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, August 2nd. Stockholders of record on Tuesday, September 12th will be paid a dividend of $0.06 per share on Tuesday, October 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, September 11th. View Nabors Industries' Dividend History.

Nabors Industries Ltd. (NYSE:NBR) released its earnings results on Wednesday, August, 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.03. The firm had revenue of $630.50 million for the quarter, compared to analyst estimates 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 revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share. View Nabors Industries' Earnings History.

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

23 equities research analysts have issued 1 year price targets for Nabors Industries' stock. Their forecasts range from $7.00 to $22.00. On average, they expect Nabors Industries' stock price to reach $12.13 in the next twelve months. View Analyst Ratings for Nabors Industries.

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)

Nabors Industries saw a decline in short interest in the month of September. As of September 29th, there was short interest totalling 28,659,036 shares, a decline 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. Currently, 10.4% of the company's shares are short sold.

Some companies that are related to Nabors Industries include Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), Ensco Plc (ESV), Mammooth Energy (TUSK), Atwood Oceanics (ATW), Precision Drilling Corporation (PDS), Pioneer Energy Services Corp. (PES), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Parker Drilling Company (PKD), Pacific Drilling SA (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 institutional and retail investors. Top institutional investors include Mutual of America Capital Management LLC (0.19%) 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.

Nabors Industries' stock was sold by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. View Insider Buying and Selling for Nabors Industries.

Nabors Industries' stock was bought 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.

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 $6.70.