Nabors Industries (NBR) Projected to Release Earnings on Tuesday

Analysts expect the company to announce earnings of ($1.3022) per share and revenue of $809.2810 million for the quarter.

Nabors Industries ( NYSE:NBR – Get Free Report ) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.49) by $0.95. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The business had revenue of $783.55 million during the quarter, compared to the consensus estimate of $769.33 million. During the same quarter last year, the firm earned $2.18 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Nabors Industries to post $-3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nabors Industries Trading Down 1.3% Shares of NYSE NBR opened at $83.18 on Friday. Nabors Industries has a fifty-two week low of $30.90 and a fifty-two week high of $112.90. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 6.51 and a beta of 0.96. The business's 50 day moving average price is $90.29 and its 200-day moving average price is $82.51.

Institutional Investors Weigh In On Nabors Industries Several institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new position in shares of Nabors Industries in the 4th quarter valued at $246,000. Cetera Investment Advisers lifted its position in Nabors Industries by 19.1% during the 2nd quarter. Cetera Investment Advisers now owns 8,570 shares of the oil and gas company's stock worth $240,000 after acquiring an additional 1,374 shares during the period. Janus Henderson Group PLC acquired a new stake in Nabors Industries during the 4th quarter worth about $231,000. Dynamic Technology Lab Private Ltd grew its stake in Nabors Industries by 11.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,540 shares of the oil and gas company's stock valued at $231,000 after purchasing an additional 570 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Nabors Industries in the third quarter valued at about $220,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several equities analysts have commented on the company. Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Susquehanna decreased their target price on Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Citigroup boosted their target price on shares of Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada upped their price target on shares of Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Barclays raised shares of Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their target price...