Nabors Industries Company Profile (NYSE:NBR)

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

Nabors Industries announced a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, June 14th will be given a dividend of $0.06 per share on Wednesday, July 5th. This represents a $0.24 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, June 12th. View Nabors Industries' Dividend History.

Nabors Industries Ltd. (NYSE:NBR) posted its quarterly earnings results on Wednesday, April, 26th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by $0.16. The business 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 for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. View Nabors Industries' Earnings History.

Nabors Industries is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Nabors Industries.

23 analysts have issued twelve-month price objectives for Nabors Industries' shares. Their predictions range from $8.00 to $22.00. On average, they expect Nabors Industries' stock price to reach $15.25 in the next twelve months. View Analyst Ratings for Nabors Industries.

Here are some recent quotes from research analysts about Nabors Industries stock:

• 1. 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)
• 2. According to Zacks Investment Research, "With leading positions in most natural gas and oil-based shale plays, Nabors Industries is a big player in the North American land drilling market. The company continues to fare well on its aggressive cost-management techniques and strong performance by the international business segment that has helped the well service provider to trump estimates in 3 of the past 4 quarters. Moreover, with the recent OPEC deal and the subsequent advancement of crude oil, producers are likely to revive spending on drilling activities that would spur rig count. This, in turn, will result in improved demand for oilfield equipments, thereby driving Nabors' revenues, earnings and cash flow. Consequently, we think Nabors offers substantial upside potential from the current price levels and label it as an attractive investment." (1/31/2017)

Nabors Industries saw a drop in short interest during the month of May. As of May 31st, there was short interest totalling 31,295,565 shares, a drop of 17.2% from the May 15th total of 37,793,455 shares. Based on an average daily volume of 12,399,273 shares, the short-interest ratio is currently 2.5 days. Currently, 11.4% of the company's stock are sold short.

Some companies that are related to Nabors Industries include Patterson-UTI Energy (PTEN), Transocean (RIG), ENSCO PLC (ESV), Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Parker Drilling Company (PKD), Pioneer Energy Services Corp. (PES), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

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

Nabors Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.93%), Vanguard Group Inc. (8.12%), Dimensional Fund Advisors LP (7.10%), Morgan Stanley (6.76%), Van ECK Associates Corp (5.60%) and Bank of New York Mellon Corp (5.09%). Company insiders that own Nabors Industries stock include Howard Wolf and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.

Nabors Industries' stock was sold by a variety of institutional investors in the last quarter, including CI Investments Inc., FMR LLC, Van ECK Associates Corp, Prudential Financial Inc., Ameriprise Financial Inc., Oxford Asset Management, First Trust Advisors LP and Piedmont Investment Advisors LLC. View Insider Buying and Selling for Nabors Industries.

Nabors Industries' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Bank of New York Mellon Corp, Deprince Race & Zollo Inc., Bank of America Corp DE, Russell Investments Group Ltd., Dimensional Fund Advisors LP and Vanguard Group Inc.. 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.

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.

One share of Nabors Industries stock can currently be purchased for approximately $7.87.