Nabors Industries Ltd. (NYSE:NBR) Declares Quarterly Dividend of $0.01
Nabors Industries Ltd. (NYSE:NBR) announced a quarterly dividend on Thursday, December 5th, Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.01 per share by the oil and gas company on Friday, January 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of NYSE NBR traded up $0.22 during midday trading on Friday, hitting $2.31. 5,081,765 shares of the company traded hands, compared to its average volume of 11,940,542. Nabors Industries has a 12-month low of $1.50 and a 12-month high of $4.08. The firm has a market cap of $750.45 million, a P/E ratio of -1.83 and a beta of 2.79. The stock has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.18. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 2.02.
Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.09). The company had revenue of $758.08 million during the quarter, compared to analysts’ expectations of $777.69 million. Nabors Industries had a negative return on equity of 16.80% and a negative net margin of 20.02%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) earnings per share. As a group, equities analysts expect that Nabors Industries will post -1.34 earnings per share for the current year.
About Nabors Industries
Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. It operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services.
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