Equities analysts expect Nabors Industries Ltd. (NYSE:NBR) to report $710.12 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Nabors Industries’ earnings. The lowest sales estimate is $689.00 million and the highest is $729.00 million. Nabors Industries reported sales of $539.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Nabors Industries will report full-year sales of $710.12 million for the current year, with estimates ranging from $2.55 billion to $2.59 billion. For the next year, analysts expect that the firm will post sales of $3.25 billion per share, with estimates ranging from $3.00 billion to $3.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Nabors Industries.
Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.09). Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. The company had revenue of $662.50 million for the quarter, compared to the consensus estimate of $674.03 million. During the same quarter last year, the business earned ($0.55) earnings per share. Nabors Industries’s revenue was up 27.4% compared to the same quarter last year.
Shares of Nabors Industries (NBR) traded up $0.18 on Thursday, hitting $7.05. The stock had a trading volume of 11,900,000 shares, compared to its average volume of 10,578,500. Nabors Industries has a 52 week low of $5.32 and a 52 week high of $18.40. The company has a quick ratio of 1.27, a current ratio of 1.41 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2,090.00, a P/E ratio of -2.63 and a beta of 1.59.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.24 dividend on an annualized basis and a yield of 3.40%. Nabors Industries’s dividend payout ratio (DPR) is presently -8.96%.
Institutional investors have recently made changes to their positions in the business. Brave Asset Management Inc. acquired a new stake in Nabors Industries in the third quarter valued at approximately $101,000. Frontier Wealth Management LLC boosted its position in shares of Nabors Industries by 11.4% during the second quarter. Frontier Wealth Management LLC now owns 12,561 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 1,284 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Nabors Industries during the third quarter valued at approximately $115,000. Clear Harbor Asset Management LLC purchased a new position in shares of Nabors Industries during the third quarter valued at approximately $121,000. Finally, M&T Bank Corp boosted its position in shares of Nabors Industries by 6.0% during the second quarter. M&T Bank Corp now owns 16,320 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 925 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.
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.
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