NBR is expected to report improved revenues in Q3 earnings. However, due to increased depreciation and amortization, a lower bottom line is anticipated.
Nabors Industries agreed to acquire Parker Wellbore: A move to strengthen global drilling services.
Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
U.S. drilling activity is challenged, but Nabors maintains pricing power due to its superior rigs. Nabors also derives half of its revenue from international markets that have been much more robust. The leverage is high, but debt is not a problem in the near term.
NBR offers an appealing valuation with strong cash generation. Yet, high debt, market fluctuations and geopolitical risks should temper investors' enthusiasm.
Nabors (NBR) anticipates third-quarter 2024 capital expenditures to range between $190 and $200 million, including $80 to $85 million allocated for new projects in Saudi Arabia.
Nabors Industries (NBR) came out with a quarterly loss of $4.29 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $2.26 per share a year ago.
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, SDRL and NBR.
Nabors (NBR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nabors (NBR) reported earnings 30 days ago. What's next for the stock?