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.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:NBR
CUSIPG6359F10
Phone441-292-1510
Debt
Debt-to-Equity Ratio1.56
Current Ratio1.95
Quick Ratio1.72
Price-To-Earnings
Trailing P/E Ratio-3.83
Forward P/E Ratio-7.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.57 billion
Price / Sales0.87
Cash Flow$1.2555 per share
Price / Cash4.97
Book Value$9.25 per share
Price / Book0.67
Profitability
EPS (Most Recent Fiscal Year)($1.63)
Net Income$-546,810,000.00
Net Margins-19.81%
Return on Equity-14.45%
Return on Assets-5.13%
Miscellaneous
Employees15,000
Outstanding Shares357,670,000
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 Friday, April 20th. Investors of record on Tuesday, June 12th will be paid a dividend of $0.06 per share on Tuesday, July 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, June 11th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) issued its quarterly earnings data on Tuesday, May, 1st. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.28) by $0.01. The oil and gas company had revenue of $734.66 million for the quarter, compared to analyst estimates of $763.99 million. Nabors Industries had a negative return on equity of 14.45% and a negative net margin of 19.81%. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
What price target have analysts set for NBR?
20 equities research analysts have issued 12-month price targets for Nabors Industries' stock. Their predictions range from $6.00 to $13.00. On average, they expect Nabors Industries' share price to reach $9.2895 in the next twelve months. View Analyst Ratings for Nabors Industries.
Are investors shorting Nabors Industries?
Nabors Industries saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 53,577,372 shares, an increase of 28.3% from the May 15th total of 41,749,691 shares. Based on an average daily volume of 15,821,609 shares, the days-to-cover ratio is currently 3.4 days. Currently, 16.7% of the shares of the company are short sold. View Nabors Industries' Current Options Chain.
Who are some of Nabors Industries' key competitors?
Some companies that are related to Nabors Industries include Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN), Ensco (ESV), Ocean Rig UDW (ORIG), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill Partners (SDLP) and Seadrill (SDRL).
Who are Nabors Industries' key executives?
Nabors Industries' management team includes the folowing people:
- Mr. Anthony G. Petrello, Chairman, Pres & CEO (Age 63)
- Mr. William J. Restrepo, Chief Financial Officer (Age 59)
- Mr. Mark D. Andrews CA, CFA, Corp. Sec. (Age 45)
- Mr. R. Clark Wood, VP & Chief Accounting Officer (Age 46)
- Mr. Sri Valleru, Chief Information & Procurement Officer and VP
Has Nabors Industries been receiving favorable news coverage?
Media stories about NBR stock have trended somewhat positive on Friday, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nabors Industries earned a news sentiment score of 0.23 on Accern's scale. They also assigned headlines about the oil and gas company an impact score of 45.61 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Nabors Industries' major shareholders?
Nabors Industries' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.79%), Dimensional Fund Advisors LP (8.43%), Van ECK Associates Corp (5.30%), Millennium Management LLC (4.67%), Thunderbird Partners LLP (1.72%) and Victory Capital Management Inc. (1.25%). Company insiders that own Nabors Industries stock include Martin Walter and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.
Which institutional investors are selling Nabors Industries stock?
NBR stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Point72 Asset Management L.P., Thrivent Financial for Lutherans, Arosa Capital Management LP, Mitchell Group Inc., Wedge Capital Management L L P NC, California Public Employees Retirement System and JPMorgan Chase & Co.. View Insider Buying and Selling for Nabors Industries.
Which institutional investors are buying Nabors Industries stock?
NBR stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Dimensional Fund Advisors LP, Centenus Global Management LP, A.R.T. Advisors LLC, Susquehanna Fundamental Investments LLC, Van ECK Associates Corp, SCP Investment LP and Engineers Gate Manager LP. Company insiders that have bought Nabors Industries stock in the last two years include 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 $6.24.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $2.26 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.
How can I contact Nabors Industries?
Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON HM08 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 (NBR)
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.
