Nabors Industries (NBR) to Release Earnings on Tuesday

Nabors Industries (NYSE:NBR) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 23rd. Analysts expect Nabors Industries to post earnings of ($1.81) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.24) by ($2.92). The firm had revenue of $743.91 million during the quarter, compared to analyst estimates of $730.59 million. Nabors Industries had a negative net margin of 3.45% and a negative return on equity of 23.52%. On average, analysts expect Nabors Industries to post $-7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nabors Industries Price Performance

Shares of NBR stock opened at $82.08 on Monday. Nabors Industries has a twelve month low of $59.90 and a twelve month high of $141.47. The company has a market capitalization of $878.26 million, a PE ratio of -5.94 and a beta of 2.22. The company has a current ratio of 1.78, a quick ratio of 1.53 and a debt-to-equity ratio of 4.81. The firm has a fifty day simple moving average of $71.95 and a 200-day simple moving average of $77.79.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NBR. Susquehanna dropped their target price on Nabors Industries from $88.00 to $79.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Benchmark restated a “hold” rating on shares of Nabors Industries in a report on Thursday, April 25th. Finally, Citigroup reduced their target price on Nabors Industries from $95.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.50.

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.