Nabors Industries Ltd. (NYSE:NBR) to Release Quarterly Earnings on Wednesday
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.
ILLEGAL ACTIVITY WARNING: “Nabors Industries Ltd. (NYSE:NBR) to Release Quarterly Earnings on Wednesday” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/27/nabors-industries-ltd-nysenbr-to-release-quarterly-earnings-on-wednesday.html.
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.
Receive News & Ratings for Nabors Industries Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nabors Industries Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.