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
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:NBR
CUSIPG6359F10
Phone441-292-1510
Debt
Debt-to-Equity Ratio1.24
Current Ratio2.04
Quick Ratio1.84
Price-To-Earnings
Trailing P/E Ratio-3.66
Forward P/E Ratio-5.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.57 billion
Price / Sales0.83
Cash Flow$1.2702 per share
Price / Cash4.70
Book Value$9.25 per share
Price / Book0.65
Profitability
EPS (Most Recent Fiscal Year)($1.63)
Net Income$-546,810,000.00
Net Margins-21.21%
Return on Equity-14.97%
Return on Assets-5.29%
Miscellaneous
Employees15,000
Outstanding Shares357,460,000
Market Cap$2.13 billion
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, July 27th. Shareholders of record on Tuesday, September 11th will be paid a dividend of $0.06 per share on Tuesday, October 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Monday, September 10th. View Nabors Industries' Dividend History.
How were Nabors Industries' earnings last quarter?
Nabors Industries Ltd. (NYSE:NBR) issued its earnings results on Tuesday, July, 31st. The oil and gas company reported ($0.39) EPS for the quarter, missing the Zacks' consensus estimate of ($0.24) by $0.15. The oil and gas company had revenue of $761.92 million for the quarter, compared to analysts' expectations of $755.76 million. Nabors Industries had a negative net margin of 21.21% and a negative return on equity of 14.97%. The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.41) EPS. View Nabors Industries' Earnings History.
When is Nabors Industries' next earnings date?
How can I listen to Nabors Industries' earnings call?
Nabors Industries will be holding an earnings conference call on Wednesday, October 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.
What price target have analysts set for NBR?
17 analysts have issued 1 year target prices for Nabors Industries' stock. Their predictions range from $7.00 to $12.00. On average, they anticipate Nabors Industries' stock price to reach $9.1250 in the next year. This suggests a possible upside of 52.8% from the stock's current price. View Analyst Price Targets for Nabors Industries.
What is the consensus analysts' recommendation for Nabors Industries?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Nabors Industries.
Are investors shorting Nabors Industries?
Nabors Industries saw a drop in short interest in the month of September. As of September 28th, there was short interest totalling 49,800,390 shares, a drop of 12.5% from the September 14th total of 56,905,203 shares. Based on an average trading volume of 11,866,085 shares, the days-to-cover ratio is presently 4.2 days. Currently, 15.3% of the company's stock are sold short. 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), Ensco (ESV), Patterson-UTI Energy (PTEN), Ocean Rig UDW (ORIG), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Seadrill Partners (SDLP), Pioneer Energy Services (PES), Key Energy Services (KEG) and Independence Contract Drilling (ICD).
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
Who are Nabors Industries' major shareholders?
Nabors Industries' stock is owned by many different of retail and institutional investors. Top institutional investors include Deprince Race & Zollo Inc. (1.71%), Strs Ohio (0.66%), State of New Jersey Common Pension Fund D (0.47%), Aperio Group LLC (0.10%), Viking Fund Management LLC (0.08%) and Bank of Montreal Can (0.05%). Company insiders that own Nabors Industries stock include Martin Walter and William J Restrepo. View Institutional Ownership Trends for Nabors Industries.
Which major investors are selling Nabors Industries stock?
Which major investors are buying Nabors Industries stock?
NBR stock was bought by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., State of New Jersey Common Pension Fund D, Viking Fund Management LLC, Aperio Group LLC, Vanguard Capital Wealth Advisors and Jaffetilchin Investment Partners LLC. 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 $5.97.
How big of a company is Nabors Industries?
Nabors Industries has a market capitalization of $2.13 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.
What is Nabors Industries' official website?
How can I contact Nabors Industries?
Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08. The oil and gas company can be reached via phone at 441-292-1510 or via email at mark.andrews@nabors.com.
MarketBeat Community Rating for Nabors Industries (NYSE 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.
