|Bid||6.03 x 36900|
|Ask||6.04 x 900|
|Day's Range||5.86 - 6.11|
|52 Week Range||5.32 - 8.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||0.24 (3.63%)|
|1y Target Est||9.58|
Yesterday, the EIA (U.S. Energy Information Administration) released its monthly short-term energy outlook report. It estimates that Libya’s crude oil production fell by 240,000 bpd (barrels per day) month-over-month to 750,000 bpd in June.
In the week ending July 6, Nabors Industries (NBR) decreased 1.9%. In comparison, the Energy Select Sector SPDR ETF (XLE), which tracks an index of US energy companies, fell 0.4%. NBR has underperformed the VanEck Vectors Oil Services ETF (OIH), which tracks an index of 25 oilfield equipment and service (or OFS) companies. OIH fell 0.4% in the past week. The SPDR S&P 500 ETF (SPY) went up 1.5%, while the SPDR S&P Oil & Gas Equipment & Services ETF (XES) declined 0.3%. Crude oil price and rig count
The EIA (U.S. Energy Information Administration) released its gasoline inventory data on July 5. The EIA reported that US gasoline inventories decreased by 1.5 MMbbls (million barrels) to 239.7 MMbbls on June 22–29. However, the inventories increased by 2,388,000 barrels or 1% YoY (year-over-year).
On a combined business basis, from Q1 2017 to Q1 2018, Baker Hughes’s (BHGE) Oilfield Services segment saw 12% higher revenues, followed by digital solutions with 4.4% revenue growth. On the other hand, its Oilfield Equipment and Turbomachinery & Process Solutions segments witnessed revenue declines of 7.3% and 11.2%, respectively, year-over-year in the first quarter. The Oilfield Services segment was the highest revenue contributor of ~50% of BHGE’s Q1 2018 revenues, followed by the Turbomachinery & Process Solutions segment with growth of 27%.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want a free Stock Review on SDRL sign up now at www.wallstequities.com/registration. The oil and gas drilling industry consists of companies that are engaged in oil and gas drilling services on a contract basis.
"The joint venture adds to NOV’s growing manufacturing footprint in the Middle East to better serve our customers in the region. This will create jobs and economic growth in both the Kingdom and in our operations around the globe, including the United States."
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. In the past 5 years Nabors Industries LtdRead More...
July WTI crude oil futures were trading above their 100-day and 200-day moving averages of $65.46 per barrel and $60.36 per barrel, respectively, on June 18. These levels could be key support levels for WTI oil prices.
NEW YORK, June 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CNH ...
HAMILTON, Bermuda, June 8, 2018 /PRNewswire/ -- Nabors Industries Ltd. (NBR) ("Nabors") announced today that, in connection with its recently completed offering of 35,000,000 of its common shares at a price to the public of $7.75 per share, the underwriters have exercised in full their option to purchase 5,250,000 additional common shares, par value $0.001 per share (the "Additional Shares"). The Additional Shares were offered only by means of a base prospectus and prospectus supplement, which are part of Nabors' effective shelf registration statement previously filed by Nabors with the Securities and Exchange Commission ("SEC").
On March 31, 2018, NBR’s net debt was $3.9 billion compared to $3.4 billion on March 31, 2017. Nabors Industries’ shareholders’ equity decreased 15% in Q1 2018 compared to Q1 2017. NBR’s net debt-to-equity
Baker Hughes, a GE company (BHGE), released its US crude oil rig count report on May 25, indicating that the US crude oil rig count rose by 15 to reach 859 between May 11 and 18—the highest level since March 13. The rig count was 137 (~19%) higher than a year ago. WTI crude oil prices have increased ~60% since June 21, 2017, while the iShares US Oil Equipment & Services ETF (IEZ) and the VanEck Vectors Oil Services ETF (OIH) have risen ~17.8% and ~15%, respectively.
This Friday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Drilling & Exploration equities: Nabors Industries Ltd (NYSE: NBR), Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR-A), Rowan Cos. PLC (NYSE: RDC), and Seadrill Ltd (NYSE: SDRL).All you have to do is sign up today for this free limited time offer by clicking the link below.
In this final part of the series, we’ll look at Wall Street’s targets for OFS (oilfield equipment and services) stocks that produced the lowest free cash flows (or FCF) in the first quarter. Approximately 13% of the Wall Street analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent as of May 18. Analysts’ consensus target price for NOV was $36.30 as of March 23.
Short interest in TechnipFMC (FTI) as a percentage of its float was 1.9% as of May 18 compared to 2% the previous year. Since May 18, 2017, short interest in FTI has decreased 6%. So investors’ negative bets on FTI have decreased in the past year. Since May 18, 2017, FTI stock has risen ~7%.
In this series, we’ve been looking at the lowest five OFS (oilfield equipment and services) companies by free cash flow (or FCF) for the first quarter. In this part, we’ll look at their stock returns for the past year.
Nabors Industries’ (NBR) cash flow from operating activities (or CFO) deteriorated sharply to -$81.7 million in the first quarter compared to the first quarter of 2017.
In this series, we’ll be looking at the lowest five free cash flow (or FCF) companies in the first quarter for the OFS (oilfield equipment and services) industry, excluding offshore drillers. We’ve selected OFS companies with market capitalizations of more than $100 million. Free cash flow is cash flow from operations less capex.
In the daily bar chart of NBR, below, we can see a well-defined saucer bottom pattern. The daily On-Balance-Volume (OBV) line starts an uptrend in late October just about at the halfway point of the base. In this weekly bar chart of NBR, below, we can see that prices are above the flat 40-week moving average line.
On May 10, Nabors Industries (NBR) announced the offering of 35 million common shares at $7.75 per share. It also priced the offering of its 5 million convertible preferred shares at $50 per share. In addition, both offerings allow the underwriters to purchase up to an additional 5.3 million common shares and 750,000 preferred shares.
Shares of Nabors Industries Ltd. sank 4.1% in very active premarket trade Thursday, after the oil services company announced the pricing of a relatively large common stock offering at a discount. The company said it priced an offering of 35 million common shares, which amounts to 11% of the shares outstanding as of April 27, at $7.75.
HAMILTON, Bermuda, May 10, 2018 /PRNewswire/ -- Nabors Industries Ltd. (NBR) ("Nabors") announced today the pricing of its offerings of 35,000,000 of its common shares at a price to the public of $7.75 per share and 5,000,000 of its new 6.00% mandatory convertible preferred shares, series A (the "mandatory convertible preferred shares") at a price to the public of $50 per share. Unless converted earlier, each mandatory convertible preferred share will convert automatically on or about May 1, 2021, into between 5.3763 and 6.4516 of Nabors' common shares, subject to anti-dilution and other adjustments, determined based on the average of the volume-weighted average prices of Nabors' common shares over the 20-trading day period commencing on and including the 21st scheduled trading day immediately preceding May 1, 2021.