Nabors Industries (NYSE:NBR) is scheduled to release its earnings data after the market closes on Tuesday, April 24th. Analysts expect Nabors Industries to post earnings of ($0.27) per share for the quarter.

Nabors Industries (NYSE:NBR) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.01). The company had revenue of $708.28 million for the quarter, compared to the consensus estimate 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 for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) EPS. On average, analysts expect Nabors Industries to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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Shares of Nabors Industries stock opened at $7.50 on Tuesday. The company has a market cap of $2,391.78, a price-to-earnings ratio of -4.60 and a beta of 1.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.57 and a quick ratio of 1.39. Nabors Industries has a 12-month low of $5.32 and a 12-month high of $12.94.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Tuesday, March 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 3.20%. Nabors Industries’s payout ratio is currently -14.72%.

A number of brokerages have issued reports on NBR. Stephens began coverage on Nabors Industries in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $8.00 target price for the company. Cowen reaffirmed a “buy” rating and set a $10.00 target price on shares of Nabors Industries in a research report on Friday. Zacks Investment Research raised Nabors Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine cut Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of Nabors Industries in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Nabors Industries presently has a consensus rating of “Hold” and an average target price of $10.14.

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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., Canada, International, Drilling Solutions, and Rig Technologies. The company offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services.

Earnings History for Nabors Industries (NYSE:NBR)

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