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NYSE:NBRNabors Industries Stock Price, Forecast & News

$37.06
-7.89 (-17.55 %)
(As of 05/29/2020 04:00 PM ET)
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Compare
Today's Range
$34.23
Now: $37.06
$45.98
50-Day Range
$0.21
MA: $13.25
$44.95
52-Week Range
$9.79
Now: $37.06
$167.50
Volume2.26 million shs
Average Volume494,713 shs
Market Capitalization$310.93 million
P/E RatioN/A
Dividend YieldN/A
Beta2.67
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. Drilling, Canada Drilling, International Drilling, 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 RigWatch Suite, a software, which turns rig site data into wellsite knowledge that help customers to track and trend drilling practices; REVit Software that eliminates stick slip; DrillSmart software that allows the drilling system to adapt operating parameters and drilling conditions; and ROCKit Software, a directional steering control system. 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, and downhole LWD tools. As of December 31, 2018, the company marketed approximately 384 rigs for land-based drilling operations in the United States and Canada, as well as in 18 other countries worldwide; and 33 rigs for offshore drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is headquartered in Hamilton, Bermuda.
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Nabors Industries logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.8Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
CUSIPG6359F10
Phone441-292-1510

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.05 billion
Cash Flow$63.90 per share
Book Value$195.61 per share

Profitability

Net Income$-702,890,000.00

Miscellaneous

Employees14,000
Market Cap$310.93 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Nabors Industries (NYSE:NBR) Frequently Asked Questions

How has Nabors Industries' stock been impacted by COVID-19 (Coronavirus)?

Nabors Industries' stock was trading at $0.3966 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NBR stock has increased by 9,244.4% and is now trading at $37.06. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nabors Industries?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 8 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nabors Industries.

When is Nabors Industries' next earnings date?

Nabors Industries is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Nabors Industries.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) posted its earnings results on Thursday, February, 20th. The oil and gas company reported ($38.50) earnings per share for the quarter, missing the Zacks' consensus estimate of ($13.50) by $25.00. The oil and gas company earned $715.80 million during the quarter, compared to analysts' expectations of $746.32 million. Nabors Industries had a negative net margin of 33.01% and a negative return on equity of 20.73%. The company's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($27.50) earnings per share. View Nabors Industries' earnings history.

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

Nabors Industries declared a quarterly dividend on Thursday, February 20th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.50 per share on Thursday, April 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a boost from Nabors Industries's previous quarterly dividend of $0.01. View Nabors Industries' dividend history.

When did Nabors Industries' stock split? How did Nabors Industries' stock split work?

Shares of Nabors Industries reverse split before market open on Thursday, April 23rd 2020. The 1-50 reverse split was announced on Monday, April 20th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 22nd 2020. An investor that had 100 shares of Nabors Industries stock prior to the reverse split would have 2 shares after the split.

What price target have analysts set for NBR?

17 analysts have issued 12 month target prices for Nabors Industries' stock. Their forecasts range from $15.00 to $150.00. On average, they expect Nabors Industries' stock price to reach $76.50 in the next year. This suggests a possible upside of 106.4% from the stock's current price. View analysts' price targets for Nabors Industries.

Has Nabors Industries been receiving favorable news coverage?

News articles about NBR stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nabors Industries earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave press coverage about the oil and gas company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news aboutNabors Industries.

Are investors shorting Nabors Industries?

Nabors Industries saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, a decrease of 96.8% from the April 30th total of 46,220,000 shares. Based on an average trading volume of 400,400 shares, the short-interest ratio is presently 3.7 days. Approximately 19.4% of the company's stock are sold short. View Nabors Industries' Current Options Chain.

Who are some of Nabors Industries' key competitors?

What other stocks do shareholders of Nabors Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nabors Industries investors own include Bank of America (BAC), Enterprise Products Partners (EPD), General Electric (GE), Intelsat (I), Transocean (RIG), AT&T (T), Encana (ECA), Marathon Oil (MRO), Micron Technology (MU) and Fossil Group (FOSL).

Who are Nabors Industries' key executives?

Nabors Industries' management team includes the following people:
  • Mr. Anthony G. Petrello, Chairman, Pres & CEO (Age 64)
  • Mr. William J. Restrepo, Chief Financial Officer (Age 60)
  • Mr. Mark D. Andrews, Corp. Sec. (Age 46)
  • Mr. R. Clark Wood, VP & Chief Accounting Officer (Age 47)
  • Mr. Sri Valleru, Chief Information & Procurement Officer and VP

What is Nabors Industries' stock symbol?

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

Who are Nabors Industries' major shareholders?

Nabors Industries' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (631.68%), State Street Corp (178.60%), Van ECK Associates Corp (122.04%), Geode Capital Management LLC (56.84%), Bank of New York Mellon Corp (54.15%) and Two Sigma Investments LP (42.47%). Company insiders that own Nabors Industries stock include John P Kotts, John Yearwood, Tanya S Beder and William J Restrepo. View institutional ownership trends for Nabors Industries.

Which major investors are selling Nabors Industries stock?

NBR stock was sold by a variety of institutional investors in the last quarter, including Public Sector Pension Investment Board, KBC Group NV, Parametric Portfolio Associates LLC, BlackRock Inc., State Street Corp, Nuveen Asset Management LLC, First Trust Advisors LP, and Raymond James Financial Services Advisors Inc.. View insider buying and selling activity for Nabors Industries.

Which major investors are buying Nabors Industries stock?

NBR stock was bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, JPMorgan Chase & Co., Two Sigma Investments LP, Two Sigma Advisers LP, Quantitative Investment Management LLC, AQR Capital Management LLC, RBF Capital LLC, and GSA Capital Partners LLP. Company insiders that have bought Nabors Industries stock in the last two years include John P Kotts, John Yearwood, Tanya S Beder, and William J Restrepo. View insider buying and selling activity for Nabors Industries.

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, Robinhood, Fidelity, and Charles Schwab.

What is Nabors Industries' stock price today?

One share of NBR stock can currently be purchased for approximately $37.06.

How big of a company is Nabors Industries?

Nabors Industries has a market capitalization of $310.93 million and generates $3.05 billion in revenue each year. The oil and gas company earns $-702,890,000.00 in net income (profit) each year or ($66.00) on an earnings per share basis. Nabors Industries employs 14,000 workers across the globe.

What is Nabors Industries' official website?

The official website for Nabors Industries is www.nabors.com.

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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