About Nabors Industries (NYSE:NBR)
Nabors 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
Industry Oil & Gas Drilling
Sub-IndustryOil & Gas Drilling
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$2.01 billion
Price / Sales0.83
Cash Flow$1.26 per share
Price / Cash4.64
Book Value$10.24 per share
Price / Book0.57
Return on Equity-14.74%
Return on Assets-5.65%
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 Saturday, October 28th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.06 per share on Wednesday, January 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, December 12th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) announced its quarterly earnings data on Tuesday, October, 24th. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.33) by $0.09. The oil and gas company earned $662.50 million during the quarter, compared to analysts' expectations of $674.03 million. Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. Nabors Industries's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.55) EPS. View Nabors Industries' Earnings History.
When will Nabors Industries make its next earnings announcement?
Where is Nabors Industries' stock going? Where will Nabors Industries' stock price be in 2017?
23 analysts have issued 1 year price objectives for Nabors Industries' shares. Their predictions range from $6.00 to $22.00. On average, they expect Nabors Industries' stock price to reach $11.36 in the next twelve months. View Analyst Ratings for Nabors Industries.
What are Wall Street analysts saying about Nabors Industries stock?
Here are some recent quotes from research analysts about Nabors Industries stock:
- 1. 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. Increased rig activities along with rising margins in Nabors’ Lower 48 operations have helped the well service provider notch up impressive revenue numbers. Moreover, with the recent talks of OPEC deal extension and the subsequent advancement of crude oil, producers are likely to revive spending on drilling activities that would spur rig count. However, rising operating and direct costs have impacted the results of the firm in recent times, adversely affecting the already weak financials of the company. The company’s escalating labor and reactivation costs are big concerns too. As it is, over the last few years, Nabors has kept adding debt to its balance sheet for fleet recapitalization program. Given these factors, we take a cautious stance on the stock." (11/8/2017)
- 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 October. As of October 31st, there was short interest totalling 37,998,869 shares, an increase of 12.4% from the October 13th total of 33,799,648 shares. Based on an average trading volume of 16,507,745 shares, the days-to-cover ratio is presently 2.3 days. Currently, 14.9% of the company's 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 (Age 62)
- William J. Restrepo, Chief Financial Officer (Age 57)
- Mark D. Andrews, Corporate Secretary (Age 44)
- John Yearwood, Lead Independent Director (Age 57)
- James Robert Crane, Independent Director (Age 63)
- John P. Kotts, Independent Director (Age 66)
- Michael C. Linn, Independent Director (Age 65)
- Dag J. Skattum, Independent Director (Age 56)
Who owns Nabors Industries stock?
Nabors Industries' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.48%), Van ECK Associates Corp (5.69%), Bank of New York Mellon Corp (4.84%), TCW Group Inc. (1.91%), Victory Capital Management Inc. (1.64%) and Point72 Asset Management L.P. (1.41%). Company insiders that own Nabors Industries stock include Howard Wolf, Martin Walter 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 Bank of New York Mellon Corp, Sirios Capital Management L P, TCW Group Inc., Deprince Race & Zollo Inc., Russell Investments Group Ltd., Mitchell Group Inc., Canada Pension Plan Investment Board and Bollard Group LLC. 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 Prudential Financial Inc., Victory Capital Management Inc., Dimensional Fund Advisors LP, Point72 Asset Management L.P., JPMorgan Chase & Co., Wedge Capital Management L L P NC, GMT Capital Corp and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought Nabors Industries stock in the last two years include Howard Wolf, Martin Walter 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 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 Nabors Industries stock can currently be purchased for approximately $5.83.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $1.68 billion and generates $2.01 billion in revenue each year. The oil and gas company earns $-1,029,740,000.00 in net income (profit) each year or ($2.68) on an earnings per share basis. Nabors Industries employs 13,000 workers across the globe.
How can I contact Nabors Industries?
Nabors Industries' mailing address is Crown House, 4 Par-La-Ville Road, HAMILTON, HM 08, Bermuda. The oil and gas company can be reached via phone at +1-441-2921510 or via email at [email protected]
MarketBeat Community Rating for Nabors Industries (NBR)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.
Analysts' Consensus Rating for Nabors Industries (NYSE:NBR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 7 Hold Ratings, 16 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.70)|
|Consensus Price Target: ||$11.36 (94.81% upside)|
Consensus Price Target History for Nabors Industries (NYSE:NBR)
Analysts' Ratings History for Nabors Industries (NYSE:NBR)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/8/2017||Bank of America Corporation||Lower Price Target||Buy||$8.50 -> $8.00||N/A|
|11/8/2017||Jefferies Group LLC||Upgrade||Hold -> Buy||$6.19 -> $9.00||N/A|
|10/27/2017||BMO Capital Markets||Set Price Target||Hold||$6.00||N/A|
|10/27/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$9.50||N/A|
|10/26/2017||Credit Suisse Group||Set Price Target||Buy||$9.00 -> $8.00||N/A|
|10/26/2017||Morgan Stanley||Lower Price Target||Equal Weight||$9.00 -> $8.50||N/A|
|10/26/2017||Cowen Inc||Set Price Target||Buy||$10.50 -> $9.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$9.00||N/A|
|10/6/2017||Royal Bank Of Canada||Reiterated Rating||Outperform||$14.00 -> $12.00||N/A|
|10/5/2017||Citigroup Inc.||Set Price Target||Buy||$8.00 -> $10.00||N/A|
|10/3/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$20.00 -> $9.00||Low|
|9/6/2017||Sanford C. Bernstein||Reiterated Rating||Outperform||$12.50||Low|
|8/31/2017||Societe Generale||Initiated Coverage||Hold -> Hold||$7.00||Medium|
|8/18/2017||Seaport Global Securities||Upgrade||Neutral -> Buy||$8.00||Medium|
|8/15/2017||Guggenheim||Upgrade||Neutral -> Buy||$10.00||Medium|
|8/9/2017||Nomura||Set Price Target||Buy||$17.00 -> $12.00||Low|
|7/7/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||High|
|6/20/2017||Evercore ISI||Reiterated Rating||Outperform||$18.00||Low|
|4/28/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Conviction-Buy -> Buy||$17.50 -> $18.00||Medium|
|4/5/2017||Instinet||Upgrade||Neutral -> Buy||$15.00 -> $17.00||Medium|
|12/7/2016||Stephens||Downgrade||Overweight -> Hold||$16.00||N/A|
|11/29/2016||Tudor Pickering||Upgrade||Hold -> Buy||N/A|
|11/15/2016||Howard Weil||Boost Price Target||Sector Outperform||$15.00 -> $17.00||N/A|
|11/11/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|9/19/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||$13.00||N/A|
|9/15/2016||DA Davidson||Initiated Coverage||Buy||$16.00||N/A|
|8/8/2016||Simmons||Reiterated Rating||Neutral||$12.25 -> $12.50||N/A|
|4/27/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$12.00||N/A|
|4/27/2016||GMP Securities||Upgrade||Hold -> Buy||N/A|
|3/9/2016||Susquehanna Bancshares Inc||Boost Price Target||Positive||$11.00 -> $12.00||N/A|
|2/19/2016||KLR Group||Lower Price Target||Buy||$13.00 -> $11.00||N/A|
Earnings History and Estimates Chart for Nabors Industries (NYSE:NBR)
Earnings History by Quarter for Nabors Industries (NYSE NBR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/28/2018|| || || || || || || || |
|10/24/2017||Q3 2017||($0.33)||($0.42)||$674.03 million||$662.50 million||View||N/A|
|8/2/2017||Q2 2017||($0.35)||($0.38)||$589.79 million||$630.50 million||View||Listen|
|4/26/2017||Q1 2017||($0.36)||($0.52)||$569.96 million||$563.00 million||View||N/A|
|2/22/2017||Q416||($0.34)||($0.30)||$543.04 million||$539.20 million||View||N/A|
|10/25/2016||Q316||($0.34)||($0.35)||$543.48 million||$519.70 million||View||N/A|
|8/2/2016||Q216||($0.45)||($0.26)||$497.83 million||$571.60 million||View||N/A|
|4/25/2016||Q116||($0.33)||($0.29)||$630.81 million||$597.60 million||View||N/A|
|2/16/2016||Q415||($0.38)||($0.22)||$732.89 million||$693.70 million||View||Listen|
|10/27/2015||Q315||($0.14)||($0.14)||$771.72 million||$812.40 million||View||Listen|
|8/4/2015||Q215||($0.09)||($0.14)||$800.69 million||$862.00 million||View||N/A|
|4/21/2015||Q115||$0.05||$0.20||$1.36 billion||$1.42 billion||View||N/A|
|3/2/2015||Q414||$0.39||$0.33||$1.84 billion||$1.78 million||View||N/A|
|11/10/2014||Q3 2014||$0.37||$0.39||$1.81 billion||View||N/A|
|10/21/2014||Q314||$0.36||$0.39||$1.72 billion||$1.81 billion||View||Listen|
|7/22/2014||Q214||$0.23||$0.24||$1.59 billion||$1.62 billion||View||Listen|
|4/22/2014||Q114||$0.16||$0.16||$1.56 billion||$1.59 billion||View||N/A|
|2/18/2014||Q413||$0.20||$0.42||$1.55 billion||$1.61 billion||View||Listen|
|10/23/2013||Q313||$0.19||$0.20||$1.59 billion||$1.55 billion||View||Listen|
|7/23/2013||Q2 2013||$0.09||$0.08||$1.58 billion||$1.51 billion||View||Listen|
|4/23/2013||Q1 2013||$0.28||$0.33||$1.64 billion||$1.58 billion||View||Listen|
|2/19/2013||Q4 2012||$0.29||$0.44||$1.66 billion||$1.63 billion||View||Listen|
Earnings Estimates for Nabors Industries (NYSE:NBR)
2017 EPS Consensus Estimate: ($1.23)
2018 EPS Consensus Estimate: ($0.84)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Nabors Industries (NYSE:NBR)
|Dividend Growth:||4.00% (3 Year Average)|
|Payout Ratio:||-8.96% (Trailing 12 Months of Earnings) |
-14.91% (Based on This Year's Estimates)
-32.00% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Nabors Industries (NYSE NBR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Nabors Industries (NYSE NBR)
Insider Ownership Percentage: 4.10%
Institutional Ownership Percentage: 98.76%
Insider Trades by Quarter for Nabors Industries (NYSE NBR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/30/2017||William J Restrepo||CFO||Buy||22,000||$8.25||$181,500.00|| |
|5/4/2017||William J Restrepo||CFO||Buy||22,000||$9.43||$207,460.00|| |
|4/28/2016||Howard Wolf||Director||Buy||15,000||$9.78||$146,700.00|| |
|7/26/2013||John P Kotts||Director||Buy||120,000||$14.95||$1,794,000.00|| |
|7/25/2013||Howard Wolf||Director||Buy||11,000||$14.90||$163,900.00|| |
Latest Headlines for Nabors Industries (NYSE NBR)
Nabors Industries (NYSE NBR) Chart for Friday, November, 24, 2017