Nabors Industries Company Profile (NYSE:NBR)

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

Nabors Industries declared a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, June 14th will be paid a dividend of $0.06 per share on Wednesday, July 5th. This represents a $0.24 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, June 12th. View Nabors Industries' Dividend History.

Nabors Industries Ltd. (NYSE:NBR) announced its earnings results on Wednesday, April, 26th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $0.16. The company earned $563 million during the quarter, compared to the consensus estimate of $569.96 million. Nabors Industries had a negative return on equity of 11.57% and a negative net margin of 36.49%. The firm's revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the firm posted ($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.

25 analysts have issued 12 month target prices for Nabors Industries' shares. Their forecasts range from $8.00 to $22.00. On average, they anticipate Nabors Industries' stock price to reach $14.98 in the next year. 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’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)

Nabors Industries saw a decrease in short interest during the month of June. As of June 30th, there was short interest totalling 33,364,164 shares, a decrease of 10.9% from the June 15th total of 37,447,156 shares. Based on an average daily trading volume, of 9,123,384 shares, the days-to-cover ratio is presently 3.7 days. Approximately 12.1% of the company's shares are short sold.

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), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), 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 variety of of retail and institutional investors. Top institutional investors include Ardevora Asset Management LLP (1.15%), Manning & Napier Advisors LLC (0.22%), Bollard Group LLC (0.11%), Nisa Investment Advisors LLC (0.09%), Bank of Montreal Can (0.09%) and Sippican Capital Advisors (0.06%). 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 Bank of Montreal Can, Creative Planning, US Bancorp DE, Park National Corp OH and Malaga Cove Capital LLC. View Insider Buying and Selling for Nabors Industries.

Nabors Industries' stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Manning & Napier Advisors LLC, Nisa Investment Advisors LLC, DnB Asset Management AS, Aperio Group LLC, Sippican Capital Advisors, Oregon Public Employees Retirement Fund and Bollard Group 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 $7.69.