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NBR

Nabors Industries Ltd.

6/19/2013, 5:27 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, June 7, 8:10 AM Brushing aside the wishes of shareholders, Nabors Industries (NBR) rejects the resignations of directors John Lombardi and John Yearwood after both received less than 48% of shareholder votes cast at its annual meeting earlier this week. NBR, which had unsuccessfully sought to exclude proxy access from the ballot, counted broker non-votes in the outcome of the non-binding resolutions. Comment! [Energy]
Monday, May 20, 5:35 PM Deutsche Bank remains bullish on oil service stocks (OIH), seeing favorable underlying trends in Q1 as North American margins improved Q/Q despite a decline in the rig count, suggesting significant operating leverage as activity levels recover. DB's four top stocks to buy, all with price targets well in excess of Wall Street consensus: BHI, HAL, NBR, HERO. Comment! [Energy, Quick Ideas]
Wednesday, April 24, 2:37 PM Nabors Industries (NBR -2.8%) reverses gains made at the open to trade lower on a mixed Q1 result late yesterday. Net profits fell 26% Y/Y as the drilling contractor was hit by weaker profits across all its main business segments, including a steep decline in its U.S. drilling and rig-services division. During its call, the company noted that it's looking to shed its E&P assets, including its barges and jackup rigs, and says its hired an outside adviser to review its assets over the summer. Comment! [Earnings, On the Move, Commodities]
Tuesday, April 23, 4:07 PM Nabors Industries (NBR): Q1 EPS of $0.33 beats by $0.05. Revenue of $1.58B misses by $0.06B. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 23, 12:10 AM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Monday, April 22, 5:35 PM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Friday, April 5, 2:12 PM Nabors Industries (NBR +4.8%) rallies after yesterday's move to add two independent directors to its board under pressure from its largest shareholder, Pamplona Capital. NBR CEO Anthony Petrello says the board is evaluating strategies to enhance shareholder value, including improving its capital structure, reviewing its mix of businesses and improving operating performance. 1 Comment [Energy, On the Move]
Thursday, April 4, 5:01 PM Nabors Industries (NBR) says its board has expanded to eight members from the current seven, and subsequently appointed Howard Wolf to fill the newly created vacancy. Wolf is a former senior partner with Fulbright & Jaworski, where he practiced law from 1959 until his retirement in 2003. Comment! [Energy]
Thursday, March 21, 9:38 AM Goldman Sachs believes the selloff in oil service stocks creates a buying opportunity, as it sees Q1 earnings growing at a faster rate driven by completion work. The firm expects Halliburton (HAL) to report in-line Q1 results and recommends buying on the recent pullback, suggests Basic Energy (BAS) on better utilization, and likes Nabors Industries (NBR) on relative valuation. 9 Comments [Energy, Quick Ideas]
Thursday, March 14, 9:59 AM Nabors Industries (NBR +1.2%) is paying CEO Anthony Petrello $60M in return for giving up potentially unlimited annual bonuses and tying his future compensation to company performance. It's "a step in the right direction," a Calpers exec says, but NYC Comptroller John Liu, trustee for pension funds that sponsored NBR's director nomination proposal, still has "serious concerns" about board accountability. Comment! [Energy]
Friday, March 1, 2:10 PM Nabors Industries (NBR -1.3%) discloses that a DOJ investigation into one of its vendors has concluded without any enforcement action against the company. (10-K) Comment! [Energy]
Wednesday, February 20, 3:43 PM Nabors Industries' (NBR) weak Q4 should pressure management to take stronger restructuring steps, Goldman's Waqar Syed says; shares are undervalued vs. peers, "a major change for a company that has historically traded at a premium." Of all 67 stocks on Goldman's Conviction Buy list, NBR is one of nine eyed for 30%-plus upside; the others are PANW, AAPL, HAL, TUMI, PRU, F, THOR, CBST. 1 Comment [Energy, Quick Ideas]
Wednesday, February 20, 2:29 PM Nabors Industries (NBR -6.7%) shares swoon after dismal Q4 results which Tudor Pickering analysts call "messy/disappointing," saying no business line is the single culprit but lower baseline suggests weaker than expected 2013 EPS. Positives included ~$460M in net debt reduction and nine additional long-term land rig contracts, but those were "overshadowed by operational shortfall." Comment! [Energy, On the Move]
Tuesday, February 19, 5:16 PM More on Nabors' (NBR) Q4 results: Adjusted operating earnings for the U.S. lower 48 land-drilling business, NBR's largest segment, fell 27% Y/Y, while its completion and production services segment dropped 50% amid weakness in the domestic pressure-pumping business. Expects a marked decline in Q1 income given low rig counts and depressed spot market rates. Shares -2.3% AH. Comment! [Energy, Earnings, On the Move]
Tuesday, February 19, 4:19 PM Nabors Industries (NBR): Q4 EPS of $0.44 beats by $0.15. Revenue of $1.63B (-6.4% Y/Y) misses by $30M. (PR) Comment! [Earnings, Breaking News, Energy]
Tuesday, February 19, 12:10 AM Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI Comment! [Earnings]