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

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$3.14 -0.18 (-5.42 %)
(As of 02/22/2019 08:00 AM ET)
Previous Close$3.32
Today's Range$3.13 - $3.33
52-Week Range$1.81 - $8.86
Volume13.80 million shs
Average Volume10.89 million shs
Market Capitalization$1.12 billion
P/E RatioN/A
Dividend Yield7.23%
Beta2.43
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.

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Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
CUSIPG6359F10
Phone441-292-1510

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.57 billion
Cash Flow$1.2031 per share
Book Value$9.25 per share

Profitability

Net Income$-546,810,000.00

Miscellaneous

Employees15,000
Market Cap$1.12 billion
Next Earnings Date2/26/2019 (Confirmed)
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 Tuesday, November 6th. Stockholders of record on Thursday, December 13th will be paid a dividend of $0.06 per share on Thursday, January 3rd. This represents a $0.24 annualized dividend and a dividend yield of 7.64%. 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) posted its quarterly earnings data 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 had revenue of $779.43 million for the quarter, compared to analyst estimates of $800.78 million. Nabors Industries had a negative return on equity of 14.21% and a negative net margin of 19.25%. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.42) earnings per share. View Nabors Industries' Earnings History.

When is Nabors Industries' next earnings date?

Nabors Industries is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Nabors Industries.

How can I listen to Nabors Industries' earnings call?

Nabors Industries will be holding an earnings conference call on Wednesday, February 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

What price target have analysts set for NBR?

16 brokers have issued 12 month price objectives for Nabors Industries' shares. Their predictions range from $2.75 to $12.00. On average, they anticipate Nabors Industries' share price to reach $7.8333 in the next twelve months. This suggests a possible upside of 149.5% 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, 5 hold ratings and 10 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?

Media coverage about NBR stock has been trending somewhat positive on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nabors Industries earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave media coverage about the oil and gas company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting Nabors Industries?

Nabors Industries saw a increase in short interest in January. As of January 31st, there was short interest totalling 55,637,136 shares, an increase of 0.3% from the January 15th total of 55,449,670 shares. Based on an average daily trading volume, of 14,594,948 shares, the days-to-cover ratio is currently 3.8 days. Approximately 17.1% of the company's stock are short sold. View Nabors Industries' Current Options Chain.

Who are some of Nabors Industries' key competitors?

What other stocks do shareholders of Nabors Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nabors Industries investors own include Bank of America (BAC), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA), Transocean (RIG), Schlumberger (SLB), AT&T (T), Intel (INTC), Ford Motor (F) and Marathon Oil (MRO).

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 CA, CFA, 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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.74%), Dimensional Fund Advisors LP (8.23%), Van ECK Associates Corp (3.62%), Geode Capital Management LLC (0.98%), Deprince Race & Zollo Inc. (0.90%) and Principal Financial Group Inc. (0.75%). 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 major investors are selling Nabors Industries stock?

NBR stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Deprince Race & Zollo Inc., Northern Trust Corp, Squarepoint Ops LLC, Comerica Bank, First Trust Advisors LP, Gotham Asset Management LLC and Sippican Capital Advisors. View Insider Buying and Selling for Nabors Industries.

Which major investors are buying Nabors Industries stock?

NBR stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Perella Weinberg Partners Capital Management LP, Two Sigma Investments LP, Dimensional Fund Advisors LP, Principal Financial Group Inc., Connor Clark & Lunn Investment Management Ltd., RBF Capital LLC and GSA Capital Partners LLP. 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 $3.14.

How big of a company is Nabors Industries?

Nabors Industries has a market capitalization of $1.12 billion 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?

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

How can I contact Nabors Industries?

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]


MarketBeat Community Rating for Nabors Industries (NYSE NBR)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  686 (Vote Outperform)
Underperform Votes:  711 (Vote Underperform)
Total Votes:  1,397
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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