Nabors Industries Ltd.(NBR) has agreed to acquire Parker Wellbore, a leading rental provider company for downhole tubulars in the United States. The company has closed the deal at a consideration of 4.8 million shares of its common stock for an overall transaction value of around $372 million based on Monday's closing price. NBR has also agreed to assume a net debt of about $100 million. Overview of NBR's Acquisition The acquisition agreement between NBR and Parker Wellbore has been approved by the board of ...

The market expects Nabors Industries (NBR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

Nabors Industries Ltd. (NBR) is currently considered undervalued, trading at a 3.72X trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is significantly below the broader industry average of 16.18X. Image Source: Zacks Investment Research Zacks' proprietary data indicates that the company has a Value Score of A, suggesting that it is a solid choice for value investors. While this makes Nabors seem like a bargain compared with its peers, th ...

HAMILTON, Bermuda, Sept. 12, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 2:00 p.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024. Nabors will release earnings after the market closes on October 22, 2024. | --- | --- | |--------------------|-----------------------------| | | | | | ...

HAMILTON, Bermuda, Sept. 10, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or "the Company") (NYSE: NBR) today announced that William Restrepo, Chief Financial Officer, plans to participate in Pareto Securities' 31st Annual Energy Conference on September 11-12, 2024. Mr. Restrepo will deliver a presentation on Nabors on September 11. The investor slide deck to be used for the presentation and in meetings with investors is available in the Investor Relations section of Nabors' website, under Events & ...

3 5 | --- | --- | --- | --- | --- | --- | |---------------------------------------|--------------------------------------------------------------------------------------------|-------|--------------------------------------|------------|-------------| | | | | Six Months Ended June \n2024 \n(In | thousands) | 30, \n2023 | | | | | | | | | | | $ | (22,031) | $ | 77,291 | | | | | | | | | | | | 317,826 | | 322,729 | | | | | 11,239 | | 12,135 | | | | | — | | 5,318 | | | | | 4,527 | | 4,239 | | | | | 2,576 | | (25, ...

Nabors Industries Ltd. (NYSE:NBR) Q2 2024 Earnings Conference Call July 24, 2024 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 Travis Purvis - Senior Vice President, Global Drilling Operations Conference Call Participants Kurt Hallead - Benchmark Derek Podhaizer - Barclays Waqar Syed - ATB Capital Markets Keith MacKey - RBC Capital Markets Ar ...

NABORS INDUSTRIES Forward Looking Statements otherwise required by law. • our ability to retain skilled employees; • our ability to complete, and realize the expected benefits of, strategic transactions; • changes in tax laws and the possibility of changes in other laws and regulation; • the possibility of changes to U.S. trade policies and regulations including the imposition of trade Non-GAAP Financial Measures embargoes or sanctions; and • global views on and the regulatory environment related to energy ...

Adjusted EBITDA decreased to $218.1 million from $235 million recorded a year ago. It also missed our model estimate of $228.6 million. U.S. Drilling generated operating revenues of $259.7 million, down 17.5% from the year-ago quarter's level of $314.8 million. The figure also missed our model estimate of $291.8 million. Operating profit totaled $45.1 million compared with $75.4 million in the year-ago quarter. The figure missed our estimated profit of $58.2 million. Revenues from Rig Technologies totaled $ ...

This quarterly report represents an earnings surprise of -142.37%. A quarter ago, it was expected that this drilling contractor would post a loss of $2.24 per share when it actually produced a loss of $5.16, delivering a surprise of -130.36%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Nabors has underperformed the market so far this year, the quest ...