving Average: $13.64
  • 52-Week Range: $6.70 - $18.40
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 376.25
  • P/E Growth: -2.27
  • Market Cap: $4.05B
  • Outstanding Shares: 276,792,000
  • Beta: 1.72
  • 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%
Additional Links:
Companies Related to Nabors Industries:

Analyst Ratings

Consensus Ratings for Nabors Industries (NYSE:NBR) (?)
Ratings Breakdown: 6 Hold Ratings, 19 Buy Ratings, 2 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.85)
Consensus Price Target: $15.15 (0.66% upside)

Analysts' Ratings History for Nabors Industries (NYSE:NBR)
DateFirmActionRatingPrice TargetDetails
2/22/2017Evercore ISIInitiated CoverageBuy$20.00View Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$20.00View Rating Details
1/12/2017BMO Capital MarketsSet Price TargetHold$15.00View Rating Details
1/4/2017RBC Capital MarketsReiterated RatingBuy$20.00View Rating Details
1/4/2017Credit Suisse GroupUpgradeNeutral -> Outperform$12.00 -> $21.00View Rating Details
12/7/2016StephensDowngradeOverweight -> Hold$16.00View Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageOutperform$19.50View Rating Details
11/29/2016Tudor PickeringUpgradeHold -> BuyView Rating Details
11/21/2016Goldman Sachs Group, Inc. (The)UpgradeBuy -> Conviction-BuyView Rating Details
11/15/2016Howard WeilBoost Price TargetSector Outperform$15.00 -> $17.00View Rating Details
11/11/2016Jefferies Group LLCSet Price TargetHold$12.00View Rating Details
11/11/2016J P Morgan Chase & CoReiterated RatingBuyView Rating Details
10/5/2016Citigroup Inc.Reiterated RatingBuy$14.00View Rating Details
9/23/2016ArgusReiterated RatingHoldView Rating Details
9/19/2016Capital One Financial Corp.UpgradeEqual Weight -> Overweight$13.00View Rating Details
9/15/2016DA DavidsonInitiated CoverageBuy$16.00View Rating Details
8/16/2016NomuraSet Price TargetHold$8.00View Rating Details
8/8/2016SimmonsReiterated RatingNeutral$12.25 -> $12.50View Rating Details
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details
4/27/2016Wells Fargo & CoReiterated RatingBuyView Rating Details
4/27/2016Morgan StanleyReiterated RatingOverweight$16.50 -> $17.00View Rating Details
4/27/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$12.00View Rating Details
4/27/2016GMP SecuritiesUpgradeHold -> BuyView Rating Details
4/27/2016Cowen and CompanyReiterated RatingOutperform$8.75 -> $11.00View Rating Details
3/28/2016ScotiabankUpgradeSector Perform -> OutperformView Rating Details
3/13/2016Deutsche Bank AGReiterated RatingBuy$10.00View Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetPositive$11.00 -> $12.00View Rating Details
2/19/2016KLR GroupLower Price TargetBuy$13.00 -> $11.00View Rating Details
12/18/2015Royal Bank of CanadaLower Price TargetOutperform$12.00 -> $11.00View Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$14.00View Rating Details
(Data available from 2/27/2015 forward)


Earnings History for Nabors Industries (NYSE:NBR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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
11/12/2014$0.37$0.39ViewN/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$0.15$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)
Current Year EPS Consensus Estimate: $-0.92 EPS
Next Year EPS Consensus Estimate: $0.04 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169($0.45)($0.15)($0.32)
Q2 20165($0.52)($0.39)($0.48)
Q3 20167($0.54)($0.24)($0.36)
Q4 20167($0.38)($0.24)($0.33)
Q1 20175($0.33)($0.30)($0.31)
Q2 20175($0.32)($0.24)($0.27)
Q3 20175($0.29)($0.19)($0.22)
Q4 20175($0.25)($0.10)($0.17)
Q1 20182($0.17)($0.09)($0.13)
Q2 20182($0.14)($0.03)($0.09)
Q3 20182($0.12)$0.05($0.04)
Q4 20181($0.06)($0.06)($0.06)
(Data provided by Zacks Investment Research)


Current Dividend Information for Nabors Industries (NYSE:NBR)
Annual Dividend:$0.24
Dividend Yield:1.59%
Dividend Growth:4.00% (3 Year Average)
Payout Ratio:-7.92% (Based on Trailing 12 Months of Earnings)
-26.09% (Based on Current Year Consensus EPS Estimate)
600.00% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

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

Insider Trades

Insider Trading History for Nabors Industries (NYSE:NBR)
Insider Ownership Percentage: 3.53%
Institutional Ownership Percentage: 93.88%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Nabors Industries (NYSE:NBR)
DateHeadline logoThe CNBC index that finds hidden value in stocks (NYSE:NBR) - February 27 at 2:00 PM logoNabors Industries Ltd. :NBR-US: Earnings Analysis: Q4, 2016 By the Numbers : February 24, 2017 (NYSE:NBR) - February 25 at 2:17 AM
News IconInvestor Arena: Keeping an Eye on Nabors Industries Ltd (NBR) - Piedmont Register (NYSE:NBR) - February 24 at 9:16 PM
News IconMost Active mover Update on Nabors Industries Ltd. (NYSE:NBR) - Winfield Review (NYSE:NBR) - February 24 at 9:16 PM logoNBR Stock Crowded With Sellers - Nasdaq (NYSE:NBR) - February 24 at 4:09 PM logoNabors Industries Ended 2016 on a Tough Note, but Things Are Looking Up in 2017 (NYSE:NBR) - February 24 at 12:18 PM logoNABORS INDUSTRIES LTD. (NYSE:NBR) Files An 8-K Results of Operations and Financial Condition (NYSE:NBR) - February 23 at 11:50 PM
News IconNabors Industries Ltd. (NYSE:NBR) Stock current Trends Analysis (NYSE:NBR) - February 23 at 11:50 PM
News IconNabors Industries Ltd. (NYSE:NBR) earnings reaction history (NYSE:NBR) - February 23 at 11:50 PM logoEdited Transcript of NBR earnings conference call or presentation 23-Feb-17 4:00pm GMT (NYSE:NBR) - February 23 at 11:50 PM logoNabors (NBR) Q4 Loss Narrower Than Expected, Revenues Meet - Yahoo Finance (NYSE:NBR) - February 23 at 6:49 PM logoThese Factors Could Drive Nabors Industries in 2017 (NYSE:NBR) - February 23 at 6:49 PM
News IconStock Buzz on Nabors Industries Ltd. (NYSE:NBR): Can They Meet the Earnings Target of $-0.32 - Winfield Review (NYSE:NBR) - February 23 at 8:48 AM
News IconAnalysts Peer Into Their Crystal Balls For Nabors Industries Ltd. (NYSE:NBR): Where Is It headed? - Winfield Review (NYSE:NBR) - February 23 at 8:48 AM
News IconNabors Industries Ltd. (NBR) Releases Earnings Results, Beats Expectations By $0.04 EPS - Highland Mirror (NYSE:NBR) - February 23 at 8:48 AM logoNABORS INDUSTRIES LTD Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Stat (NYSE:NBR) - February 23 at 8:48 AM logo6:37 pm Nabors Industries beats by $0.04, reports revs in-line (NYSE:NBR) - February 22 at 11:55 PM logoNabors Industries (NBR) Down Ahead of Expected Loss (NYSE:NBR) - February 22 at 6:53 PM logoEARNINGS SUMMARY: Details of Nabors Industries Ltd. Q4 Earnings Report (NYSE:NBR) - February 22 at 6:53 PM logoNabors Industries : reports 4Q loss (NYSE:NBR) - February 22 at 6:53 PM
News IconHow Is Nabors Industries Ltd’s (NBR) Financial Condition? (NYSE:NBR) - February 22 at 6:53 PM logoNabors Announces FY 2016 and Fourth Quarter Results (NYSE:NBR) - February 22 at 6:53 PM logoNabors reports 4Q loss (NYSE:NBR) - February 22 at 6:53 PM
News IconNarrowing in on Trading Indicators for Nabors Industries Ltd (NBR) - Piedmont Register (NYSE:NBR) - February 22 at 8:44 AM logoWall Street Analysts’ Forecasts for Weatherford International (NYSE:NBR) - February 22 at 8:44 AM logoWeatherford International’s Stock Price Fell in the Past Year (NYSE:NBR) - February 21 at 6:08 PM logoNABORS INDUSTRIES LTD. (NYSE:NBR) Files An 8-K Other Events (NYSE:NBR) - February 20 at 9:54 AM
News IconThe Statistics Don't Lie: Nabors Industries Ltd. (NYSE:NBR) Earnings Screen (NYSE:NBR) - February 19 at 5:49 PM
News IconPast 3 Quarter Analysis for Nabors Industries Ltd. (NYSE:NBR) (NYSE:NBR) - February 18 at 5:57 PM
News IconAnalyst Hints Surrounding Nabors Industries Ltd. (NBR) (NYSE:NBR) - February 18 at 5:57 PM logoWill Upstream Operators’ Capex Affect Nabors’ 4Q16 Margin? (NYSE:NBR) - February 18 at 11:21 AM logoWhat Nabors Industries’ Implied Volatility Suggests (NYSE:NBR) - February 18 at 11:21 AM logoNABORS INDUSTRIES LTD Files SEC form 8-K, Other Events (NYSE:NBR) - February 18 at 11:21 AM
News IconInvestor Guide: Check on Technical Levels for Nabors Industries Ltd. (NBR) - Baldwin Journal (NYSE:NBR) - February 17 at 5:09 PM
News IconFuel pushes wholesale inflation to 2.5-year high (NYSE:NBR) - February 16 at 6:20 PM
News IconImpact of Brokerage Rating on Nabors Industries Ltd.(NBR) (NYSE:NBR) - February 16 at 6:20 PM logoWhat Analysts Expect from Nabors’ 4Q16 Earnings (NYSE:NBR) - February 16 at 6:20 PM logoThese Key Factors Affected Nabors Industries in 3Q16 (NYSE:NBR) - February 16 at 6:20 PM logoWhat Are Nabors Industries’ Long-Term Strategies? (NYSE:NBR) - February 16 at 6:20 PM logoWill Rig Count Affect Nabors Industries in 4Q16? (NYSE:NBR) - February 16 at 6:20 PM
News IconYesterday Share's Trend Overview: HP Inc., Nabors Industries Ltd. (NYSE:NBR) - February 14 at 9:20 PM
News IconNabors Industries Ltd. (NBR) likely to see 4% move on its earnings reaction day - Post Analyst (NYSE:NBR) - February 10 at 5:51 AM logoInside Tidewater’s Fiscal 3Q17 Performance by Segment (NYSE:NBR) - February 9 at 7:48 PM logoNabors’ Alliance with Weatherford: How Did the Market Respond? (NYSE:NBR) - February 6 at 6:50 PM logoAnalyzing Nabors Industries’ Implied Volatility (NYSE:NBR) - February 6 at 6:50 PM logoHas Short Interest in Nabors Increased since 3Q16? (NYSE:NBR) - February 6 at 6:50 PM
News IconStock to Watch: Steel Dynamics, Inc. (NASDAQ:STLD), Nabors ... - The Newburgh Press (NYSE:NBR) - February 2 at 7:39 PM logoNabors Industries (NBR), Weatherford (WFT) Enter Alliance for Integrated Drilling Solutions - (NYSE:NBR) - February 2 at 7:39 PM logoHere's Why Weatherford International Plc's Stock is Jumping Today (NYSE:NBR) - February 2 at 7:39 PM logoWeatherford International: Underweight Thesis Intact?!?! (NYSE:NBR) - February 2 at 7:39 PM


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 paid a dividend of $0.06 per share on Tuesday, April 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, March 10th.

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

27 equities research analysts have issued 12 month price targets for Nabors Industries' shares. Their predictions range from $8.00 to $21.00. On average, they expect Nabors Industries' share price to reach $15.15 in the next year.

When will Nabors Industries announce their earnings?

Nabors Industries is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

What are analysts saying about Nabors Industries stock?

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

  • 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)
  • 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 owns Nabors Industries stock?

Nabors Industries' stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.59%), Van ECK Associates Corp (5.76%), State Street Corp (2.86%), Discovery Capital Management LLC CT (2.67%), FMR LLC (2.57%) and TCW Group Inc. (1.87%).

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 Renaissance Technologies LLC, GLG Partners LP, Ardevora Asset Management LLP, Oceanic Investment Management LTD, FMR LLC, Systematic Financial Management LP, State Street Corp and Comerica Bank.

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

Nabors Industries' stock was acquired by a variety of institutional investors in the last quarter, including Discovery Capital Management LLC CT, Allianz Asset Management AG, AQR Capital Management LLC, Federated Investors Inc. PA, Alyeska Investment Group L.P., Friess Associates LLC, Van ECK Associates Corp and Russell Investments Group Ltd..

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 $15.05.

Nabors Industries (NYSE:NBR) Chart for Monday, February, 27, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

Earnings History Chart

Earnings by Quarter for Nabors Industries (NYSE:NBR)

Dividend History Chart

Dividend Payments by Quarter for Nabors Industries (NYSE:NBR)

Last Updated on 2/27/2017 by Staff