Nabors Industries (NBR) to Release Quarterly Earnings on Tuesday

Nabors Industries (NYSE:NBRGet Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Nabors Industries to post earnings of ($1.47) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Nabors Industries (NYSE:NBRGet Free Report) last released its earnings results on Tuesday, July 23rd. The oil and gas company reported ($4.29) EPS for the quarter, missing analysts’ consensus estimates of ($1.77) by ($2.52). Nabors Industries had a negative net margin of 4.73% and a negative return on equity of 28.10%. The firm had revenue of $742.98 million during the quarter, compared to analysts’ expectations of $737.91 million. During the same quarter in the previous year, the business earned ($2.26) EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts expect Nabors Industries to post $-12 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nabors Industries Stock Down 3.0 %

NBR stock opened at $77.58 on Tuesday. Nabors Industries has a twelve month low of $59.67 and a twelve month high of $127.56. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 5.01. The firm has a market cap of $830.26 million, a PE ratio of -5.62 and a beta of 2.11. The business has a 50 day moving average of $74.03 and a 200 day moving average of $75.83.

Wall Street Analyst Weigh In

NBR has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $114.00 target price on shares of Nabors Industries in a report on Thursday, July 25th. Citigroup downgraded Nabors Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $75.00 in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Nabors Industries currently has a consensus rating of “Hold” and an average target price of $104.50.

Check Out Our Latest Analysis on NBR

Nabors Industries Company Profile

(Get Free Report)

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.

Further Reading

Earnings History for Nabors Industries (NYSE:NBR)

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