Nabors Industries Ltd. (NYSE:NBR) – SunTrust Banks lowered their Q1 2018 earnings per share estimates for Nabors Industries in a research note issued on Wednesday. SunTrust Banks analyst K. Sill now expects that the oil and gas company will earn ($0.30) per share for the quarter, down from their previous estimate of ($0.27). SunTrust Banks also issued estimates for Nabors Industries’ Q2 2018 earnings at ($0.26) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.12) EPS, FY2018 earnings at ($0.87) EPS, Q1 2019 earnings at ($0.07) EPS, Q2 2019 earnings at ($0.06) EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at ($0.09) EPS.
Nabors Industries (NYSE:NBR) last released its earnings results on Tuesday, February 27th. The oil and gas company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.01). The firm had revenue of $708.28 million during the quarter, compared to analysts’ expectations of $706.35 million. Nabors Industries had a negative return on equity of 15.56% and a negative net margin of 21.32%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.30) earnings per share.
Shares of Nabors Industries (NYSE NBR) opened at $7.12 on Monday. The company has a market cap of $2,260.00, a P/E ratio of -5.24 and a beta of 1.68. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 1.37. Nabors Industries has a 12 month low of $5.32 and a 12 month high of $14.28.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 3.37%. Nabors Industries’s payout ratio is -17.65%.
Several large investors have recently bought and sold shares of NBR. First Trust Advisors LP lifted its holdings in shares of Nabors Industries by 12.5% during the 3rd quarter. First Trust Advisors LP now owns 176,106 shares of the oil and gas company’s stock valued at $1,421,000 after acquiring an additional 19,625 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Nabors Industries by 89.1% during the 3rd quarter. Aperio Group LLC now owns 240,130 shares of the oil and gas company’s stock valued at $1,938,000 after acquiring an additional 113,141 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Nabors Industries by 41.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,155 shares of the oil and gas company’s stock valued at $582,000 after acquiring an additional 21,085 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Nabors Industries during the 3rd quarter valued at $198,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Nabors Industries by 278.9% during the 3rd quarter. Prudential Financial Inc. now owns 3,960,689 shares of the oil and gas company’s stock valued at $31,963,000 after acquiring an additional 2,915,370 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.
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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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