Nabors Industries Ltd. (NYSE:NBR) will issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of ($0.34) per share for the quarter.

Nabors Industries (NYSE:NBR) last released its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.16. Nabors Industries had a negative net margin of 36.49% and a negative return on equity of 11.57%. The company had revenue of $563 million during the quarter, compared to analysts’ expectations of $569.96 million. During the same period last year, the business earned ($0.29) earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. On average, analysts expect Nabors Industries to post $-1.37 EPS for the current fiscal year and $-0.45 EPS for the next fiscal year.

Shares of Nabors Industries Ltd. (NYSE NBR) traded down 1.079% during mid-day trading on Thursday, hitting $7.795. The stock had a trading volume of 3,443,616 shares. The company’s market cap is $2.23 billion. Nabors Industries Ltd. has a one year low of $6.93 and a one year high of $18.40. The firm’s 50 day moving average price is $7.93 and its 200-day moving average price is $11.91.

In other news, CFO William J. Restrepo bought 22,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $8.25 per share, for a total transaction of $181,500.00. Following the completion of the acquisition, the chief financial officer now owns 959,694 shares in the company, valued at approximately $7,917,475.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.10% of the company’s stock.

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NBR has been the subject of a number of research analyst reports. Credit Suisse Group reissued a “buy” rating and set a $21.00 target price on shares of Nabors Industries in a research report on Thursday, March 30th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 target price on shares of Nabors Industries in a research report on Monday, April 3rd. Instinet raised shares of Nabors Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $17.00 in a research report on Wednesday, April 5th. Nomura raised shares of Nabors Industries from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 5th. Finally, BMO Capital Markets set a $15.00 target price on shares of Nabors Industries and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.93.

Nabors Industries Company Profile

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

Earnings History for Nabors Industries (NYSE:NBR)

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