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Nabors Industries: A Better Tomorrow

May 06, 2021 7:47 AM ETNabors Industries Ltd. (NBR)HP3 Comments


  • Nabors Industries reported first-quarter 2021 revenues and other income totaling $460.51 million, down significantly from $718.36 million in the same quarter of last year.
  • The total rigs on revenue are now 139, up 4.5% sequentially, with average utilization up from 34% to now 36%.
  • Nabors' outlook is getting slightly better, but progress is not apparent enough, and I still see a struggling company trying to stay afloat.
  • Looking for a helping hand in the market? Members of The Gold And Oil Corner get exclusive ideas and guidance to navigate any climate. Learn More »

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Investment Thesis

Nabors Industries (NYSE:NBR) released its first-quarter 2021 results on April 28, 2021.

NBR reported a first-quarter 2021 loss of $20.16 per share, which missed analysts' expectations. This setback was essentially due to weak performance at

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Comments (3)


Interesting update, thanks. TBH, I thought this company was dead, or whatever, by now. I remember trading in and out of this share years ago, but my principle recollection is that they had the highest-paid CEO (a lawyer, I believe) in, like, the world (or there-abouts). Maybe he took a massive paycut with the downturn - but I doubt it. I suppose if I get bored with online poker I might take a shot again one day, but I do wish these guys would stop rewarding themselves so handsomely - it's not like they are doing an Elon Musk.
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@Norman Bates at Disneyland
Thank you, always appreciate your comment.
You know that companies never die really. One restructuring and the magic happens...
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