Nabors 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 - NEC
- Sub-Industry: Oil & Gas Drilling
- Symbol: NYSE:NBR
- CUSIP: G6359F10
- Web: www.nabors.com
- Market Cap: $2.29 billion
- Outstanding Shares: 285,801,000
- 50 Day Moving Avg: $7.98
- 200 Day Moving Avg: $12.02
- 52 Week Range: $6.93 - $18.40
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -19.05
- P/E Growth: -0.81
- Annual Revenue: $2.19 billion
- Price / Sales: 1.04
- Book Value: $11.12 per share
- Price / Book: 0.72
- Annual Dividend: $0.24
- Dividend Yield: 3.1%
- EBIDTA: $562.51 million
- Net Margins: -36.49%
- Return on Equity: -11.57%
- Return on Assets: -4.77%
- Debt-to-Equity Ratio: 1.15%
- Current Ratio: 1.45%
- Quick Ratio: 1.31%
- Average Volume: 9.64 million shs.
- Beta: 1.57
- Short Ratio: 3.4
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 Wednesday, April 26th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.06 per share on Wednesday, July 5th. This represents a $0.24 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, June 12th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) announced its earnings results on Wednesday, April, 26th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $0.16. The company had revenue of $563 million for the quarter, compared to analysts' expectations of $569.96 million. Nabors Industries had a negative return on equity of 11.57% and a negative net margin of 36.49%. The company's revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) EPS. View Nabors Industries' Earnings History.
When will Nabors Industries make its next earnings announcement?
Where is Nabors Industries' stock going? Where will Nabors Industries' stock price be in 2017?
25 brokers have issued 12 month price objectives for Nabors Industries' stock. Their predictions range from $8.00 to $22.00. On average, they expect Nabors Industries' share price to reach $14.98 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. 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)
Are investors shorting Nabors Industries?
Nabors Industries saw a increase in short interest during the month of July. As of July 14th, there was short interest totalling 37,556,452 shares, an increase of 12.6% from the June 30th total of 33,364,164 shares. Based on an average daily trading volume, of 7,756,606 shares, the days-to-cover ratio is presently 4.8 days. Currently, 13.7% of the company's stock are sold short.
Who are some of Nabors Industries' key competitors?
Some companies that are related to Nabors Industries include Transocean (RIG), Patterson-UTI Energy (PTEN), Ensco Plc (ESV), Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Mammooth Energy (TUSK), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), Parker Drilling Company (PKD), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).
Who are Nabors Industries' key executives?
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
Who owns Nabors Industries stock?
Nabors Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Ardevora Asset Management LLP (1.15%), Russell Investments Group Ltd. (0.48%), Manning & Napier Advisors LLC (0.22%), Bollard Group LLC (0.11%), Nisa Investment Advisors LLC (0.09%) and Bank of Montreal Can (0.09%). 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 Bank of Montreal Can, Creative Planning, Russell Investments Group Ltd., US Bancorp DE, Park National Corp OH and Malaga Cove Capital LLC. 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 Ardevora Asset Management LLP, Manning & Napier Advisors LLC, Nisa Investment Advisors LLC, Trellus Management Company LLC, DnB Asset Management AS, Parkwood LLC, ING Groep NV and Aperio Group LLC. 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.
What is Nabors Industries' stock price today?
MarketBeat Community Rating for Nabors Industries (NYSE NBR)MarketBeat's community ratings are surveys of what our community members think about Nabors Industries and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Nabors Industries stock can currently be purchased for approximately $8.00.
Consensus Ratings for Nabors Industries (NYSE:NBR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||9 Hold Ratings, 16 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.64)|
|Consensus Price Target: ||$14.98 (87.19% upside)|
Analysts' Ratings History for Nabors Industries (NYSE:NBR)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$11.50||Low|
|7/13/2017||BMO Capital Markets||Reiterated Rating||Hold||$13.00 -> $8.00||Low|
|7/7/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||High|
|6/27/2017||Guggenheim||Downgrade||Buy -> Neutral||Medium|
|6/20/2017||Royal Bank Of Canada||Reiterated Rating||Buy||Medium|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$13.00 -> $8.00||High|
|6/21/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$19.00 -> $10.00||High|
|6/20/2017||Evercore ISI||Reiterated Rating||Outperform||$18.00||Low|
|5/30/2017||Deutsche Bank AG||Reiterated Rating||Buy||$20.00 -> $13.00||Low|
|5/10/2017||Citigroup Inc.||Reiterated Rating||Buy -> Buy||Low|
|4/30/2017||Credit Suisse Group||Set Price Target||Buy||$18.00||Medium|
|4/28/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Conviction-Buy -> Buy||$17.50 -> $18.00||Medium|
|4/5/2017||Nomura||Upgrade||Neutral -> Buy||Medium|
|4/5/2017||Instinet||Upgrade||Neutral -> Buy||$15.00 -> $17.00||Medium|
|1/18/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy||$20.00||N/A|
|12/7/2016||Stephens||Downgrade||Overweight -> Hold||$16.00||N/A|
|12/1/2016||Sanford C. Bernstein||Initiated Coverage||Outperform||$19.50||N/A|
|11/29/2016||Tudor Pickering||Upgrade||Hold -> Buy||N/A|
|11/15/2016||Howard Weil||Boost Price Target||Sector Outperform||$15.00 -> $17.00||N/A|
|11/11/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|9/19/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||$13.00||N/A|
|9/15/2016||DA Davidson||Initiated Coverage||Buy||$16.00||N/A|
|8/8/2016||Simmons||Reiterated Rating||Neutral||$12.25 -> $12.50||N/A|
|4/27/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$12.00||N/A|
|4/27/2016||GMP Securities||Upgrade||Hold -> Buy||N/A|
|4/27/2016||Cowen and Company||Reiterated Rating||Outperform||$8.75 -> $11.00||N/A|
|3/9/2016||Susquehanna Bancshares Inc||Boost Price Target||Positive||$11.00 -> $12.00||N/A|
|2/19/2016||KLR Group||Lower Price Target||Buy||$13.00 -> $11.00||N/A|
Earnings History for Nabors Industries (NYSE:NBR)Earnings History by Quarter for Nabors Industries (NYSE NBR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|4/26/2017||Q1 2017||($0.36)||($0.52)||$569.96 million||$563.00 million||View||N/A|
|2/22/2017||Q416||($0.34)||($0.30)||$543.04 million||$539.20 million||View||N/A|
|10/25/2016||Q316||($0.34)||($0.35)||$543.48 million||$519.70 million||View||N/A|
|8/2/2016||Q216||($0.45)||($0.26)||$497.83 million||$571.60 million||View||N/A|
|4/25/2016||Q116||($0.33)||($0.29)||$630.81 million||$597.60 million||View||N/A|
|2/16/2016||Q415||($0.38)||($0.22)||$732.89 million||$693.70 million||View||Listen|
|10/27/2015||Q315||($0.14)||($0.14)||$771.72 million||$812.40 million||View||Listen|
|8/4/2015||Q215||($0.09)||($0.14)||$800.69 million||$862.00 million||View||N/A|
|4/21/2015||Q115||$0.05||$0.20||$1.36 billion||$1.42 billion||View||N/A|
|3/2/2015||Q414||$0.39||$0.33||$1.84 billion||$1.78 million||View||N/A|
|11/10/2014||Q3 2014||$0.37||$0.39||$1.81 billion||View||N/A|
|10/21/2014||Q314||$0.36||$0.39||$1.72 billion||$1.81 billion||View||Listen|
|7/22/2014||Q214||$0.23||$0.24||$1.59 billion||$1.62 billion||View||Listen|
|4/22/2014||Q114||$0.16||$0.16||$1.56 billion||$1.59 billion||View||N/A|
|2/18/2014||Q413||$0.20||$0.42||$1.55 billion||$1.61 billion||View||Listen|
|10/23/2013||Q313||$0.19||$0.20||$1.59 billion||$1.55 billion||View||Listen|
|7/23/2013||Q2 2013||$0.09||$0.08||$1.58 billion||$1.51 billion||View||Listen|
|4/23/2013||Q1 2013||$0.28||$0.33||$1.64 billion||$1.58 billion||View||Listen|
|2/19/2013||Q4 2012||$0.29||$0.44||$1.66 billion||$1.63 billion||View||Listen|
Earnings Estimates for Nabors Industries (NYSE:NBR)
2017 EPS Consensus Estimate: ($1.14)
2018 EPS Consensus Estimate: ($0.49)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Nabors Industries (NYSE:NBR)
|Most Recent Dividend:||7/5/2017|
|Dividend Growth:||4.00% (3 Year Average)|
|Payout Ratio:||-8.76% (Trailing 12 Months of Earnings) |
-17.78% (Based on This Year's Estimates)
-57.14% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Nabors Industries (NYSE NBR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Nabors Industries (NYSE:NBR)
Insider Ownership Percentage: 4.10%Insider Trades by Quarter for Nabors Industries (NYSE:NBR)
Institutional Ownership Percentage: 98.65%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/30/2017||William J Restrepo||CFO||Buy||22,000||$8.25||$181,500.00|| |
|5/4/2017||William J Restrepo||CFO||Buy||22,000||$9.43||$207,460.00|| |
|4/28/2016||Howard Wolf||Director||Buy||15,000||$9.78||$146,700.00|| |
|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|| |
Headline Trends for Nabors Industries (NYSE:NBR)
Latest Headlines for Nabors Industries (NYSE:NBR)
Nabors Industries (NBR) Chart for Tuesday, July, 25, 2017