NYSE:NBR - Nabors Industries Stock Price, Forecast & News

Nabors Industries' stock was trading at $0.3966 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NBR stock has increased by 0.2% and is now trading at $0.3975. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 7 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nabors Industries.

Nabors Industries is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Nabors Industries.

Nabors Industries Ltd. (NYSE:NBR) posted its earnings results on Thursday, February, 20th. The oil and gas company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.50. The oil and gas company earned $715.80 million during the quarter, compared to the consensus estimate of $746.32 million. Nabors Industries had a negative net margin of 23.02% and a negative return on equity of 17.93%. The business's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the business earned ($0.55) EPS. View Nabors Industries' earnings history.

Nabors Industries announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.01 per share on Thursday, April 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date is Wednesday, March 11th. View Nabors Industries' dividend history.

16 brokerages have issued twelve-month price targets for Nabors Industries' shares. Their forecasts range from $0.50 to $3.50. On average, they expect Nabors Industries' share price to reach $2.18 in the next twelve months. This suggests a possible upside of 447.2% from the stock's current price. View analysts' price targets for Nabors Industries.

Media headlines about NBR stock have been trending very negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nabors Industries earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutNabors Industries.

Nabors Industries saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 35,240,000 shares, an increase of 7.5% from the February 13th total of 32,790,000 shares. Based on an average trading volume of 8,920,000 shares, the short-interest ratio is currently 4.0 days. Currently, 10.5% of the company's shares are sold short. View Nabors Industries' Current Options Chain.

Some companies that are related to Nabors Industries include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Diamond Offshore Drilling (DO), PARKER DRILLING/SH PAR $ (PKD), Unit (UNT), Pioneer Energy Services (PESXQ) and Vantage Drilling (VTGDF).

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), Encana (ECA), Micron Technology (MU), AT&T (T), Fossil Group (FOSL) and Alibaba Group (BABA).

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

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.

One share of NBR stock can currently be purchased for approximately $0.40.

Nabors Industries has a market capitalization of $145.93 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 ($1.32) on an earnings per share basis. Nabors Industries employs 14,000 workers across the globe. View additional information about Nabors Industries.

The official website for Nabors Industries is http://www.nabors.com/.

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]