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 - NEC
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NYSE:NBR
  • CUSIP: G6359F10
  • Web:
  • Market Cap: $1.9 billion
  • Outstanding Shares: 285,816,000
Average Prices:
  • 50 Day Moving Avg: $7.38
  • 200 Day Moving Avg: $10.61
  • 52 Week Range: $6.18 - $18.40
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.27
  • P/E Growth: -0.63
Sales & Book Value:
  • Annual Revenue: $2.25 billion
  • Price / Sales: 0.84
  • Book Value: $10.67 per share
  • Price / Book: 0.62
  • Annual Dividend: $0.24
  • Dividend Yield: 3.7%
  • EBIDTA: $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: 9.21 million shs.
  • Beta: 1.55
  • 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 declared a quarterly dividend on Wednesday, August 2nd. Investors 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 3.61%. The ex-dividend date is Monday, September 11th. View Nabors Industries' Dividend History.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) released its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.35) by $0.03. The company had revenue of $630.50 million for 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 in the previous year, the firm earned ($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?

25 brokerages have issued twelve-month target prices for Nabors Industries' shares. Their forecasts range from $8.00 to $22.00. On average, they expect Nabors Industries' stock price to reach $13.95 in the next year. 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’s stock price has fallen around 55% since the start of this year, wider than the Zacks categorized 'Oil & Gas - Drilling industry’s decline of 40%. While a renewed slump in crude prices due to a persistent global supply glut sent a shockwave through the industry, Nabors’s rising labor and reactivation costs is also a matter for concern. This is adversely affecting the already weak financials of the company. Over the last few years, the company has kept adding debt to its balance sheet for a fleet recapitalization program. This has increased the leverage ratio of the company to around 54% which might affect the credit metrics of the company adversely. Further, we also need to factor the dismal earnings surprise history and unfavorable return on equity. Given these headwinds, we see Nabors as a risky bet that investors should sell." (7/11/2017)
  • 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 increase in short interest in the month of July. As of July 31st, there was short interest totalling 20,879,631 shares, an increase of 44.4% from the July 14th total of 37,556,452 shares. Based on an average trading volume of 7,014,574 shares, the short-interest ratio is currently 3.0 days. Approximately 7.6% of the shares of the stock are sold short.

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 a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.69%), Vanguard Group Inc. (7.95%), Dimensional Fund Advisors LP (6.69%), Bank of New York Mellon Corp (5.75%), Van ECK Associates Corp (5.59%) and State Street Corp (2.98%). 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 Principal Financial Group Inc., Federated Investors Inc. PA, JPMorgan Chase & Co., Renaissance Technologies LLC, Thrivent Financial For Lutherans, New York State Common Retirement Fund, Victory Capital Management Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Nabors Industries.

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

Nabors Industries' stock was acquired by a variety of institutional investors in the last quarter, including Sirios Capital Management L P, Bank of New York Mellon Corp, FMR LLC, Ardevora Asset Management LLP, Caxton Associates LP, Donald Smith & CO. Inc., GMT Capital Corp and Mitchell 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.

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 $6.65.

MarketBeat Community Rating for Nabors Industries (NYSE NBR)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  465 (Vote Outperform)
Underperform Votes:  524 (Vote Underperform)
Total Votes:  989
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, 18 Buy Ratings
Consensus Rating:Buy (Score: 2.72)
Consensus Price Target: $13.95 (109.81% upside)

Analysts' Ratings History for Nabors Industries (NYSE:NBR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
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
8/9/2017Citigroup Inc.Reiterated RatingNeutral$10.00 -> $9.00MediumView Rating Details
8/9/2017NomuraSet Price TargetBuy$17.00 -> $12.00LowView Rating Details
8/8/2017Cowen and CompanyLower Price TargetOutperform -> Outperform$13.00 -> $10.50LowView Rating Details
8/7/2017Morgan StanleyLower Price TargetEqual Weight$10.00 -> $9.00HighView Rating Details
8/4/2017Jefferies Group LLCSet Price TargetNeutral -> Hold$8.00HighView Rating Details
7/13/2017BMO Capital MarketsReiterated RatingHold$13.00 -> $8.00LowView Rating Details
7/7/2017Wells Fargo & CompanyDowngradeOutperform -> Market PerformHighView Rating Details
6/20/2017Royal Bank Of CanadaReiterated RatingBuyMediumView Rating Details
6/20/2017Evercore ISIReiterated RatingOutperform$18.00LowView Rating Details
5/30/2017Deutsche Bank AGReiterated RatingBuy$20.00 -> $13.00LowView 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
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$20.00N/AView Rating Details
12/7/2016StephensDowngradeOverweight -> Hold$16.00N/AView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageOutperform$19.50N/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 8/23/2015 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
10/23/2017($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: ($1.14)
2018 EPS Consensus Estimate: ($0.49)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.39)($0.30)($0.35)
Q2 20175($0.35)($0.27)($0.31)
Q3 20175($0.30)($0.23)($0.26)
Q4 20175($0.25)($0.21)($0.22)
Q1 20182($0.17)($0.17)($0.17)
Q2 20182($0.14)($0.14)($0.14)
Q3 20182($0.12)($0.11)($0.12)
Q4 20182($0.06)($0.06)($0.06)
Q1 20191($0.05)($0.05)($0.05)
(Data provided by Zacks Investment Research)


Current Dividend Information for Nabors Industries (NYSE:NBR)
Next Dividend:10/3/2017
Annual Dividend:$0.24
Dividend Yield:3.61%
Dividend Growth:4.00% (3 Year Average)
Payout Ratio:-9.41% (Trailing 12 Months of Earnings)
-16.11% (Based on This Year's Estimates)
-40.68% (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: 98.65%
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)
DateHeadline logoWhat Could Happen to Nabors’s Debt in 2017 - August 21 at 8:16 PM logoHow Nabors Could Use Its Free Cash Flow This Year - August 21 at 8:16 PM logoInside Nabors’s Management Estimates for 2017 - August 19 at 5:01 AM logoUnderstanding Upstream Operators’ Capex and Nabors’s Margin in 2Q17 - August 19 at 5:01 AM logoBehind Nabors’s and Tesco’s Value Drivers in 2Q17 - August 19 at 5:01 AM logoNabors Industries Ltd. (NBR) Stock Rating Upgraded by Seaport Global Securities - August 18 at 8:12 AM logoWhy Nabors Plans to Acquire Tesco - August 17 at 8:55 PM logoWhy Does Nabors’s Stock Price Look so Bearish? - August 17 at 8:55 PM logoOil & Gas Stock Roundup: Andeavor Logistics & Nabors' Acquisitions, BP's Project Start-Up & More - Yahoo Finance UK - August 17 at 6:03 AM logoWeissLaw LLP Investigates Tesco Corporation Acquisition - August 15 at 3:23 PM logoNabors Industries Ltd. (NYSE:NBR) Rating Increased to Buy at Guggenheim - August 15 at 8:00 AM logoNabors to acquire Houston oil field services co. in all-stock deal - Houston Business Journal - August 15 at 2:44 AM logoNabors to acquire Houston oil field services co. in all-stock deal - August 15 at 2:44 AM logoNabors-Tesco Merger A Rare Win-Win In The Consolidating Oil Patch - August 15 at 2:44 AM logoTESCO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tesco Corporation - August 15 at 2:44 AM logoNabors Industries Ltd. (NYSE:NBR) Short Interest Update - August 15 at 1:46 AM logoMid-Day Market Update: Sorl Auto Parts Drops After Q2 Results; CEL-SCI Shares Surge - August 14 at 12:40 PM logoRig Counts: The Latest Evidence Of Pain In The Permian - August 12 at 6:07 AM logoNabors Industries Ltd. (NYSE:NBR) Receives Average Rating of "Hold" from Analysts - August 11 at 3:02 PM logoNabors Industries Ltd. (NYSE:NBR) Stock Rating Reaffirmed by Citigroup Inc. - August 9 at 8:32 PM logoNomura Trims Nabors Industries Ltd. (NBR) Target Price to $12.00 - August 9 at 11:00 AM logo$667.03 Million in Sales Expected for Nabors Industries Ltd. (NBR) This Quarter - August 8 at 8:04 AM logoNabors Industries' (NYSE:NBR) "Neutral" Rating Reiterated at Seaport Global Securities - August 8 at 7:00 AM logoNabors Industries Ltd. (NBR) Given New $9.00 Price Target at Morgan Stanley - August 7 at 3:04 PM logo-$0.28 Earnings Per Share Expected for Nabors Industries Ltd. (NYSE:NBR) This Quarter - August 6 at 7:12 AM logoNabors Industries Earnings Stay in the Loss Column Yet Again This Quarter - August 5 at 4:22 PM logoNabors Industries' (NYSE:NBR) Hold Rating Reaffirmed at Jefferies Group LLC - August 5 at 7:14 AM logoNabors Industries (NBR) Q2 2017 Results - Earnings Call Transcript - August 4 at 8:49 PM logoInvestor Network: Nabors Industries Ltd. to Host Earnings Call - August 4 at 8:49 PM logoNabors (NBR) Q2 Loss Wider Than Expected, Revenues Beat - August 4 at 3:40 PM logoWhat Are Nabors Industries’ Returns after 2Q17? - August 4 at 6:11 AM logoEdited Transcript of NBR earnings conference call or presentation 3-Aug-17 3:00pm GMT - August 4 at 6:11 AM logoNabors Industries Ltd. (NYSE:NBR) to Issue $0.06 Quarterly Dividend - August 3 at 1:34 PM logoNabors Announces Second Quarter Results - August 3 at 6:11 AM logoNabors reports 2Q loss - August 3 at 6:11 AM logoMake Lemonade Out Of Lemons: Sell Nabors Industries Short - August 1 at 2:49 AM logoNabors Industries Ltd. (NYSE:NBR) Short Interest Up 12.6% in July - July 30 at 7:03 AM logoBidaskClub Downgrades Nabors Industries Ltd. (NYSE:NBR) to Strong Sell - July 29 at 2:19 PM logoNabors Industries Ltd. (NYSE:NBR) to Release Quarterly Earnings on Wednesday - July 27 at 1:47 PM logoWhat Was Nabors Industries’ Stock Price Forecast on July 19? - July 25 at 5:51 AM logoWhat Was the Short Interest in Nabors Industries on July 19? - July 25 at 5:51 AM logoThese Could Be Nabors Industries’ Key Drivers in 2Q17 - July 22 at 6:51 AM logoThese Could Be Nabors Industries’ Key Drivers in 2Q17 - July 22 at 6:51 AM logoPTEN on the Street: Wall Street’s Forecasts before the 2Q17 Earnings - July 21 at 3:25 AM logoWhat Analysts Expect from Nabors Industries’ 2Q17 Earnings - July 21 at 3:24 AM logoNabors Industries Ltd. (NBR) Expected to Post Quarterly Sales of $597.34 Million - July 19 at 5:16 PM logoNabors Industries Ltd. (NYSE:NBR) Short Interest Down 10.9% in June - July 19 at 8:51 AM logoTechnical Insights on Oil & Gas Stocks -- Ensco, Nabors Industries, Noble, and Petroleo Brasileiro - PR Newswire (press release) - July 19 at 7:08 AM logoZacks: Analysts Expect Nabors Industries Ltd. (NBR) Will Announce Earnings of -$0.33 Per Share - July 17 at 11:46 AM logoNabors Industries Ltd. (NYSE:NBR) Receives Average Rating of "Hold" from Brokerages - July 17 at 10:54 AM



Nabors Industries (NBR) Chart for Wednesday, August, 23, 2017

This page was last updated on 8/23/2017 by Staff