Nabors Industries (NBR) Expected to Announce Quarterly Earnings on Wednesday

Nabors Industries (NYSE:NBR) is projected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Nabors Industries to post earnings of ($1.86) per share and revenue of $739.35 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Nabors Industries Stock Performance

Shares of NBR opened at $58.61 on Wednesday. Nabors Industries has a 52 week low of $50.15 and a 52 week high of $105.96. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.43. The stock has a market cap of $627.75 million, a P/E ratio of -3.19 and a beta of 2.02. The business’s 50 day moving average price is $62.52 and its 200-day moving average price is $71.66.

Wall Street Analysts Forecast Growth

NBR has been the topic of a number of recent research reports. Evercore ISI cut their target price on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating on the stock in a research note on Thursday, October 24th. Citigroup increased their price objective on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Barclays decreased their target price on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Finally, Susquehanna decreased their price objective on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Nabors Industries has a consensus rating of “Hold” and a consensus target price of $97.00.

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.