Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Key Takeaways Chevron warns California could face fuel shortages amid global disruptions and policy strain.Heavy reliance on imports and refinery closures heightens exposure to geopolitical shocks.Chevron urges reforms, warning it may exit refining as costs and risks continue to rise.Chevron Corporation (CVX) , one of the world’s leading energy companies, has issued a stark warning: California is teetering on the edge of an energy crisis, fueled by global conflicts and domestic policy challenges, according ...

Nabors Industries Ltd. 1st Quarter 2026 Earnings Conference Call Invitation Accessibility StatementSkip NavigationHAMILTON, Bermuda, March 24, 2026 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and Miguel A. Rodriguez, Chief Financial Officer, Wednesday April 29, 2026 at 10:00 a.m. Central Time for a discussion of operating results for the first quarter ended March 31, 2026. Nabors will release earnings after the ...

Key Takeaways Nabors Industries is poised to benefit as high oil prices drive drilling demand for high-spec rigs.FTI ended 2025 with a $16.6B backlog, signalling strong growth amid favorable oil prices.WFRD helps upstream firms run efficiently and is set to generate strong cash flows in this environment.Oil has already taken the top spot in the stock market, as the world watches high commodity prices and their deterring effect on economies. In the meantime, investors willing to capitalize on the business en ...

Key Takeaways Oil prices surged past $110 as Middle East tensions disrupted supply and affected nearly 20% of global flows.Archrock's compression services deliver stable, recurring revenues tied to natural gas transport demand.TechnipFMC's subsea demand and Nabors' global drilling tech drive growth across key energy markets.The energy sector is going through a highly volatile phase as geopolitical tensions in the Middle East disrupt global supply chains. Attacks on key infrastructure and reduced flows throu ...

Core Viewpoint - Nabors Industries has shown a significant increase in share price, outperforming the S&P 500, and there is speculation about whether this positive trend will continue leading up to the next earnings release [1]. Financial Performance - Nabors reported a Q4 2025 adjusted profit of 17 cents per share, surpassing the Zacks Consensus Estimate of a loss of $2.93 and significantly improving from a loss of $6.67 per share in the prior year [2]. - Operating revenues reached $797.5 million, exceeding the Zacks Consensus Estimate of $797 million and up from $729.8 million in the same quarter last year, driven by strong performance in the International Drilling and Drilling Solutions segments [3]. - Adjusted EBITDA increased to $221.6 million from $220.5 million year-over-year, also above the model estimate of $211 million [3]. Segmental Performance - U.S. Drilling generated operating revenues of $240.6 million, slightly down from $241.6 million year-over-year but above the estimated $225.4 million; operating profit was $28.6 million, down from $39 million [4]. - International Drilling's operating revenues rose to $423.8 million from $371.4 million year-over-year, beating the estimate of $411.4 million, with operating profit increasing to $49.6 million from $29.5 million [4][5]. - Revenues from the Drilling Solutions segment totaled $107.9 million, a 42% increase from $76 million year-over-year, although it missed the estimate of $138.5 million [5]. Financial Position - Total costs and expenses increased to $780.7 million from $756.3 million year-over-year, but were lower than the predicted $820 million [7]. - As of December 31, 2025, Nabors had $940.7 million in cash and short-term investments, with long-term debt at approximately $2.1 billion and a debt-to-capitalization ratio of 78.2% [7]. Market Outlook - Estimates for Nabors have trended upward, with a consensus estimate shift of 8.56% over the past month, indicating positive market sentiment [9]. - Nabors holds a Zacks Rank 2 (Buy), suggesting expectations for above-average returns in the coming months [11]. Industry Comparison - Nabors operates within the Zacks Oil and Gas - Drilling industry, where competitor Helmerich & Payne has seen a 3% gain over the past month, reporting revenues of $1.02 billion, a year-over-year increase of 50.2% [12].

Industry Overview - The Zacks Oil and Gas - Drilling industry comprises companies providing rigs, equipment, and crews for oil and gas exploration and development globally, with demand driven more by contracting activity than oil prices [1][2] - Offshore drilling companies exhibit higher volatility and their share prices are more closely correlated with crude prices compared to onshore counterparts [2] Current Trends - **Oversupplied Oil Market and Capital Discipline**: Global oil supply has occasionally exceeded demand, keeping crude prices under pressure, and operators are prioritizing shareholder returns over production growth, limiting new rig demand [3] - **Structural Growth in Natural Gas Demand**: There is increasing momentum in natural gas demand due to expanding LNG exports and rising AI-driven power consumption, which may lead to stronger drilling demand in the coming years [4] - **High Capital Intensity and Cash Flow Volatility**: The drilling business is capital-intensive, requiring significant upfront investments, and companies may reduce capital budgets in softer markets, impacting near-term growth [5] - **International Expansion and Long-Term Contracts**: International markets, particularly in the Middle East and Latin America, are showing resilience, with many projects operating on multiyear contracts, providing better revenue visibility [6] Industry Performance - The Zacks Oil and Gas - Drilling industry currently holds a Zacks Industry Rank of 158, placing it in the bottom 35% of 243 Zacks industries, indicating challenging near-term prospects [7][9] - Despite the negative earnings outlook, the industry has outperformed the broader Zacks Oil - Energy sector and the S&P 500 over the past year, with a 76.1% increase compared to 34.5% and 20.5% respectively [11] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 13.70X, lower than the S&P 500's 17.90X but above the sector's 6.56X [14] Stocks to Watch - **Noble Corporation**: A leading offshore drilling contractor with a market cap of $7.3 billion, expected to see 73.1% earnings growth in 2026, and has a backlog of about $7.5 billion [16][18] - **Nabors Industries**: A global provider of advanced drilling technology with a market cap of $1.1 billion, expected to see 48.6% earnings growth in 2026 [20][21] - **Transocean**: A global offshore drilling contractor with a market cap of $6.9 billion, expected to see 400% earnings growth in 2026 [23][25]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Nabors Industries (NBR) - Nabors Industries currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, NBR shares increased by 14.82%, significantly outperforming the Zacks Oil and Gas - Drilling industry, which rose by 1.06% [5] - In the last quarter, NBR shares rose by 36.71%, and over the past year, they have surged by 95.48%, while the S&P 500 only increased by 1.72% and 17.27%, respectively [6] Trading Volume - NBR's average 20-day trading volume is 414,887 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NBR have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$8.10 to -$6.29 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, NBR is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]

Core Insights - Nabors Industries Ltd. (NBR) is a leading land-based drilling contractor providing advanced drilling rigs, rig-related services, performance software, automation technologies, and directional drilling solutions to oil and gas producers globally [1] - The company generates revenue through day-rate contracts and integrated drilling services, playing a crucial role in the energy value chain by supporting upstream oil and gas production [1] Stock Performance - Over the past six months, NBR's shares increased by 117.9%, outperforming the Oil and Gas - Drilling sub-industry's growth of 64.4% and the Oil and Energy sector's increase of 22.9% [2] Growth Drivers - Significant debt reduction has strengthened NBR's balance sheet, with net debt reduced by approximately $554 million, the lowest level since 2005, achieved through asset sales and refinancing [6][7] - NBR is gaining momentum in the Lower 48, increasing its rig count from 62 to 66 rigs, driven by wins with public operators in key basins [8] - The company has a visible international growth pipeline, expecting to add around 10 net rigs in 2026, supported by multiyear contracts with national oil companies [9] - Successful integration of Parker Wellbore assets has exceeded expectations, achieving an annualized synergy run rate of $63 million, with a target of at least $70 million in EBITDA from these operations in 2026 [10] Challenges - NBR reported a sequential decline in fourth-quarter 2025 revenues to $798 million from $818 million in the previous quarter, with adjusted EBITDA decreasing to $222 million from $236 million [11] - The SANAD joint venture in Saudi Arabia is expected to consume between $100 million and $120 million of adjusted free cash flow in 2026, impacting liquidity [12] - Margin pressure is evident in the Lower 48 drilling operations, with a predicted daily adjusted gross margin decrease to approximately $13,200 from $13,303 [13] - Heavy dependence on the SANAD joint venture with Saudi Aramco poses a risk, as changes in Aramco's plans could significantly impact NBR's revenue and cash flow [14] Conclusion - NBR has made significant progress in strengthening its balance sheet and expanding its market presence, but faces challenges such as declining revenues, cash flow consumption from joint ventures, and margin pressure [15][16]

Core Insights - Nabors Industries Ltd. (NYSE:NBR) experienced a significant share price increase of 14.82% from February 13 to February 20, 2026, marking it as one of the top-performing energy stocks during that week [1]. Financial Performance - The company reported strong Q4 2025 results on February 12, with an EPS of $0.17, surpassing expectations by $1.13. Revenue for the quarter grew by 9.3% year-over-year to approximately $797.5 million, exceeding estimates by over $1.7 million [3]. - For the full year 2025, Nabors Industries achieved a revenue of $3.2 billion, reflecting an 8.7% year-over-year increase, primarily driven by the acquisition of Parker and robust international expansion. The adjusted EBITDA for the year was reported at $913 million, an increase of $31 million from the previous year [3]. Cash Flow and Debt Management - In Q4, the company generated an adjusted free cash flow of $132 million, a significant rise from $6 million in Q3. Additionally, Nabors reduced its outstanding net debt by approximately $554 million since the end of 2024, with total debt at its lowest level since 2005 [4]. Analyst Ratings and Price Targets - Following the positive Q4 results, Piper Sandler raised its price target for Nabors Industries from $65 to $80 while maintaining an 'Overweight' rating. Analysts from Susquehanna and RBC Capital also increased their price targets for NBR earlier on February 13 [5].