Nabors Industries Ltd. (NBR) Forecasted to Post Q3 2017 Earnings of ($0.32) Per Share

Nabors Industries Ltd. (NYSE:NBR) – Jefferies Group cut their Q3 2017 EPS estimates for Nabors Industries in a research note issued to investors on Monday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings per share of ($0.32) for the quarter, down from their prior forecast of ($0.30). Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Nabors Industries’ Q4 2017 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.20) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.90) EPS, FY2019 earnings at ($0.10) EPS and FY2020 earnings at $0.50 EPS.

A number of other analysts also recently weighed in on NBR. Deutsche Bank AG assumed coverage on shares of Nabors Industries in a report on Tuesday, October 10th. They issued a “hold” rating and a $9.00 target price on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Nabors Industries in a report on Friday, August 4th. Cowen and Company cut their price target on shares of Nabors Industries from $13.00 to $10.50 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Credit Suisse Group set a $9.00 price target on shares of Nabors Industries and gave the company a “buy” rating in a report on Thursday, August 10th. They noted that the move was a valuation call. Finally, Evercore ISI reiterated an “outperform” rating and set a $18.00 price target on shares of Nabors Industries in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. Nabors Industries currently has a consensus rating of “Buy” and a consensus target price of $12.05.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/18/nabors-industries-ltd-nbr-forecasted-to-post-q3-2017-earnings-of-0-32-per-share.html.

Shares of Nabors Industries (NBR) opened at 7.32 on Wednesday. Nabors Industries has a 52-week low of $6.18 and a 52-week high of $18.40. The stock’s market capitalization is $2.09 billion. The firm’s 50-day moving average is $7.41 and its 200 day moving average is $8.68.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.03). Nabors Industries had a negative net margin of 32.35% and a negative return on equity of 13.31%. The business had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $589.79 million. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.28%. The ex-dividend date was Monday, September 11th. Nabors Industries’s payout ratio is -9.41%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bollard Group LLC lifted its holdings in Nabors Industries by 1.2% during the second quarter. Bollard Group LLC now owns 312,179 shares of the oil and gas company’s stock valued at $2,541,000 after purchasing an additional 3,816 shares in the last quarter. Mitchell Group Inc. lifted its stake in shares of Nabors Industries by 52.0% in the second quarter. Mitchell Group Inc. now owns 2,704,490 shares of the oil and gas company’s stock worth $22,015,000 after buying an additional 925,140 shares in the last quarter. Paloma Partners Management Co lifted its stake in shares of Nabors Industries by 117.2% in the first quarter. Paloma Partners Management Co now owns 68,892 shares of the oil and gas company’s stock worth $901,000 after buying an additional 37,175 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Nabors Industries by 4.3% in the second quarter. Teacher Retirement System of Texas now owns 23,815 shares of the oil and gas company’s stock worth $194,000 after buying an additional 979 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Nabors Industries by 1.5% in the second quarter. Arizona State Retirement System now owns 120,500 shares of the oil and gas company’s stock worth $981,000 after buying an additional 1,800 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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 inte

Nabors Industries Ltd. (NYSE:NBR) – Jefferies Group cut their Q3 2017 EPS estimates for Nabors Industries in a research note issued to investors on Monday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings per share of ($0.32) for the quarter, down from their prior forecast of ($0.30). Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Nabors Industries’ Q4 2017 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.20) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.90) EPS, FY2019 earnings at ($0.10) EPS and FY2020 earnings at $0.50 EPS.

A number of other analysts also recently weighed in on NBR. Deutsche Bank AG assumed coverage on shares of Nabors Industries in a report on Tuesday, October 10th. They issued a “hold” rating and a $9.00 target price on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Nabors Industries in a report on Friday, August 4th. Cowen and Company cut their price target on shares of Nabors Industries from $13.00 to $10.50 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Credit Suisse Group set a $9.00 price target on shares of Nabors Industries and gave the company a “buy” rating in a report on Thursday, August 10th. They noted that the move was a valuation call. Finally, Evercore ISI reiterated an “outperform” rating and set a $18.00 price target on shares of Nabors Industries in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. Nabors Industries currently has a consensus rating of “Buy” and a consensus target price of $12.05.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/18/nabors-industries-ltd-nbr-forecasted-to-post-q3-2017-earnings-of-0-32-per-share.html.

Shares of Nabors Industries (NBR) opened at 7.32 on Wednesday. Nabors Industries has a 52-week low of $6.18 and a 52-week high of $18.40. The stock’s market capitalization is $2.09 billion. The firm’s 50-day moving average is $7.41 and its 200 day moving average is $8.68.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.03). Nabors Industries had a negative net margin of 32.35% and a negative return on equity of 13.31%. The business had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $589.79 million. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.28%. The ex-dividend date was Monday, September 11th. Nabors Industries’s payout ratio is -9.41%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bollard Group LLC lifted its holdings in Nabors Industries by 1.2% during the second quarter. Bollard Group LLC now owns 312,179 shares of the oil and gas company’s stock valued at $2,541,000 after purchasing an additional 3,816 shares in the last quarter. Mitchell Group Inc. lifted its stake in shares of Nabors Industries by 52.0% in the second quarter. Mitchell Group Inc. now owns 2,704,490 shares of the oil and gas company’s stock worth $22,015,000 after buying an additional 925,140 shares in the last quarter. Paloma Partners Management Co lifted its stake in shares of Nabors Industries by 117.2% in the first quarter. Paloma Partners Management Co now owns 68,892 shares of the oil and gas company’s stock worth $901,000 after buying an additional 37,175 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Nabors Industries by 4.3% in the second quarter. Teacher Retirement System of Texas now owns 23,815 shares of the oil and gas company’s stock worth $194,000 after buying an additional 979 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Nabors Industries by 1.5% in the second quarter. Arizona State Retirement System now owns 120,500 shares of the oil and gas company’s stock worth $981,000 after buying an additional 1,800 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Nabors Industries (NYSE:NBR)

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