Nabors Industries (NYSE:NBR – Get Free Report) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Nabors Industries to post earnings of ($1.98) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Nabors Industries (NYSE:NBR – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($1.54) by ($2.30). The business had revenue of $737.84 million for the quarter, compared to analyst estimates of $749.52 million. Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. On average, analysts expect Nabors Industries to post $-6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Nabors Industries Trading Down 0.7 %
NYSE NBR opened at $76.53 on Monday. The firm has a market cap of $724.74 million, a P/E ratio of -14.83 and a beta of 2.33. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.23. The stock’s 50-day moving average is $83.33 and its 200-day moving average is $88.05. Nabors Industries has a one year low of $71.42 and a one year high of $141.47.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research firms have recently commented on NBR. Morgan Stanley dropped their price target on Nabors Industries from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Benchmark downgraded Nabors Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Susquehanna reiterated a “neutral” rating and set a $88.00 price objective on shares of Nabors Industries in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Nabors Industries presently has an average rating of “Hold” and a consensus target price of $129.60.
Get Our Latest Stock Analysis on Nabors Industries
About Nabors Industries
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.
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