NYSE:NBR

Stock Analysis Report

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Market Cap

US$706.1m

Last Updated

2021/07/24 00:41 UTC

Data Sources

Company Financials +

Share Price & News

How has Nabors Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: NBR's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-2.5%

NBR

-2.6%

US Energy Services

0.4%

US Market


1 Year Return

104.3%

NBR

40.4%

US Energy Services

36.9%

US Market

Return vs Industry: NBR exceeded the US Energy Services industry which returned 40.4% over the past year.

Return vs Market: NBR exceeded the US Market which returned 36.9% over the past year.


Shareholder returns

NBRIndustryMarket
7 Day-2.5%-2.6%0.4%
30 Day-26.3%-15.0%1.6%
90 Day2.8%7.2%2.7%
1 Year104.3%104.3%44.9%40.4%39.1%36.9%
3 Year-68.8%-71.0%-50.5%-54.9%61.0%51.0%
5 Year-78.0%-80.6%-51.5%-59.7%122.5%97.8%

Long-Term Price Volatility Vs. Market

How volatile is Nabors Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nabors Industries undervalued compared to its fair value and its price relative to the market?

3.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBR ($87.24) is trading below our estimate of fair value ($90.6)

Significantly Below Fair Value: NBR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NBR is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

PE vs Market: NBR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NBR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NBR is good value based on its PB Ratio (0.6x) compared to the US Energy Services industry average (1.1x).


Future Growth

How is Nabors Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

43.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NBR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NBR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NBR's revenue (13.4% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: NBR's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBR is forecast to be unprofitable in 3 years.


Past Performance

How has Nabors Industries performed over the past 5 years?

0.002%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBR is currently unprofitable.

Growing Profit Margin: NBR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NBR is unprofitable, but has reduced losses over the past 5 years at a rate of 0% per year.

Accelerating Growth: Unable to compare NBR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NBR is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (27.1%).


Return on Equity

High ROE: NBR has a negative Return on Equity (-33.92%), as it is currently unprofitable.


Financial Health

How is Nabors Industries's financial position?


Financial Position Analysis

Short Term Liabilities: NBR's short term assets ($1.0B) exceed its short term liabilities ($490.8M).

Long Term Liabilities: NBR's short term assets ($1.0B) do not cover its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: NBR's debt to equity ratio (188.6%) is considered high.

Reducing Debt: NBR's debt to equity ratio has increased from 91.7% to 188.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NBR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NBR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.7% per year.


Dividend

What is Nabors Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NBR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NBR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NBR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NBR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NBR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NBR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Tony Petrello (66 yo)

9.75yrs

Tenure

US$17,538,345

Compensation

Mr. Anthony G. Petrello, also known as Tony, is President, Chief Executive Officer, Secretary and Director at Nabors Energy Transition Corp. since March 2021. He has been the Chief Executive Officer of Nab...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD17.54M) is above average for companies of similar size in the US market ($USD2.44M).

Compensation vs Earnings: Tony's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: NBR's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: NBR's board of directors are considered experienced (9.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.9%.


Top Shareholders

Company Information

Nabors Industries Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nabors Industries Ltd.
  • Ticker: NBR
  • Exchange: NYSE
  • Founded: 1952
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: US$706.089m
  • Shares outstanding: 8.09m
  • Website: https://www.nabors.com

Number of Employees


Location

  • Nabors Industries Ltd.
  • Crown House
  • Second Floor
  • Hamilton
  • HM 08
  • Bermuda

Listings


Biography

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, Int...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/24 00:41
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.