Nabors Industries (NYSE:NBR – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of ($1.47) 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 – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($2.52). The company had revenue of $742.98 million for the quarter, compared to analysts’ expectations of $737.91 million. Nabors Industries had a negative net margin of 4.73% and a negative return on equity of 28.10%. Nabors Industries’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.26) earnings per share. On average, analysts expect Nabors Industries to post $-12 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nabors Industries Price Performance
Shares of NBR opened at $73.09 on Monday. The firm has a market cap of $782.21 million, a PE ratio of -5.29 and a beta of 2.11. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 5.01. The firm has a fifty day simple moving average of $73.64 and a two-hundred day simple moving average of $75.55. Nabors Industries has a 1-year low of $59.67 and a 1-year high of $125.86.
Analyst Upgrades and Downgrades
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Nabors Industries Company Profile
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.
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