Wall Street brokerages predict that Nabors Industries Ltd. (NYSE:NBR) will post earnings per share (EPS) of ($0.32) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Nabors Industries’ earnings, with estimates ranging from ($0.37) to ($0.26). Nabors Industries reported earnings of ($0.30) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The firm is scheduled to announce its next earnings report on Wednesday, February 28th.

On average, analysts expect that Nabors Industries will report full year earnings of ($1.63) per share for the current year, with EPS estimates ranging from ($1.73) to ($1.53). For the next financial year, analysts forecast that the company will report earnings of ($0.73) per share, with EPS estimates ranging from ($1.00) to ($0.15). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Nabors Industries.

Nabors Industries (NYSE:NBR) last released its earnings results on Tuesday, October 24th. The oil and gas company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09). The firm had revenue of $662.50 million for the quarter, compared to the consensus estimate of $674.03 million. Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.55) EPS.

A number of research firms have recently weighed in on NBR. Seaport Global Securities restated a “buy” rating and set a $13.00 target price on shares of Nabors Industries in a research report on Thursday. JPMorgan Chase & Co. downgraded Nabors Industries from an “overweight” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Wednesday. UBS Group dropped their target price on Nabors Industries from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Cowen set a $9.00 target price on Nabors Industries and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Citigroup set a $10.00 target price on Nabors Industries and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.89.

Nabors Industries (NYSE NBR) traded down $0.26 during mid-day trading on Thursday, hitting $7.99. The stock had a trading volume of 11,081,805 shares, compared to its average volume of 14,219,233. The company has a market capitalization of $2,540.00, a P/E ratio of -2.98 and a beta of 1.59. Nabors Industries has a 12 month low of $5.32 and a 12 month high of $17.92. The company has a current ratio of 1.41, a quick ratio of 1.27 and a debt-to-equity ratio of 1.35.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.24 dividend on an annualized basis and a yield of 3.00%. Nabors Industries’s payout ratio is -8.96%.

A number of large investors have recently bought and sold shares of the business. Oakbrook Investments LLC acquired a new position in Nabors Industries in the fourth quarter valued at about $103,000. Fox Run Management L.L.C. acquired a new position in Nabors Industries in the fourth quarter valued at about $347,000. Schwab Charles Investment Management Inc. grew its stake in Nabors Industries by 33.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,663,700 shares of the oil and gas company’s stock valued at $11,364,000 after acquiring an additional 412,567 shares during the period. Creative Planning grew its stake in Nabors Industries by 93.9% in the fourth quarter. Creative Planning now owns 474,982 shares of the oil and gas company’s stock valued at $3,244,000 after acquiring an additional 230,005 shares during the period. Finally, Bank of Montreal Can grew its stake in Nabors Industries by 36.4% in the fourth quarter. Bank of Montreal Can now owns 200,453 shares of the oil and gas company’s stock valued at $1,369,000 after acquiring an additional 53,498 shares during the period. 87.79% of the stock is owned by hedge funds and other institutional investors.

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About Nabors Industries

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.

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

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