Nabors Industries Company Profile (NYSE:NBR)

About Nabors Industries (NYSE:NBR)

Nabors Industries logoNabors 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
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NYSE:NBR
  • CUSIP: G6359F10
  • Web:
  • Market Cap: $1.91497 billion
  • Outstanding Shares: 285,816,000
Average Prices:
  • 50 Day Moving Avg: $7.45
  • 200 Day Moving Avg: $8.53
  • 52 Week Range: $6.18 - $18.40
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -10.63
  • P/E Growth: -0.66
Sales & Book Value:
  • Annual Revenue: $2.25 billion
  • Price / Sales: 0.85
  • Book Value: $10.67 per share
  • Price / Book: 0.63
  • Annual Dividend: $0.24
  • Dividend Yield: 3.6%
  • EBITDA: $535.84 million
  • Net Margins: -32.35%
  • Return on Equity: -13.31%
  • Return on Assets: -5.32%
  • Debt-to-Equity Ratio: 1.22%
  • Current Ratio: 1.34%
  • Quick Ratio: 1.22%
  • Average Volume: 8.00 million shs.
  • Beta: 1.64
  • 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, August 2nd. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.06 per share on Tuesday, October 3rd. This represents a $0.24 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Monday, September 11th. View Nabors Industries' Dividend History.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.35) by $0.03. The business earned $630.50 million during 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 last year, the business posted ($0.35) earnings per share. View Nabors Industries' Earnings History.

When will Nabors Industries make its next earnings announcement?

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

Where is Nabors Industries' stock going? Where will Nabors Industries' stock price be in 2017?

23 brokers have issued 12 month target prices for Nabors Industries' shares. Their predictions range from $7.00 to $22.00. On average, they expect Nabors Industries' share price to reach $12.13 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 Industries is one of the market leaders in the North American land drilling market and is well positioned with a sound mix of high performance rigs and new rigs working in the key shale plays. As it is, the company is poised to grow on the OPEC output- cut deal which is expected to improve the crude prices and thus spur the drilling activities. The company’s recent acquisition of Tesco is expected to prove immediately accretive to its earnings and result into various synergies. However, Nabors’ high leverage along with rising operating and direct costs pose risk. We also need to factor the company’s poor earnings surprise history and unfavorable return on equity. All these are also reflected in the dismal price performance of the company which have tumbled more than 60% year-to-date. Therefore, until the commodity price environment strengthens, we maintain a cautious stance on the stock." (9/11/2017)
  • 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 decrease in short interest in the month of September. As of September 29th, there was short interest totalling 28,659,036 shares, a decrease of 23.1% from the September 15th total of 37,269,929 shares. Based on an average daily volume of 8,691,433 shares, the short-interest ratio is presently 3.3 days. Approximately 10.4% of the company's shares are short sold.

Who are some of Nabors Industries' key competitors?

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 many different of institutional and retail investors. Top institutional investors include Mutual of America Capital Management LLC (0.19%), State Treasurer State of Michigan (0.04%) and Shell Asset Management Co. (0.02%). 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 Shell Asset Management Co. and State Treasurer State of Michigan. View Insider Buying and Selling for Nabors Industries.

Who bought Nabors Industries stock? Who is buying Nabors Industries stock?

Nabors Industries' stock was purchased by a variety of institutional investors in the last quarter, including Mutual of America Capital Management 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?

One share of Nabors Industries stock can currently be purchased for approximately $6.70.

MarketBeat Community Rating for Nabors Industries (NYSE NBR)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  493 (Vote Outperform)
Underperform Votes:  554 (Vote Underperform)
Total Votes:  1,047
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.

Analyst Ratings

Consensus Ratings for Nabors Industries (NYSE:NBR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Hold Ratings, 16 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $12.13 (80.97% upside)
Consensus Price Target History for Nabors Industries (NYSE:NBR)
Price Target History for Nabors Industries (NYSE:NBR)
Analysts' Ratings History for Nabors Industries (NYSE:NBR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Cowen and CompanySet Price TargetBuy$11.00N/AView Rating Details
10/10/2017Deutsche Bank AGInitiated CoverageHold$9.00N/AView Rating Details
10/6/2017Royal Bank Of CanadaReiterated RatingOutperform$14.00 -> $12.00N/AView Rating Details
10/5/2017Citigroup Inc.Set Price TargetBuy$8.00 -> $10.00N/AView Rating Details
10/3/2017SunTrust Banks, Inc.Reiterated RatingBuy$20.00 -> $9.00LowView Rating Details
9/7/2017Jefferies Group LLCReiterated RatingHold -> NeutralLowView Rating Details
9/6/2017BMO Capital MarketsReiterated RatingHold$8.00LowView Rating Details
9/6/2017Sanford C. BernsteinReiterated RatingOutperform$12.50LowView Rating Details
8/31/2017Societe GeneraleInitiated CoverageHold -> Hold$7.00MediumView Rating Details
8/18/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$8.00MediumView Rating Details
8/15/2017GuggenheimUpgradeNeutral -> Buy$10.00MediumView Rating Details
8/10/2017Credit Suisse GroupSet Price TargetBuy$18.00 -> $9.00MediumView Rating Details
8/9/2017NomuraSet Price TargetBuy$17.00 -> $12.00LowView Rating Details
8/7/2017Morgan StanleyLower Price TargetEqual Weight$10.00 -> $9.00HighView Rating Details
7/7/2017Wells Fargo & CompanyDowngradeOutperform -> Market PerformHighView Rating Details
6/20/2017Evercore ISIReiterated RatingOutperform$18.00LowView Rating Details
4/28/2017Goldman Sachs Group, Inc. (The)DowngradeConviction-Buy -> Buy$17.50 -> $18.00MediumView Rating Details
4/5/2017InstinetUpgradeNeutral -> Buy$15.00 -> $17.00MediumView Rating Details
3/22/2017ScotiabankReiterated RatingBuy$22.00LowView Rating Details
12/7/2016StephensDowngradeOverweight -> Hold$16.00N/AView Rating Details
11/29/2016Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
11/15/2016Howard WeilBoost Price TargetSector Outperform$15.00 -> $17.00N/AView Rating Details
11/11/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
9/23/2016ArgusReiterated RatingHoldN/AView Rating Details
9/19/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$13.00N/AView Rating Details
9/15/2016DA DavidsonInitiated CoverageBuy$16.00N/AView Rating Details
8/8/2016SimmonsReiterated RatingNeutral$12.25 -> $12.50N/AView Rating Details
4/27/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$12.00N/AView Rating Details
4/27/2016GMP SecuritiesUpgradeHold -> BuyN/AView Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetPositive$11.00 -> $12.00N/AView Rating Details
2/19/2016KLR GroupLower Price TargetBuy$13.00 -> $11.00N/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for Nabors Industries (NYSE:NBR)
Earnings by Quarter for Nabors Industries (NYSE:NBR)
Earnings History by Quarter for Nabors Industries (NYSE NBR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017($0.28)N/AView Earnings Details
8/2/2017Q2 2017($0.35)($0.38)$589.79 million$630.50 millionViewListenView Earnings Details
4/26/2017Q1 2017($0.36)($0.52)$569.96 million$563.00 millionViewN/AView Earnings Details
2/22/2017Q416($0.34)($0.30)$543.04 million$539.20 millionViewN/AView Earnings Details
10/25/2016Q316($0.34)($0.35)$543.48 million$519.70 millionViewN/AView Earnings Details
8/2/2016Q216($0.45)($0.26)$497.83 million$571.60 millionViewN/AView Earnings Details
4/25/2016Q116($0.33)($0.29)$630.81 million$597.60 millionViewN/AView Earnings Details
2/16/2016Q415($0.38)($0.22)$732.89 million$693.70 millionViewListenView Earnings Details
10/27/2015Q315($0.14)($0.14)$771.72 million$812.40 millionViewListenView Earnings Details
8/4/2015Q215($0.09)($0.14)$800.69 million$862.00 millionViewN/AView Earnings Details
4/21/2015Q115$0.05$0.20$1.36 billion$1.42 billionViewN/AView Earnings Details
3/2/2015Q414$0.39$0.33$1.84 billion$1.78 millionViewN/AView Earnings Details
11/10/2014Q3 2014$0.37$0.39$1.81 billionViewN/AView Earnings Details
10/21/2014Q314$0.36$0.39$1.72 billion$1.81 billionViewListenView Earnings Details
7/22/2014Q214$0.23$0.24$1.59 billion$1.62 billionViewListenView Earnings Details
4/22/2014Q114$0.16$0.16$1.56 billion$1.59 billionViewN/AView Earnings Details
2/18/2014Q413$0.20$0.42$1.55 billion$1.61 billionViewListenView Earnings Details
10/23/2013Q313$0.19$0.20$1.59 billion$1.55 billionViewListenView Earnings Details
7/23/2013Q2 2013$0.09$0.08$1.58 billion$1.51 billionViewListenView Earnings Details
4/23/2013Q1 2013$0.28$0.33$1.64 billion$1.58 billionViewListenView Earnings Details
2/19/2013Q4 2012$0.29$0.44$1.66 billion$1.63 billionViewListenView Earnings Details
10/23/2012$0.38$0.42ViewN/AView Earnings Details
7/24/2012$0.39$0.38ViewN/AView Earnings Details
2/21/2012$0.50$0.30ViewN/AView Earnings Details
10/25/2011$0.41$0.44ViewN/AView Earnings Details
4/26/2011$0.34$0.29ViewN/AView Earnings Details
2/15/2011$0.37$0.44ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Nabors Industries (NYSE:NBR)
2017 EPS Consensus Estimate: ($1.18)
2018 EPS Consensus Estimate: ($0.71)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.39)($0.30)($0.35)
Q2 20175($0.35)($0.27)($0.31)
Q3 20175($0.33)($0.23)($0.28)
Q4 20175($0.31)($0.21)($0.25)
Q1 20183($0.28)($0.17)($0.24)
Q2 20183($0.25)($0.14)($0.21)
Q3 20183($0.20)($0.11)($0.16)
Q4 20183($0.14)($0.06)($0.10)
Q1 20191($0.05)($0.05)($0.05)
(Data provided by Zacks Investment Research)


Current Dividend Information for Nabors Industries (NYSE:NBR)
Most Recent Dividend:10/3/2017
Annual Dividend:$0.24
Dividend Yield:3.58%
Dividend Growth:4.00% (3 Year Average)
Payout Ratio:-9.41% (Trailing 12 Months of Earnings)
-16.33% (Based on This Year's Estimates)
-38.10% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Nabors Industries (NYSE:NBR)

Dividend History by Quarter for Nabors Industries (NYSE NBR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Nabors Industries (NYSE:NBR)
Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 95.55%
Insider Trades by Quarter for Nabors Industries (NYSE:NBR)
Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)
Insider Trades by Quarter for Nabors Industries (NYSE:NBR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/30/2017William J RestrepoCFOBuy22,000$8.25$181,500.00View SEC Filing  
5/4/2017William J RestrepoCFOBuy22,000$9.43$207,460.00View SEC Filing  
4/28/2016Howard WolfDirectorBuy15,000$9.78$146,700.00View SEC Filing  
7/26/2013John P KottsDirectorBuy120,000$14.95$1,794,000.00View SEC Filing  
7/25/2013Howard WolfDirectorBuy11,000$14.90$163,900.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Nabors Industries (NYSE:NBR)
Latest Headlines for Nabors Industries (NYSE:NBR)
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Nabors Industries (NBR) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by Staff

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