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., Canada, International, 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 ROCKIT directional drilling system that offers data collection services to oil and gas exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rig's real-time performance and provides daily reporting for drilling operations; and DrillSmart software that allows the drilling system to adapt operating parameters and drilling conditions. 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. As of December 31, 2017, the company marketed approximately 407 rigs for land-based drilling operations in the United States and Canada, as well as in 20 other countries worldwide; and 38 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
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Current SymbolNYSE:NBR
Previous Symbol
CUSIPG6359F10
Phone441-292-1510
Debt
Debt-to-Equity Ratio1.26
Current Ratio2.05
Quick Ratio1.82
Price-To-Earnings
Trailing P/E Ratio-1.45
Forward P/E Ratio-1.94
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.57 billion
Price / Sales0.33
Cash Flow$1.1825 per share
Price / Cash Flow2.00
Book Value$9.25 per share
Price / Book0.26
Profitability
EPS (Most Recent Fiscal Year)($1.63)
Net Income$-546,810,000.00
Net Margins-19.25%
Return on Equity-14.21%
Return on Assets-5.06%
Miscellaneous
Employees15,000
Outstanding Shares357,800,000
Market Cap$908.80 million
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 announced a quarterly dividend on Tuesday, November 6th. Stockholders of record on Thursday, December 13th will be given a dividend of $0.06 per share on Thursday, January 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date is Wednesday, December 12th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) announced its quarterly earnings results on Tuesday, October, 30th. The oil and gas company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.11. The oil and gas company earned $779.43 million during the quarter, compared to analyst estimates of $800.78 million. Nabors Industries had a negative net margin of 19.25% and a negative return on equity of 14.21%. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.42) earnings per share. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
What price target have analysts set for NBR?
16 analysts have issued 1 year price objectives for Nabors Industries' shares. Their predictions range from $2.75 to $12.00. On average, they expect Nabors Industries' stock price to reach $8.5179 in the next twelve months. This suggests a possible upside of 260.9% from the stock's current price. View Analyst Price Targets for Nabors Industries.
What is the consensus analysts' recommendation for Nabors Industries?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 1 sell rating, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Nabors Industries.
Has Nabors Industries been receiving favorable news coverage?
News stories about NBR stock have trended negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog 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 daily sentiment score of -2.4 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days.
Are investors shorting Nabors Industries?
Nabors Industries saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 50,976,415 shares, an increase of 1.3% from the November 15th total of 50,344,954 shares. Based on an average daily volume of 17,904,291 shares, the days-to-cover ratio is currently 2.8 days. Approximately 15.6% of the company's 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), Patterson-UTI Energy (PTEN), Ocean Rig UDW (ORIG), Ensco (ESV), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Baytex Energy (BTE), Noble (NE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Independence Contract Drilling (ICD), Seadrill Partners (SDLP), Pioneer Energy Services (PES), Key Energy Services (KEG) and Western Energy Services (WEEEF).
Who are Nabors Industries' key executives?
Nabors Industries' management team includes the folowing people:
- Mr. Anthony G. Petrello, Chairman, Pres & CEO (Age 63)
- Mr. William J. Restrepo, Chief Financial Officer (Age 59)
- Mr. Mark D. Andrews CA, CFA, Corp. Sec. (Age 45)
- Mr. R. Clark Wood, VP & Chief Accounting Officer (Age 46)
- 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 investors include Vanguard Group Inc. (8.71%), Vanguard Group Inc (8.71%), BlackRock Inc. (8.19%), Dimensional Fund Advisors LP (7.59%), Deprince Race & Zollo Inc. (1.71%) and Victory Capital Management Inc. (0.88%). 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 Point72 Asset Management L.P., BlackRock Inc., Man Group plc, Prudential Financial Inc., Laurion Capital Management LP, Highbridge Capital Management LLC, Strs Ohio and Mitchell Group Inc.. View Insider Buying and Selling for Nabors Industries.
Which institutional investors are buying Nabors Industries stock?
NBR stock was acquired by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Renaissance Technologies LLC, Russell Investments Group Ltd., Dimensional Fund Advisors LP, First Trust Advisors LP, Energy Opportunities Capital Management LLC, Vanguard Group Inc and Vanguard Group 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 $2.36.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $908.80 million and generates $2.57 billion in revenue each year. The oil and gas company earns $-546,810,000.00 in net income (profit) each year or ($1.63) 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.
