NBR
Nabors Industries Ltd. [NBR] Stock Forecast
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In the News
3 Energy Stocks to Sell in August Before They Crash and Burn
It may seem like an odd time to be writing about risky energy stocks. After all, the United States Energy Information Administration (EIA) removed all doubt as to the direction of oil prices for the remainder of 2023 at least.
Nabors Industries: Domestic Drilling Activity Is Declining
Total revenues were $767.07 million (Total revenue and others were $778.81 million) in the second quarter of 2023, up from $630.94 million a year ago. Nabors Industries exited 2Q23 with 88.6 rigs, the average rig working in the U.S. (96.4 rigs in 2Q22). The daily margin increased to $16,890 per day. I recommend buying NBR stock between $115.3 and $110 to accumulate again, with potential lower support at $100.5.
Nabors (NBR) Q2 Earnings Lag Estimates, Sales Beat
Nabors (NBR) expects $125 million capital spending for Q3 2023, with $48 million allocated for Saudi Arabian construction.
Nabors Industries Ltd. (NBR) Q2 2023 Earnings Call Transcript
Nabors Industries Ltd. (NYSE:NBR ) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants William Conroy - Vice President, Corporate Development & Investor Relations Tony Petrello - Chairman, President & Chief Executive Officer William Restrepo - Chief Financial Officer Subodh Saxena - Senior Vice President, Nabors Drilling Solutions Travis Purvis - Senior Vice President, Global Drilling Operations Conference Call Participants Waqar Syed - ATB Capital Markets Kurt Hallead - Benchmark Dan Kutz - Morgan Stanley Keith Mackey - RBC Capital Markets Arun Jayaram - JPMorgan John Daniel - Daniel Energy Partners Operator Good day, and welcome to the Nabors Industries Ltd.
Nabors Industries Ltd. Second Quarter 2023 Earnings Conference Call Invitation
HAMILTON, Bermuda , July 11, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.
Nabors (NBR) Announces SPAC Registration With $300M IPO Plan
Nabors (NBR) announces the filing of the registration of a special purpose acquisition company with the Securities and Exchange Commission, and intends to raise $300 million from initial public offering.
Nabors says second energy transition SPAC plans $300M IPO
Nabors Industries Ltd. (NYSE:NBR) has announced that its second blank check company, Nabors Energy Transition Corp. II (NETD), has filed to raise up to $300 million in an initial public offering (IPO) on the Nasdaq under the symbol ‘NETDU'.
Nabors Industries files second blank check IPO deal
Nabors Energy Transition Corp. II, a blank-check company sponsored by oil services company Nabors Industries Ltd. NBR, +3.07%, filed to raise up to $300 million in an initial public offering on the Nasdaq under the symbol “NETD”.
3 Stocks to Keep Tabs on for Superb Earnings Acceleration
Some of the notable companies to have witnessed solid earnings acceleration as of now are Constellation Energy Corporation (CEG), Nabors Industries Ltd. (NBR) and Brookfield Renewable Partners (BEP).
Nabors Industries: Don't Worry Too Much About The U.S. Rig Count
Nabors Industries' stock price has underperformed YTD due to macro concerns and weak gas prices, but its fundamentals suggest a value opportunity. The company's advanced drilling technology and global presence provide moats even if U.S. shale activity slows down. The guided FCF yield to market cap is 46% and analyst targets suggest 70% average upside.
NBR Financial details
NBR Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 457.18 | 432.79 | 302.32 | 265.29 | 298.24 | |
| Net income per share | -95.84 | -96.77 | -108.07 | -71.49 | -34.53 | |
| Operating cash flow per share | 48.71 | 97.35 | 49.55 | 56.38 | 56.31 | |
| Free cash flow per share | -19.91 | 36.52 | 21.85 | 25.13 | 14.35 | |
| Cash per share | 72.04 | 64.35 | 68.25 | 130.37 | 50.83 | |
| Book value per share | 403.84 | 281.97 | 163.11 | 77.67 | 41.47 | |
| Tangible book value per share | 444.27 | 348.01 | 240.78 | 183.33 | 136.59 | |
| Share holders equity per share | 403.84 | 281.97 | 163.11 | 77.67 | 41.47 | |
| Interest debt per share | 570.21 | 504.98 | 450.95 | 452.29 | 305.94 | |
| Market cap | 668.8M | 1.01B | 411.05M | 616.69M | 1.38B | |
| Enterprise value | 3.81B | 3.91B | 2.91B | 2.89B | 3.46B | |
| P/E ratio | -1.04 | -1.49 | -0.54 | -1.13 | -4.49 | |
| Price to sales ratio | 0.22 | 0.33 | 0.19 | 0.31 | 0.52 | |
| POCF ratio | 2.05 | 1.48 | 1.18 | 1.44 | 2.75 | |
| PFCF ratio | -5.02 | 3.94 | 2.67 | 3.23 | 10.8 | |
| P/B Ratio | 0.25 | 0.51 | 0.36 | 1.04 | 3.73 | |
| PTB ratio | 0.25 | 0.51 | 0.36 | 1.04 | 3.73 | |
| EV to sales | 1.25 | 1.28 | 1.36 | 1.43 | 1.31 | |
| Enterprise value over EBITDA | -27.65 | -37.47 | -9.13 | -11.49 | -41.85 | |
| EV to operating cash flow | 11.69 | 5.71 | 8.31 | 6.74 | 6.91 | |
| EV to free cash flow | -28.59 | 15.22 | 18.85 | 15.11 | 27.14 | |
| Earnings yield | -0.96 | -0.67 | -1.86 | -0.88 | -0.22 | |
| Free cash flow yield | -0.2 | 0.25 | 0.38 | 0.31 | 0.09 | |
| Debt to equity | 1.33 | 1.69 | 2.59 | 5.53 | 6.9 | |
| Debt to assets | 0.46 | 0.5 | 0.54 | 0.59 | 0.54 | |
| Net debt to EBITDA | -22.79 | -27.76 | -7.84 | -9.03 | -25.21 | |
| Current ratio | 1.92 | 1.9 | 2.2 | 2.89 | 1.68 | |
| Interest coverage | -0.53 | -4.8 | -5.68 | -5.51 | -4.2 | |
| Income quality | -0.53 | -1.01 | -0.46 | -0.79 | -1.63 | |
| Dividend Yield | 0.13 | 0.05 | 0.05 | 0.01 | 0 | |
| Payout ratio | -0.14 | -0.07 | -0.03 | -0.01 | 0 | |
| Sales general and administrative to revenue | 0.09 | 0.09 | 0.1 | 0.11 | 0.09 | |
| Research and developement to revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
| Intangibles to total assets | 0.02 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -1.41 | -0.62 | -0.56 | -0.55 | -0.75 | |
| Capex to revenue | -0.15 | -0.14 | -0.09 | -0.12 | -0.14 | |
| Capex to depreciation | -0.53 | -0.49 | -0.23 | -0.34 | -0.56 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Graham number | 933.16 | 783.55 | 629.77 | 353.46 | 179.48 | |
| ROIC | -0.02 | -0.21 | -0.31 | -0.27 | -0.32 | |
| Return on tangible assets | -0.08 | -0.1 | -0.14 | -0.1 | -0.06 | |
| Graham Net | -533.33 | -484.17 | -420.67 | -376.17 | -309.35 | |
| Working capital | 761.49M | 592.12M | 616M | 992.58M | 404.23M | |
| Tangible asset value | 2.97B | 2.45B | 1.7B | 1.39B | 1.22B | |
| Net current asset value | -3.11B | -3.04B | -2.67B | -2.61B | -2.51B | |
| Invested capital | 1.33 | 1.69 | 2.59 | 5.53 | 6.9 | |
| Average receivables | 727.4M | 604.68M | 408.01M | 325.27M | 307.48M | |
| Average payables | 378.13M | 344M | 258.04M | 237.34M | 283.89M | |
| Average inventory | 165.95M | 170.96M | 168.46M | 143.52M | 127.2M | |
| Days sales outstanding | 90.28 | 54.33 | 62.08 | 52.03 | 45.03 | |
| Days payables outstanding | 50.42 | 38.4 | 36.87 | 46.77 | 49.17 | |
| Days of inventory on hand | 21.25 | 22.94 | 26.8 | 23.31 | 20.03 | |
| Receivables turnover | 4.04 | 6.72 | 5.88 | 7.02 | 8.11 | |
| Payables turnover | 7.24 | 9.5 | 9.9 | 7.8 | 7.42 | |
| Inventory turnover | 17.17 | 15.91 | 13.62 | 15.66 | 18.22 | |
| ROE | -0.24 | -0.34 | -0.66 | -0.92 | -0.83 | |
| Capex per share | -68.62 | -60.83 | -27.7 | -31.25 | -41.97 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
| Metric | History | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 69.48 | 76.29 | 83.52 | 85.06 | 83.42 | |
| Net income per share | -7.7 | -0.49 | -6.39 | 5.37 | 1.77 | |
| Operating cash flow per share | 13.3 | 15.27 | 21.97 | 16.82 | 18.32 | |
| Free cash flow per share | 4.86 | 3.05 | 10.84 | 3.86 | 2.58 | |
| Cash per share | 46.03 | 46.72 | 49.7 | 103.87 | 48.37 | |
| Book value per share | 49.91 | 48.27 | 40.54 | 43.96 | 43.79 | |
| Tangible book value per share | 141.09 | 140.58 | 133.55 | 139.03 | 120.23 | |
| Share holders equity per share | 49.91 | 48.27 | 40.54 | 43.96 | 43.79 | |
| Interest debt per share | 291.77 | 289.83 | 284.43 | 285.32 | 277.83 | |
| Market cap | 1.22B | 923.09M | 1.41B | 1.12B | 855.41M | |
| Enterprise value | 3.4B | 3.09B | 3.5B | 3.2B | 2.93B | |
| P/E ratio | -4.35 | -51.73 | -6.06 | 5.67 | 13.18 | |
| Price to sales ratio | 1.93 | 1.33 | 1.85 | 1.43 | 1.12 | |
| POCF ratio | 10.07 | 6.64 | 7.05 | 7.25 | 5.08 | |
| PFCF ratio | 27.53 | 33.25 | 14.29 | 31.62 | 36.07 | |
| P/B Ratio | 2.68 | 2.1 | 3.82 | 2.77 | 2.12 | |
| PTB ratio | 2.68 | 2.1 | 3.82 | 2.77 | 2.12 | |
| EV to sales | 5.4 | 4.45 | 4.6 | 4.11 | 3.82 | |
| Enterprise value over EBITDA | -183.98 | 65.82 | 1.14K | 26.84 | 38 | |
| EV to operating cash flow | 28.18 | 22.23 | 17.48 | 20.79 | 17.39 | |
| EV to free cash flow | 77.09 | 111.25 | 35.45 | 90.7 | 123.53 | |
| Earnings yield | -0.06 | 0 | -0.04 | 0.04 | 0.02 | |
| Free cash flow yield | 0.04 | 0.03 | 0.07 | 0.03 | 0.03 | |
| Debt to equity | 5.75 | 5.9 | 6.9 | 6.38 | 6.23 | |
| Debt to assets | 0.54 | 0.54 | 0.54 | 0.55 | 0.56 | |
| Net debt to EBITDA | -118.27 | 46.15 | 682.54 | 17.48 | 26.9 | |
| Current ratio | 1.76 | 1.73 | 1.68 | 1.87 | 1.8 | |
| Interest coverage | -4.21 | -2.8 | -3.75 | -0.97 | -1.79 | |
| Income quality | -1.73 | -31.15 | -3.44 | 2.52 | 10.38 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | |
| Research and developement to revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -0.63 | -0.8 | -0.51 | -0.77 | -0.86 | |
| Capex to revenue | -0.12 | -0.16 | -0.13 | -0.15 | -0.19 | |
| Capex to depreciation | -0.47 | -0.65 | -0.6 | -0.73 | -0.91 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Graham number | 92.99 | 23.08 | 76.35 | 72.91 | 41.7 | |
| ROIC | -0.07 | 0.02 | -0.1 | -0.01 | -0.01 | |
| Return on tangible assets | -0.01 | 0 | -0.01 | 0.01 | 0 | |
| Graham Net | -311.96 | -304.71 | -302.45 | -237.19 | -284.27 | |
| Working capital | 399.32M | 406.74M | 404.23M | 472.77M | 433.87M | |
| Tangible asset value | 1.28B | 1.28B | 1.22B | 1.27B | 1.11B | |
| Net current asset value | -2.6B | -2.52B | -2.51B | -2.41B | -2.38B | |
| Invested capital | 5.75 | 5.9 | 6.9 | 6.38 | 6.23 | |
| Average receivables | 287.66M | 290.54M | 315.18M | 317.2M | 302.2M | |
| Average payables | 275M | 280.64M | 302.1M | 310.29M | 304.15M | |
| Average inventory | 126.37M | 124.87M | 128.53M | 136.09M | 148.23M | |
| Days sales outstanding | 39.67 | 39.28 | 38.76 | 35.46 | 34.89 | |
| Days payables outstanding | 43.12 | 43.37 | 45.15 | 44.12 | 44.14 | |
| Days of inventory on hand | 19.19 | 19.3 | 18.39 | 20.76 | 22.27 | |
| Receivables turnover | 2.27 | 2.29 | 2.32 | 2.54 | 2.58 | |
| Payables turnover | 2.09 | 2.08 | 1.99 | 2.04 | 2.04 | |
| Inventory turnover | 4.69 | 4.66 | 4.89 | 4.34 | 4.04 | |
| ROE | -0.15 | -0.01 | -0.16 | 0.12 | 0.04 | |
| Capex per share | -8.44 | -12.22 | -11.14 | -12.96 | -15.74 |
NBR Frequently Asked Questions
What is Nabors Industries Ltd. stock symbol ?
Nabors Industries Ltd. is a BM stock and trading under the symbol NBR
Is Nabors Industries Ltd. buy or a sell ?
2 stock analysts have 2 predictions with a medium analyst target price of $190. The lowest prediction is $175 and the highest is $205
What is NBR stock prediction ?
What is Nabors Industries Ltd. stock quote today ?
Nabors Industries Ltd. stock price is $123.6525 today.
Is Nabors Industries Ltd. stock public?
Yes, Nabors Industries Ltd. is a publicly traded company.
Company Profile
- Volume Average 212.57K
- Market Capitalization 1.17B
- Employee 12K
- CEO Mr. Anthony G. Petrello
- Headquarters Hamilton,BM
- IPO Date 1973-02-21
-
Website
https://www.nabors.com 
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers REVit, an automated real time stick-slip mitigation system; ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. As of December 31, 2021, the company marketed approximately 301 rigs for land-based drilling operations in the United States, Canada, and in 20 other countries worldwide; and 29 rigs for offshore platform drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
