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

Nabors Industries (NYSE:NBR) is expected 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Nabors Industries Trading Up 5.0 %

Shares of NBR opened at $54.67 on Tuesday. The business’s fifty day moving average is $61.07 and its 200-day moving average is $70.72. The firm has a market cap of $585.52 million, a price-to-earnings ratio of -2.97 and a beta of 2.02. Nabors Industries has a 52-week low of $50.15 and a 52-week high of $105.96. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NBR shares. Susquehanna lowered their price objective on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Citigroup upped their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price objective on shares of Nabors Industries in a research note on Wednesday, October 16th. Barclays lowered their target price on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Finally, Evercore ISI lowered their price objective on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.00.

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.