Nabors Industries Company Profile (NYSE:NBR)

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

Nabors Industries declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.06 per share on Tuesday, October 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, September 11th. View Nabors Industries' Dividend History.

Nabors Industries Ltd. (NYSE:NBR) released its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.35) by $0.03. The company had revenue of $630.50 million for the quarter, compared to analysts' expectations of $589.79 million. Nabors Industries had a negative return on equity of 13.31% and a negative net margin of 32.35%. The business's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.35) earnings per share. View Nabors Industries' Earnings History.

Nabors Industries is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Nabors Industries.

25 brokerages have issued twelve-month target prices for Nabors Industries' shares. Their forecasts range from $8.00 to $22.00. On average, they expect Nabors Industries' stock price to reach $13.95 in the next year. View Analyst Ratings for Nabors Industries.

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

• 1. According to Zacks Investment Research, "Nabors’s stock price has fallen around 55% since the start of this year, wider than the Zacks categorized 'Oil & Gas - Drilling industry’s decline of 40%. While a renewed slump in crude prices due to a persistent global supply glut sent a shockwave through the industry, Nabors’s rising labor and reactivation costs is also a matter for concern. This is adversely affecting the already weak financials of the company. Over the last few years, the company has kept adding debt to its balance sheet for a fleet recapitalization program. This has increased the leverage ratio of the company to around 54% which might affect the credit metrics of the company adversely. Further, we also need to factor the dismal earnings surprise history and unfavorable return on equity. Given these headwinds, we see Nabors as a risky bet that investors should sell." (7/11/2017)
• 2. 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)

Nabors Industries saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 20,879,631 shares, an increase of 44.4% from the July 14th total of 37,556,452 shares. Based on an average trading volume of 7,014,574 shares, the short-interest ratio is currently 3.0 days. Approximately 7.6% of the shares of the stock are sold short.

Some companies that are related to Nabors Industries include Patterson-UTI Energy (PTEN), Transocean (RIG), Diamond Offshore Drilling (DO), Ensco Plc (ESV), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), Mammooth Energy (TUSK), Atwood Oceanics (ATW), Parker Drilling Company (PKD), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

Nabors Industries' management team includes the folowing people:

• Anthony G. Petrello, Chairman of the Board, President, Chief Executive Officer
• William J. Restrepo, Chief Financial Officer
• Mark D. Andrews, Corporate Secretary
• John Yearwood, Lead Independent Director
• James Robert Crane, Independent Director
• John P. Kotts, Independent Director
• Michael C. Linn, Independent Director
• Dag J. Skattum, Independent Director

Nabors Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.69%), Vanguard Group Inc. (7.95%), Dimensional Fund Advisors LP (6.69%), Bank of New York Mellon Corp (5.75%), Van ECK Associates Corp (5.59%) and State Street Corp (2.98%). Company insiders that own Nabors Industries stock include Howard Wolf and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.

Nabors Industries' stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Federated Investors Inc. PA, JPMorgan Chase & Co., Renaissance Technologies LLC, Thrivent Financial For Lutherans, New York State Common Retirement Fund, Victory Capital Management Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Nabors Industries.

Nabors Industries' stock was acquired by a variety of institutional investors in the last quarter, including Sirios Capital Management L P, Bank of New York Mellon Corp, FMR LLC, Ardevora Asset Management LLP, Caxton Associates LP, Donald Smith & CO. Inc., GMT Capital Corp and Mitchell 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.

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.

One share of Nabors Industries stock can currently be purchased for approximately $6.65.