|Bid||2.2300 x 29200|
|Ask||2.2400 x 34100|
|Day's Range||2.1900 - 2.3100|
|52 Week Range||1.8100 - 6.8500|
|Beta (3Y Monthly)||3.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||0.04 (1.74%)|
|1y Target Est||4.33|
U.S. equities are treading water on Wednesday as the latest earnings season continues and investors digest an increasing flow of results. Transportation stocks, which I discussed yesterday, are dropping in response to mixed guidance from CSX (NYSE:CSX), but that looks like a buying opportunity ahead of a likely Federal Reserve interest rate cut later this month.One area of the market not looking good for new money, however, is energy. Oil and gas companies across the board are suffering nasty-looking breakdowns as geopolitical tensions with Iran have failed to materialize into any actual supply disruptions. The U.S. shale industry is too revved up, with a lowered cost base keeping the spigots turned on even as crude oil prices stagnate near $60. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip With the likes of Russia and Saudi Arabia unable to cut production enough to boost prices, the weakness looks set to continue. Here are six stocks to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy Stocks Spilling Lower: Marathon Oil (MRO)Shares of Marathon Oil (NYSE:MRO) are breaking down, threatening a return to the December lows and setting up a possible decline to the summer 2017 lows near $10.50. Such a move would be worth a loss of more than 20% from here. Shares were recently downgraded to neutral by analysts at Atlantic Securities.The company will next report results on Aug. 7 after the close. Analysts are looking for earnings of 16 cents per share on revenues of $1.4 billion. When the company last reported on May 1, earnings of 31 cents per share beat estimates by 24 cents on a 30.9% decline in revenues. Nabors Industries (NBR)Nabors Industries (NYSE:NBR), which provides drilling services to the onshore and offshore oil industry, is also suffering breakdown out of its recent trading range, That's setting up a possible excursion back to its December lows. Shares are already down a whopping 86% from the high seen in early 2017 as oil prices hold steady near $60 a barrel. * 7 Dependable Dividend Stocks to Buy The company will next report results on July 29 after the close. Analysts are looking for a loss of 22 cents per share on revenues of $802 million. When the company last reported on April 30, a loss of 36 cents missed estimates by 10 cents on a 10.2% rise in revenues. BP Amoco (BP)BP Amoco (NYSE:BP) shares are falling away from a multi-month challenge of its 200-day moving average. That's confirming a messy-looking head-and-shoulders reversal pattern that traces to a low of $37. That would mark a test of the December low. The stock has been in a sideways pattern since the summer of 2018, unable to top resistance near the $45-a-share threshold.The company will next report results on July 30. Analysts are looking for earnings of 80 cents per share on revenues of $72 billion. When the company last reported on April 30, earnings of 70 cents per share beat estimates by 3 cents on a 2.7% decline in revenues. Transocean (RIG)Transocean (NYSE:RIG), which provides offshore drilling services including the ultra-deepwater segment, is falling away from its 50-day moving average and setting up a retest of the June low. The stock has already fallen below a multiyear trading range between $14 and $8 per share. The range was in play between 2015 and 2019. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on July 29 after the close. Analysts are looking for a loss of 33 cents per share on revenues of $766 million. When the company last reported on April 29, a loss of 30 cents beat estimates by a penny on a 13.6% rise in revenues. EnCana (ECA)Canadian oil company EnCana (NYSE:ECA) has violated its June low, which in turn violated its December low. That cleared the way for a decline to levels not seen since early 2016. Shares of lost more than two-thirds of their value from the highs seen as recently as late last year. The company recently announced it would sell its Arkoma Basin natural gas assets for $165 million.The company will next report results on July 31 before the bell. Analysts are looking for earnings of 18 cents per share on revenues of just over $2 billion. When the company last reported on April 30, earnings of 14 cents per share beat estimates by five cents. Devon Energy (DVN)Devon Energy (NYSE:DVN) is an independent oil and gas company based in Oklahoma. It has broken down out of its lower Bollinger Band to shy away yet again from its 200-day moving average. Watch for a decline back to the early June low and a likely violation back to the December low near $20. Such a move would be worth a loss of roughly 20% from here. * 10 Stocks to Sell for an Economic Slowdown The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of 42 cents per share on revenues of $2.2 billion. When the company last reported on April 30, earnings of 36 cents per share beat estimates by eight cents.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 6 Energy Stocks Spilling Lower appeared first on InvestorPlace.
Nabors Industries Ltd. (NYSE:NBR) is a small-cap stock with a market capitalization of US$835m. While investors...
HAMILTON, Bermuda , July 16, 2019 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello , Chairman and Chief Executive Officer, and William Restrepo , Chief Financial ...
Find out which Houston-based public companies have the highest-paid CEOs and how those executives' total compensation compares to the median employee pay at their companies.
In the week ending June 21, oilfield services stock Nabors Industries (NBR) rose the most among the stocks in the energy space. On June 18, RBC reduced its target price on Nabors Industries by $1 to $11.
Nik Wallenda is at it again. This weekend, Wallenda and his sister will be taking a 1,300 foot stroll across New York's Time Square. But this isn't just any stroll: They'll be walking 25 stories above the ground on a high wire, without harnesses or a net beneath them.
Anthony Petrello has been the CEO of Nabors Industries Ltd. (NYSE:NBR) since 2011. This report will, first, examine...
Last week, oilfield services stock Noble (NE) fell the most among the stocks in the energy space. Other oilfield services stocks Ensco (ESV), Superior Energy Services (SPN), and Nabors Industries (NBR) had the second, third, and fourth largest declines among energy stocks, respectively, last week.
HAMILTON, Bermuda, June 11, 2019 /PRNewswire/ -- Nabors Industries Ltd. (NBR) ("Nabors") announced today, in connection with the tender offers by its wholly owned subsidiary, Nabors Industries, Inc. ("Nabors Delaware"), the accepted amounts of its previously announced two separate offers to purchase for cash up to an aggregate principal amount equal to $275.0 million (the "Maximum Aggregate Amount") of the outstanding series of notes listed in the table below (collectively, the "Notes"), and in the case of the 4.625% Senior Notes due 2021 (the "2021 Notes"), a maximum aggregate principal amount of $100.0 million (the "Sub-Cap"). The "Early Tender Time" was 5:00 p.m. (Eastern Time) on June 10, 2019. Withdrawal rights for the Offers expired at 5:00 p.m. (Eastern Time) on June 10, 2019.
Is Nabors Industries Ltd. (NYSE:NBR) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk […]
Nabors (NBR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
HAMILTON, Bermuda, May 28, 2019 /PRNewswire/ -- Nabors Industries Ltd. (NBR) ("Nabors") announced today that its wholly owned subsidiary, Nabors Industries, Inc. ("Nabors Delaware"), is commencing cash tender offers (the "Tender Offers") subject to the terms, conditions and priorities set forth in the Offer to Purchase, dated May 28, 2019 (the "Offer to Purchase"), for up to $275.0 million aggregate principal amount (as it may be increased by Nabors Delaware, in its sole discretion, the "Maximum Aggregate Amount") of its 5.0% Senior Notes due 2020 (the "2020 Notes") and 4.625% Senior Notes due 2021 (the "2021 Notes" and, together with the 2020 Notes, the "Notes"), and in the case of the 2021 Notes, the maximum aggregate principal amount will be limited to $100.0 million (the "Sub-Cap"). The terms and conditions of the Tender Offers are described in the Offer to Purchase.
Energy Review: How the Sector Performed Last Week(Continued from Prior Part)Energy stocksIn the week ending May 24, oilfield services stock Nabors Industries (NBR) fell the most among the stocks in the energy space. The stock is included in the
Dividend paying stocks like Nabors Industries Ltd. (NYSE:NBR) tend to be popular with investors, and for good reason...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
The Hamilton, Bermuda-based company said it had a loss of 36 cents per share. The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was ...
HAMILTON, Bermuda , April 30, 2019 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2019 operating revenue of $800 million ...