Nabors Industries (NBR) to Release Quarterly Earnings on Wednesday

Nabors Industries (NYSE:NBR) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($1.98) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings data 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). Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%. The firm had revenue of $737.84 million during the quarter, compared to the consensus estimate of $749.52 million. 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 Stock Performance

Shares of NBR opened at $76.08 on Tuesday. The firm has a 50-day moving average of $83.27 and a 200-day moving average of $87.84. Nabors Industries has a one year low of $71.42 and a one year high of $141.47. The company has a market cap of $720.48 million, a PE ratio of -14.74 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Susquehanna reiterated a “neutral” rating and issued a $88.00 price objective on shares of Nabors Industries in a research note on Monday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $129.60.

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.