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NBR is expected to report improved revenues in Q3 earnings. However, due to increased depreciation and amortization, a lower bottom line is anticipated.
Nabors Industries agreed to acquire Parker Wellbore: A move to strengthen global drilling services.
Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HAMILTON, Bermuda , Oct. 15, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.
U.S. drilling activity is challenged, but Nabors maintains pricing power due to its superior rigs. Nabors also derives half of its revenue from international markets that have been much more robust. The leverage is high, but debt is not a problem in the near term.
NBR offers an appealing valuation with strong cash generation. Yet, high debt, market fluctuations and geopolitical risks should temper investors' enthusiasm.
HAMILTON, Bermuda , Sept. 12, 2024 /PRNewswire/ -- Nabors Industries Ltd.
HAMILTON, Bermuda , Sept. 10, 2024 /PRNewswire/ -- Nabors Industries Ltd.
Nabors (NBR) anticipates third-quarter 2024 capital expenditures to range between $190 and $200 million, including $80 to $85 million allocated for new projects in Saudi Arabia.
Nabors Industries (NBR) came out with a quarterly loss of $4.29 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $2.26 per share a year ago.