Nabors Industries (NYSE:NBR – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, April 27th. Analysts expect Nabors Industries to post earnings of ($10.53) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Nabors Industries (NYSE:NBR – Get Rating) last issued its quarterly earnings results on Tuesday, February 8th. The oil and gas company reported ($14.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($10.98) by ($3.62). Nabors Industries had a negative net margin of 28.19% and a negative return on equity of 54.43%. The business had revenue of $543.70 million during the quarter, compared to analyst estimates of $550.96 million. During the same period in the prior year, the business posted ($23.82) earnings per share. On average, analysts expect Nabors Industries to post $-28 EPS for the current fiscal year and $-11 EPS for the next fiscal year.
NYSE NBR opened at $193.67 on Wednesday. The business’s 50-day simple moving average is $149.21. Nabors Industries has a twelve month low of $65.58 and a twelve month high of $207.67. The firm has a market cap of $1.66 billion, a PE ratio of -2.51 and a beta of 3.06. The company has a quick ratio of 2.65, a current ratio of 2.89 and a debt-to-equity ratio of 4.54.
A number of brokerages have recently commented on NBR. StockNews.com initiated coverage on Nabors Industries in a report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley increased their price target on shares of Nabors Industries from $100.00 to $150.00 and gave the company an “underweight” rating in a report on Monday, April 11th. Citigroup lowered shares of Nabors Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $115.00 in a research report on Monday, March 14th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Nabors Industries in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Nabors Industries presently has a consensus rating of “Hold” and an average target price of $120.00.
About Nabors Industries (Get Rating)
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software.
- Get a free copy of the StockNews.com research report on Nabors Industries (NBR)
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