8.38 +0.08 (0.96%)
After hours: 6:54PM EDT
|Bid||8.30 x 40000|
|Ask||8.38 x 42300|
|Day's Range||8.24 - 8.42|
|52 Week Range||5.32 - 10.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (3.03%)|
|1y Target Est||N/A|
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.
It was another quarter in which the rig producer couldn't make progress on returning to profitability.
In this article, we’ll look at Wall Street’s forecasts for Nabors Industries (NBR) stock following its 1Q18 earnings release. Analysts’ rating for Nabors Industries
Nabors Industries (NBR) released its 1Q18 financial results on May 1, 2018, after the market closed. On that day, NBR’s stock price reacted negatively, falling 4.2% to $7.29 from the previous day’s close. The West Texas Intermediate (or WTI) crude oil price decreased 1.9% on May 1 over the previous day’s close. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
Nabors Industries (NBR) released its 1Q18 financial results on May 1. From 1Q17 to 1Q18, Nabors Industries’ Drilling Solutions segment revenue increased the most by 129%, followed by the US Drilling segment with a 49% increase, and the Rig Technologies segment with a 46.7% increase.
Nabors Industries (NBR) released its 1Q18 financial results on May 1, after the market closed. The company recorded operating revenues of $734.1 million in 1Q18, up 30.5% from $562.5 million in 1Q17. Nabors Industries’ revenues for 1Q18 increased mostly due to significantly higher year-over-year revenues in the US Drilling, Drilling Solutions, and Rig Technologies segments.
The Hamilton, Bermuda-based company said it had a loss of 46 cents per share. Losses, adjusted for pretax expenses and non-recurring costs, were 29 cents per share. The results missed Wall Street expectations. ...
In 1Q18, analysts expect Halliburton (HAL) to post adjusted earnings per share (or EPS) of $0.41. This means Wall Street analysts expect HAL’s adjusted earnings to fall 23% in 1Q18 from the 4Q17 adjusted earnings of $0.53 per share. Despite the management’s expectation of higher prices for its offerings and the positive effects of lower costs from various cost reduction initiatives, a weaker international upstream market could result in a 1Q18 earnings decline. HAL will hold its 1Q18 earnings conference call on April 23, 2018.
In 1Q18, analysts expect $0.06 in adjusted earnings per share (or EPS) for Baker Hughes, a GE Company (BHGE). So Street analysts expect BHGE’s adjusted earnings to decline sharply, by 58% from the 4Q17 adjusted earnings of $0.15 per share. Low upstream energy activity and challenging pricing in the subsea business, a muted Turbomachinery segment due to lower LNG (liquefied natural gas) activity, a lower-margin downstream backlog, and decreased transaction services in the oilfield equipment segment are all expected to result in the 1Q18 earnings decline. ...
Nabors Industries Ltd (NYSE:NBR), an energy company based in Bermuda, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $8.45Read More...
Nabors Industries (NBR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Nabors Industries Ltd’s (NYSE:NBR): Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. The US$2.32B market-cap company announced a latestRead More...