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About Nabors Industries (NYSE:NBR)
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-4.47
Forward P/E Ratio-8.99
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.57 billion
Price / Sales0.90
Cash Flow$1.1857 per share
Price / Cash6.14
Book Value$8.62 per share
Price / Book0.84
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 Shares317,420,000
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 announced a quarterly dividend on Friday, April 20th. Shareholders 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 annualized dividend and a yield of 3.30%. 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) announced its quarterly earnings results on Tuesday, May, 1st. The oil and gas company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $0.01. The oil and gas company had revenue of $734.66 million for the quarter, compared to analysts' expectations of $763.99 million. Nabors Industries had a negative net margin of 19.81% and a negative return on equity of 14.45%. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
What price target have analysts set for NBR?
21 Wall Street analysts have issued 12 month price targets for Nabors Industries' shares. Their forecasts range from $6.00 to $18.00. On average, they expect Nabors Industries' share price to reach $9.7250 in the next twelve months. View Analyst Ratings for Nabors Industries.
Are investors shorting Nabors Industries?
Nabors Industries saw a decline in short interest during the month of April. As of April 30th, there was short interest totalling 39,104,204 shares, a decline of 6.2% from the April 13th total of 41,702,268 shares. Based on an average trading volume of 6,716,985 shares, the days-to-cover ratio is currently 5.8 days. Currently, 11.5% of the shares of the stock are short sold.
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), Diamond Offshore Drilling (DO), Ocean Rig (ORIG), 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 headlines about NBR stock have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nabors Industries earned a media sentiment score of 0.01 on Accern's scale. They also assigned headlines about the oil and gas company an impact score of 45.80 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Nabors Industries' major shareholders?
Nabors Industries' stock is owned by a variety of of institutional and retail investors. Top institutional investors 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 purchased 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 $7.28.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $2.48 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.
Nabors Industries (NYSE:NBR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
21 Wall Street analysts have issued ratings and price targets for Nabors Industries in the last 12 months. Their average twelve-month price target is $9.7250, suggesting that the stock has a possible upside of 33.59%. The high price target for NBR is $18.00 and the low price target for NBR is $6.00. There are currently 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.62 | 2.64 | 2.67 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
8 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $9.7250 | $10.1429 | $10.8913 | $11.2955 |
| Price Target Upside: | 33.59% upside | 32.24% upside | 32.02% upside | 80.44% upside |
Nabors Industries (NYSE:NBR) Consensus Price Target History
Nabors Industries (NYSE:NBR) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Nabors Industries (NYSE:NBR) Dividend Information
Nabors Industries pays an annual dividend of $0.24 per share, with a dividend yield of 3.30%. NBR's next quarterly dividend payment will be made on Tuesday, July 3. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 6.30% each year. Nabors Industries pays out -14.72% of its earnings out as a dividend.
| Next Dividend: | 7/3/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 3.30% |
| Dividend Growth: | 6.30% (3 Year Average) |
| Payout Ratio(s): | -14.72% (Trailing 12 Months of Earnings)
-29.63% (Based on This Year's Estimates)
-218.18% (Based on Next Year's Estimates)
20.24% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Nabors Industries (NYSE:NBR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/20/2018 | Quarterly | $0.06 | 3.11% | 6/11/2018 | 6/12/2018 | 7/3/2018 |
| 2/28/2018 | quarterly | $0.06 | 3.71% | 3/12/2018 | 3/13/2018 | 4/3/2018 |
| 10/28/2017 | Quarterly | $0.06 | 4.07% | 12/12/2017 | 12/13/2017 | 1/3/2018 |
| 8/2/2017 | Quarterly | $0.06 | 3.68% | 9/11/2017 | 9/12/2017 | 10/3/2017 |
| 4/26/2017 | Quarterly | $0.06 | 2.82% | 6/12/2017 | 6/14/2017 | 7/5/2017 |
| 2/23/2017 | Quarterly | $0.06 | 1.64% | 3/10/2017 | 3/14/2017 | 4/4/2017 |
| 10/28/2016 | | $0.06 | | 12/12/2016 | 12/14/2016 | 1/17/2017 |
| 11/1/2016 | quarterly | $0.06 | 2.03% | 12/12/2016 | 12/14/2016 | 1/4/2017 |
| 8/2/2016 | quarterly | $0.06 | 2.76% | 9/9/2016 | 9/13/2016 | 10/4/2016 |
| 5/3/2016 | quarterly | $0.06 | 2.67% | 6/8/2016 | 6/10/2016 | 7/1/2016 |
| 2/23/2016 | Quarterly | $0.06 | | 3/8/2016 | 3/10/2016 | 3/31/2016 |
| 11/6/2015 | quarterly | $0.06 | 2.32% | 12/8/2015 | 12/10/2015 | 12/31/2015 |
| 7/28/2015 | quarterly | $0.06 | 2.06% | 9/4/2015 | 9/9/2015 | 9/30/2015 |
| 4/30/2015 | quarterly | $0.06 | 1.44% | 6/5/2015 | 6/9/2015 | 6/30/2015 |
| 2/24/2015 | quarterly | $0.06 | 1.86% | 3/6/2015 | 3/10/2015 | 3/31/2015 |
| 10/28/2014 | quarterly | $0.06 | 1.36% | 12/8/2014 | 12/10/2014 | 12/31/2014 |
| 7/24/2014 | quarterly | $0.06 | 0.81% | 9/5/2014 | 9/9/2014 | 9/30/2014 |
| 4/29/2014 | quarterly | $0.04 | 0.64% | 6/5/2014 | 6/9/2014 | 6/30/2014 |
| 2/24/2014 | quarterly | $0.04 | 0.72% | 3/6/2014 | 3/10/2014 | 3/31/2014 |
| 11/8/2013 | quarterly | $0.04 | 0.89% | 12/6/2013 | 12/10/2013 | 12/31/2013 |
| 8/2/2013 | quarterly | $0.04 | 1.02% | 9/4/2013 | 9/6/2013 | 9/27/2013 |
| 5/3/2013 | quarterly | $0.04 | 1.04% | 6/5/2013 | 6/7/2013 | 6/28/2013 |
| 2/28/2013 | special | $0.04 | | 3/7/2013 | 3/11/2013 | 3/28/2013 |
| 2/27/2013 | quarterly | $0.04 | | | 3/11/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Nabors Industries (NYSE NBR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.15%
Institutional Ownership Percentage: 97.25%
Nabors Industries (NYSE NBR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/27/2017 | Martin Walter | Insider | Buy | 7,000 | $0.28 | $1,960.00 | | |
| 9/26/2017 | Martin Walter | Insider | Buy | 10,500 | $0.24 | $2,520.00 | | |
| 5/30/2017 | William J Restrepo | CFO | Buy | 22,000 | $8.25 | $181,500.00 | 959,694 |  |
| 5/4/2017 | William J Restrepo | CFO | Buy | 22,000 | $9.43 | $207,460.00 | 939,694 | |
| 4/28/2016 | Howard Wolf | Director | Buy | 15,000 | $9.78 | $146,700.00 | 79,000 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Nabors Industries (NYSE NBR) News Headlines
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Nabors Industries (NYSE:NBR) SEC Filings
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Nabors Industries (NYSE:NBR) Income Statement, Balance Sheet and Cash Flow Statement
Nabors Industries (NYSE NBR) Stock Chart for Saturday, May, 26, 2018
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