Nabors Industries

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It operates through the following segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower 48 states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada segment consists of land-based drilling rigs in Canada. The International segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as patented steering systems and rig instrumentation software systems that enhance drilling performance and wellbore placement. The Rig Technologies segment consists of Canrig, which manufactures and sells top drives, catwalks, wrenches, drawworks, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.

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Nabors Industries excels in Q4, eyes tech innovation for growth

Nabors Industries' strong financial performance, operational resilience, and strategic initiatives position the company for continued growth and value creation.
While facing challenges in market dynamics and technology adoption, the company's focus on innovation and diversification presents opportunities for future expansion.
Balanced operations, robust cash generation, and financial discipline underscore Nabors' ability to navigate challenges and capitalize on growth prospects.
With a solid foundation and a focus on efficiency, Nabors is poised to leverage market opportunities and drive sustainable value for stakeholders.

Nabors Industries meets Q1 expectations, eyes growth amidst challenges

Nabors Industries delivered solid Q1 performance, meeting EBITDA expectations and showcasing strength in drilling solutions and international operations.
Challenges lie in cost reductions and market uncertainties, but opportunities in market recovery, service differentiation, and strategic focus offer avenues for growth.
With a focus on financial stability, operational efficiency, and growth strategies, Nabors Industries aims to navigate challenges and capitalize on opportunities for sustainable success.

Nabors Industries reports resilient Q2 performance amidst market challenges

Nabors Industries navigated challenges in the Lower 48 with improved daily rig margins and international business growth.
Strong focus on technology, innovation, and sustainability initiatives, alongside a successful IPO, drove positive financial outcomes.
While facing macroeconomic concerns and market fluctuations, Nabors aims to capitalize on opportunities in international markets and technological advancements.

Nabors Industries reports Q3 challenges but eyes international growth

Nabors Industries faced challenges in Q3 but remains optimistic about improved performance in Q4, focusing on international growth and technology adoption.
Strong Lower 48 margins and growth prospects in key international markets like Latin America and North Africa position the company for future success.
Despite geopolitical and operational hurdles, Nabors' emphasis on innovation and profitability through NDS and Energy Transition initiatives is driving positive outcomes.
The company's strategic approach to capital allocation and market positioning underscores its commitment to sustainable growth and profitability.

Nabors Industries exceeds Q4 expectations, eyes international growth opportunities

Nabors Industries delivered strong financial performance in Q4 2023 and full-year 2023, driven by growth in key segments.
Despite challenges like higher CapEx, the company generated significant free cash flow and extended debt maturity to 2026.
Opportunities lie in international growth, technological advancements, and disciplined pricing strategies to navigate market dynamics.
The company's focus on managing churn, deploying new rigs, and enhancing operational efficiency positions it for continued success.

Nabors Industries surpasses Q1 expectations, eyes international growth opportunities

Nabors Industries' strong Q1 performance, driven by international expansion and segment contributions, sets the stage for future growth and profitability.
While facing challenges in the Lower 48 market and debt reduction goals, the company's strategic strengths in energy transition and international markets position it well for success.
With a focus on optimizing rig deployment, capital structure, and cash flow, Nabors Industries aims to leverage opportunities in LNG exports, international markets, and technology-driven solutions for sustained growth.

Nabors Industries surpasses Q2 expectations, eyes international growth opportunities

Nabors Industries' Q2 performance showcased strength in international expansion and operational efficiency, despite facing debt reduction challenges. The company aims to capitalize on stable rig pricing and increase Lower 48 margins, targeting $100-200 million in free cash flow for 2024.

Nabors Industries meets Q3 expectations, eyes international growth opportunities

Nabors Industries delivered solid financial performance in Q3 2024, with a focus on international growth and operational efficiency. The company's capital structure improvements and free cash flow generation highlight financial stability and strategic planning for future growth.

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Nabors Industries Ltd. engages in the provision of off shore platform rigs. It also provides performance tools, directional drilling services, tubular running services, and technologies for its own rig fleet and those operated by third parties. It manufactures drilling equipment and drilling rig instrumentation. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada Drilling segment operates in land-based drilling rigs in Canada. The International Drilling segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as proprietary drilling-bit steering systems and rig instrumentation software. The Rig Technologies segment refers to the Canrig, which manufactures and sells top drives, catwalks, wrenches, draw works, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Nabors Industries (NBR) Stock Undervalued Right Now?

Nabors Industries' (NBR) second-quarter 2022 loss from operations is broader than the Zacks Consensus Estimate, while quarterly revenues beat the consensus mark.

Nabors (NBR) Loss Wider, Sales Outperform Estimates in Q2

Is Nabors Industries (NBR) a Great Value Stock Right Now?

The mean of analysts' price targets for Nabors (NBR) points to a 41.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Nabors (NBR)? Wall Street Analysts Think 42%

Nabors Industries Ltd. (NYSE:NBR ) Q2 2022 Earnings Conference Call August 4, 2022 1:00 PM ET Company Participants William Conroy - VP, Corporate Development & IR Anthony Petrello - Chairman, President and CEO William Restrepo - CFO Conference Call Participants Derek Podhaizer - Barclays Karl Blunden - Goldman Sachs David Smith - Pickering Energy Partners Keith Mackey - RBC Capital Markets Arun Jayaram - JPMorgan Operator Good afternoon, and welcome to the Nabors Industries Second Quarter 2022 Earnings Conference Call.

Nabors Industries Ltd. (NBR) CEO Anthony Petrello on Q2 2022 Results - Earnings Call Transcript

Nabors (NBR) delivered earnings and revenue surprises of -8.71% and 1.90%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Nabors Industries (NBR) Reports Q2 Loss, Tops Revenue Estimates

HAMILTON, Bermuda , Aug. 3, 2022 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2022 operating revenues of $631 million, an increase of approximately 11%, compared to operating revenues of $569 million in the first quarter of 2022.

Nabors Announces Second Quarter 2022 Results

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The $7-million investment by Nabors (NBR) is likely to help Natron scale up production capacity for pioneering sodium-ion batteries.

Nabors (NBR) Invests $7 Million in Battery Firm Natron Energy

Provides $7 million to scale up production capacity for pioneering sodium-ion battery developer to tap emerging oilfield carbon reduction market HAMILTON, Bermuda and SANTA CLARA, Calif. , July 21, 2022 /PRNewswire/ -- Nabors Industries Ltd.

Nabors Announces Investment in Natron Energy

After losing some value lately, a hammer chart pattern has been formed for Nabors (NBR), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Nabors (NBR) Could be Great Choice for a Bottom Fisher

Nabors (NBR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging 28.1% in 4 Weeks, Here's Why the Trend Might Reverse for Nabors (NBR)

HAMILTON, Bermuda , July 7, 2022 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.

Nabors Industries Ltd. Second Quarter 2022 Earnings Conference Call Invitation

Nabors (NBR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Nabors (NBR) Moves to Buy: Rationale Behind the Upgrade

Nabors (NBR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Nabors (NBR) Soars 11%: Is Further Upside Left in the Stock?

There is still idle capacity in the market which is limiting rig day rates and Nabors' profitability. There appears to be a lack of willingness by E&P companies to increase CapEx in the face of a potential recession.

Nabors Industries: Still Overhang In The Market

Nabors (NBR) reported earnings 30 days ago. What's next for the stock?

Nabors (NBR) Up 3.4% Since Last Earnings Report: Can It Continue?

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Nabors (NBR) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Nabors (NBR) Shows Fast-paced Momentum But Is Still a Bargain Stock

Nabors Industries (NBR) first-quarter 2022 loss from operations is broader than the Zacks Consensus Estimate, while quarterly revenues beat the consensus mark.

Nabors (NBR) Earnings Lag and Sales Beat Estimates in Q1

Nabors Industries Ltd. (NYSE:NBR ) Q1 2022 Earnings Conference Call April 28, 2022 1:00 PM ET Company Participants William Conroy - VP, Corporate Development & IR Anthony Petrello - Chairman, President and CEO William Restrepo - CFO Siggi Meissner - President Energy Transition and Industrial Automation Organization Conference Call Participants Karl Blunden - Goldman Sachs Dan Kutz - Morgan Stanley Taylor Zurcher - Tudor, Pickering & Holt Derek Podhaizer - Barclays Arun Jayaram - JPMorgan Operator Good day.

Nabors Industries Ltd. (NBR) CEO Anthony Petrello on Q1 2022 Results - Earnings Call Transcript

HAMILTON, Bermuda , April 27, 2022 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2022 operating revenues of $569 million, an increase of approximately 5%, compared to operating revenues of $544 million in the fourth quarter of 2021.

Nabors Announces First Quarter 2022 Results

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News for Nabors Industries Stock (NBR)