NYSE:NBRNabors Industries Stock Price, Forecast & News

Nabors Industries' stock was trading at $0.3966 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NBR stock has increased by 9,763.8% and is now trading at $39.12. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 8 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nabors Industries.

Nabors Industries is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Nabors Industries.

Nabors Industries Ltd. (NYSE:NBR) announced its quarterly earnings data on Thursday, February, 20th. The oil and gas company reported ($38.50) EPS for the quarter, missing the Zacks' consensus estimate of ($13.50) by $25.00. The oil and gas company had revenue of $715.80 million for the quarter, compared to analyst estimates of $746.32 million. Nabors Industries had a negative net margin of 33.01% and a negative return on equity of 20.73%. The business's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($27.50) earnings per share. View Nabors Industries' earnings history.

Nabors Industries announced a quarterly dividend on Thursday, February 20th. Investors of record on Thursday, March 12th will be given a dividend of $0.50 per share on Thursday, April 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Wednesday, March 11th. This is a boost from Nabors Industries's previous quarterly dividend of $0.01. View Nabors Industries' dividend history.

Nabors Industries's stock reverse split before market open on Thursday, April 23rd 2020. The 1-50 reverse split was announced on Monday, April 20th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 22nd 2020. An investor that had 100 shares of Nabors Industries stock prior to the reverse split would have 2 shares after the split.

17 Wall Street analysts have issued 12-month price targets for Nabors Industries' stock. Their forecasts range from $15.00 to $150.00. On average, they anticipate Nabors Industries' share price to reach $76.50 in the next twelve months. This suggests a possible upside of 95.6% from the stock's current price. View analysts' price targets for Nabors Industries.

News stories about NBR stock have trended very positive on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nabors Industries earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned news stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutNabors Industries.

Nabors Industries saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, a drop of 96.8% from the April 30th total of 46,220,000 shares. Based on an average daily volume of 400,400 shares, the days-to-cover ratio is currently 3.7 days. Approximately 19.4% of the company's stock are sold short. View Nabors Industries' Current Options Chain.

Some companies that are related to Nabors Industries include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Unit (UNT), Pioneer Energy Services (PESXQ), Diamond Offshore Drilling (DO) and Vantage Drilling (VTGDF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nabors Industries investors own include Bank of America (BAC), Enterprise Products Partners (EPD), General Electric (GE), Intelsat (I), Transocean (RIG), AT&T (T), Encana (ECA), Marathon Oil (MRO), Micron Technology (MU) and Fossil Group (FOSL).

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

Nabors Industries' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (631.68%), State Street Corp (178.60%), Van ECK Associates Corp (122.04%), Geode Capital Management LLC (56.84%), Bank of New York Mellon Corp (54.15%) and Two Sigma Investments LP (42.47%). Company insiders that own Nabors Industries stock include John P Kotts, John Yearwood, Tanya S Beder and William J Restrepo. View institutional ownership trends for Nabors Industries.

NBR stock was sold by a variety of institutional investors in the last quarter, including Public Sector Pension Investment Board, KBC Group NV, Parametric Portfolio Associates LLC, BlackRock Inc., State Street Corp, Nuveen Asset Management LLC, First Trust Advisors LP, and Raymond James Financial Services Advisors Inc.. View insider buying and selling activity for Nabors Industries.

NBR stock was purchased by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, JPMorgan Chase & Co., Two Sigma Investments LP, Two Sigma Advisers LP, Quantitative Investment Management LLC, AQR Capital Management LLC, RBF Capital LLC, and GSA Capital Partners LLP. Company insiders that have bought Nabors Industries stock in the last two years include John P Kotts, John Yearwood, Tanya S Beder, and William J Restrepo. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of NBR stock can currently be purchased for approximately $39.12.

Nabors Industries has a market capitalization of $328.22 million and generates $3.05 billion in revenue each year. The oil and gas company earns $-702,890,000.00 in net income (profit) each year or ($66.00) on an earnings per share basis. Nabors Industries employs 14,000 workers across the globe.

The official website for Nabors Industries is www.nabors.com.

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 [email protected]