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.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Phone441-292-1510
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.05 billion
Profitability
Miscellaneous
Employees15,000
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable
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 Friday, February 22nd. Stockholders of record on Tuesday, March 12th will be paid a dividend of $0.01 per share on Tuesday, April 2nd. This represents a $0.04 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 11th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) released its earnings results on Tuesday, April, 30th. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.11. The oil and gas company earned $809.31 million during the quarter, compared to the consensus estimate of $774.35 million. Nabors Industries had a negative net margin of 19.68% and a negative return on equity of 14.79%. Nabors Industries's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.46) earnings per share. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
What price target have analysts set for NBR?
18 equities research analysts have issued 12-month target prices for Nabors Industries' stock. Their forecasts range from $2.75 to $12.00. On average, they expect Nabors Industries' stock price to reach $7.1308 in the next year. This suggests a possible upside of 117.4% from the stock's current price. View Analyst Price Targets for Nabors Industries.
What is the consensus analysts' recommendation for Nabors Industries?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 2 sell ratings, 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Nabors Industries.
Has Nabors Industries been receiving favorable news coverage?
Press coverage about NBR stock has been trending somewhat negative on Tuesday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nabors Industries earned a coverage optimism score of -1.2 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 media coverage is extremely likely to have an effect on the company's share price in the immediate future.
Are investors shorting Nabors Industries?
Nabors Industries saw a decrease in short interest during the month of April. As of April 15th, there was short interest totalling 35,121,278 shares, a decrease of 10.0% from the March 29th total of 39,027,699 shares. Based on an average daily volume of 9,154,686 shares, the days-to-cover ratio is currently 3.8 days. Currently, 10.9% of the shares of the stock are sold short. View Nabors Industries' Current Options Chain.
Who are some of Nabors Industries' key competitors?
Some companies that are related to Nabors Industries include Transocean (RIG), Seadrill (SDRL), Patterson-UTI Energy (PTEN), Ocean Rig UDW (ORIG), Ensco Rowan (ESV), Rowan Companies (RDC), Diamond Offshore Drilling (DO), Baytex Energy (BTE), Pacific Drilling (PACD), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Noble (NE), PARKER DRILLING/SH PAR $ (PKD), Independence Contract Drilling (ICD) and Pioneer Energy Services (PES).
What other stocks do shareholders of Nabors Industries own?
Who are Nabors Industries' key executives?
Nabors Industries' management team includes the folowing 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
Who are Nabors Industries' major shareholders?
Nabors Industries' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.61%), Dimensional Fund Advisors LP (8.04%), Encompass Capital Advisors LLC (1.54%), Parametric Portfolio Associates LLC (1.41%), Goldman Sachs Group Inc. (1.23%) and Geode Capital Management LLC (1.04%). Company insiders that own Nabors Industries stock include John P Kotts, John Yearwood, Martin Walter and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.
Which institutional investors are selling Nabors Industries stock?
NBR stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Goldman Sachs Group Inc., Ellington Management Group LLC, Donald Smith & CO. Inc., American International Group Inc., State of New Jersey Common Pension Fund D, Los Angeles Capital Management & Equity Research Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Nabors Industries.
Which institutional investors are buying Nabors Industries stock?
NBR stock was purchased by a variety of institutional investors in the last quarter, including Encompass Capital Advisors LLC, Parametric Portfolio Associates LLC, Northern Trust Corp, First Trust Advisors LP, Systematic Financial Management LP, Pinebridge Investments L.P., Geode Capital Management LLC and NumerixS Investment Technologies Inc. Company insiders that have bought Nabors Industries stock in the last two years include John P Kotts, John Yearwood, Martin Walter and William J Restrepo. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Nabors Industries' stock price today?
One share of NBR stock can currently be purchased for approximately $3.28.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $1.19 billion and generates $3.05 billion in revenue each year. The oil and gas company earns $-640,950,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis. Nabors Industries employs 15,000 workers across the globe.
What is Nabors Industries' official website?
How can I contact Nabors Industries?
Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON HM08 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 (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 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.
