About Nabors Industries (NYSE:NBR)
Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. It operates through five segments: U.S., Canada, International, Drilling Solutions, and Rig Technologies. The company offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services. It also provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that offers data collection services to oil and gas exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rig's real-time performance and provides daily reporting for drilling operations; and DrillSmart software that allows the drilling system to adapt operating parameters and drilling conditions. In addition, the company offers measurement while drilling (MWD) systems and services, such as AccuMP mud pulse MWD system, which is designed to address the various MWD reliability issues; AccuWave collar mounted Electromagnetic MWD system that addresses the needs of the land market through the technology and design techniques; and Nabors' AccuSteer Measurement While Drilling (M/LWD) Suite, which is a premier dynamics evaluation MWD system for performance drilling with integrated advanced geosteering measurements. Further, it manufactures and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment, such as robotic systems and downhole tools; and provides automated tubular and tool handling equipment. As of December 31, 2017, the company marketed approximately 407 rigs for land-based drilling operations in the United States and Canada, as well as in 20 other countries worldwide; and 38 rigs for offshore drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:NBR
CUSIPG6359F10
Phone441-292-1510
Debt
Debt-to-Equity Ratio1.37%
Current Ratio1.57%
Quick Ratio1.39%
Price-To-Earnings
Trailing P/E Ratio-4.74
Forward P/E Ratio-9.90
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.57 billion
Price / Sales0.95
Cash Flow$1.2677 per share
Price / Cash6.09
Book Value$9.25 per share
Price / Book0.83
Profitability
EPS (Most Recent Fiscal Year)($1.63)
Net Income$-546,810,000.00
Net Margins-21.32%
Return on Equity-15.56%
Return on Assets-5.77%
Miscellaneous
Employees15,000
Outstanding Shares315,540,000
Nabors Industries (NYSE:NBR) Frequently Asked Questions
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 declared a quarterly dividend on Wednesday, February 28th. Stockholders of record on Tuesday, March 13th will be paid a dividend of $0.06 per share on Tuesday, April 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, March 12th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries (NYSE:NBR) posted its quarterly earnings data on Tuesday, February, 27th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.33) by $0.01. The oil and gas company had revenue of $708.28 million for the quarter, compared to the consensus estimate of $706.35 million. Nabors Industries had a negative net margin of 21.32% and a negative return on equity of 15.56%. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company earned ($0.30) EPS. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
What price target have analysts set for NBR?
22 equities research analysts have issued 1 year target prices for Nabors Industries' shares. Their forecasts range from $6.00 to $18.00. On average, they anticipate Nabors Industries' stock price to reach $10.1429 in the next twelve months. View Analyst Ratings for Nabors Industries.
Are investors shorting Nabors Industries?
Nabors Industries saw a decline in short interest in March. As of March 29th, there was short interest totalling 39,716,746 shares, a decline of 11.3% from the March 15th total of 44,752,414 shares. Based on an average trading volume of 8,024,092 shares, the short-interest ratio is presently 4.9 days. Currently, 14.0% of the shares of the company are sold short.
Who are some of Nabors Industries' key competitors?
Some companies that are related to Nabors Industries include Patterson-UTI (PTEN), Ensco (ESV), Diamond Offshore Drilling (DO), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Seadrill Partners (SDLP), Pioneer Energy Services (PES), Independence Contract (ICD), Seadrill (SDRL) and Western Energy Services (WEEEF).
Who are Nabors Industries' key executives?
Nabors Industries' management team includes the folowing people:
- Mr. Anthony G. Petrello, Chairman, Pres & CEO (Age 63)
- Mr. William J. Restrepo, Chief Financial Officer (Age 59)
- Mr. Mark D. Andrews CA, CFA, Corp. Sec. (Age 45)
- Mr. Sri Valleru, Chief Information Officer and VP
- Mr. Dennis A. Smith, VP of Corp. Devel. & Investor Relations
Has Nabors Industries been receiving favorable news coverage?
News headlines about NBR stock have trended somewhat negative on Monday, Accern Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nabors Industries earned a daily sentiment score of -0.06 on Accern's scale. They also gave press coverage about the oil and gas company an impact score of 44.77 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
How do I buy shares of Nabors Industries?
Shares of NBR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Nabors Industries' stock price today?
One share of NBR stock can currently be purchased for approximately $7.72.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $2.44 billion and generates $2.57 billion in revenue each year. The oil and gas company earns $-546,810,000.00 in net income (profit) each year or ($1.63) on an earnings per share basis. Nabors Industries employs 15,000 workers across the globe.
How can I contact Nabors Industries?
Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08. The oil and gas company can be reached via phone at 441-292-1510 or via email at [email protected]
MarketBeat Community Rating for Nabors Industries (NBR)
MarketBeat's community ratings are surveys of what our community members think about Nabors Industries and other stocks. Vote "Outperform" if you believe NBR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NBR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Nabors Industries (NYSE:NBR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for Nabors Industries in the last 12 months. Their average twelve-month price target is $10.1429, suggesting that the stock has a possible upside of 31.38%. The high price target for NBR is $18.00 and the low price target for NBR is $6.00. There are currently 8 hold ratings and 14 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.64 | 2.65 | 2.67 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
8 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.1429 | $10.3864 | $10.8913 | $12.0714 |
| Price Target Upside: | 31.38% upside | 25.90% upside | 32.02% upside | 70.74% upside |
Nabors Industries (NYSE:NBR) Consensus Price Target History
Nabors Industries (NYSE:NBR) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Nabors Industries (NYSE:NBR) Dividend Information
Nabors Industries pays an annual dividend of $0.24 per share, with a dividend yield of 3.11%. NBR's most recent quarterly dividend payment was Tuesday, April 3. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 6.30% each year. Nabors Industries pays out -14.72% of its earnings out as a dividend.
| Most Recent Dividend: | 4/3/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 3.11% |
| Dividend Growth: | 6.30% (3 Year Average) |
| Payout Ratio: | -14.72% (Trailing 12 Months of Earnings)
-30.77% (Based on This Year's Estimates)
-150.00% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Nabors Industries (NYSE:NBR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/28/2018 | quarterly | $0.06 | 3.71% | 3/12/2018 | 3/13/2018 | 4/3/2018 |
| 10/28/2017 | Quarterly | $0.06 | 4.07% | 12/12/2017 | 12/13/2017 | 1/3/2018 |
| 8/2/2017 | Quarterly | $0.06 | 3.68% | 9/11/2017 | 9/12/2017 | 10/3/2017 |
| 4/26/2017 | Quarterly | $0.06 | 2.82% | 6/12/2017 | 6/14/2017 | 7/5/2017 |
| 2/23/2017 | Quarterly | $0.06 | 1.64% | 3/10/2017 | 3/14/2017 | 4/4/2017 |
| 10/28/2016 | | $0.06 | | 12/12/2016 | 12/14/2016 | 1/17/2017 |
| 11/1/2016 | quarterly | $0.06 | 2.03% | 12/12/2016 | 12/14/2016 | 1/4/2017 |
| 8/2/2016 | quarterly | $0.06 | 2.76% | 9/9/2016 | 9/13/2016 | 10/4/2016 |
| 5/3/2016 | quarterly | $0.06 | 2.67% | 6/8/2016 | 6/10/2016 | 7/1/2016 |
| 2/23/2016 | Quarterly | $0.06 | | 3/8/2016 | 3/10/2016 | 3/31/2016 |
| 11/6/2015 | quarterly | $0.06 | 2.32% | 12/8/2015 | 12/10/2015 | 12/31/2015 |
| 7/28/2015 | quarterly | $0.06 | 2.06% | 9/4/2015 | 9/9/2015 | 9/30/2015 |
| 4/30/2015 | quarterly | $0.06 | 1.44% | 6/5/2015 | 6/9/2015 | 6/30/2015 |
| 2/24/2015 | quarterly | $0.06 | 1.86% | 3/6/2015 | 3/10/2015 | 3/31/2015 |
| 10/28/2014 | quarterly | $0.06 | 1.36% | 12/8/2014 | 12/10/2014 | 12/31/2014 |
| 7/24/2014 | quarterly | $0.06 | 0.81% | 9/5/2014 | 9/9/2014 | 9/30/2014 |
| 4/29/2014 | quarterly | $0.04 | 0.64% | 6/5/2014 | 6/9/2014 | 6/30/2014 |
| 2/24/2014 | quarterly | $0.04 | 0.72% | 3/6/2014 | 3/10/2014 | 3/31/2014 |
| 11/8/2013 | quarterly | $0.04 | 0.89% | 12/6/2013 | 12/10/2013 | 12/31/2013 |
| 8/2/2013 | quarterly | $0.04 | 1.02% | 9/4/2013 | 9/6/2013 | 9/27/2013 |
| 5/3/2013 | quarterly | $0.04 | 1.04% | 6/5/2013 | 6/7/2013 | 6/28/2013 |
| 2/28/2013 | special | $0.04 | | 3/7/2013 | 3/11/2013 | 3/28/2013 |
| 2/27/2013 | quarterly | $0.04 | | | 3/11/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Nabors Industries (NYSE NBR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 87.21%
Nabors Industries (NYSE NBR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/27/2017 | Martin Walter | Insider | Buy | 7,000 | $0.28 | $1,960.00 | | |
| 9/26/2017 | Martin Walter | Insider | Buy | 10,500 | $0.24 | $2,520.00 | | |
| 5/30/2017 | William J Restrepo | CFO | Buy | 22,000 | $8.25 | $181,500.00 | 959,694 |  |
| 5/4/2017 | William J Restrepo | CFO | Buy | 22,000 | $9.43 | $207,460.00 | 939,694 | |
| 4/28/2016 | Howard Wolf | Director | Buy | 15,000 | $9.78 | $146,700.00 | 79,000 | |
| 7/26/2013 | John P Kotts | Director | Buy | 120,000 | $14.95 | $1,794,000.00 | | |
| 7/25/2013 | Howard Wolf | Director | Buy | 11,000 | $14.90 | $163,900.00 | | |
(Data available from 1/1/2013 forward)
Nabors Industries (NYSE NBR) News Headlines
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Nabors Industries (NYSE:NBR) SEC Filings
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Nabors Industries (NYSE:NBR) Income Statement, Balance Sheet and Cash Flow Statement
Nabors Industries (NYSE NBR) Stock Chart for Monday, April, 23, 2018
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