Nabors Industries (NBR) Earns Coverage Optimism Score of 0.17

News headlines about Nabors Industries (NYSE:NBR) have been trending somewhat positive on Friday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nabors Industries earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.6232763354117 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern’s analysis:

Nabors Industries (NYSE NBR) opened at $6.54 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.27 and a debt-to-equity ratio of 1.35. Nabors Industries has a fifty-two week low of $5.32 and a fifty-two week high of $18.40.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, October 24th. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.09). Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. The firm had revenue of $662.50 million during the quarter, compared to the consensus estimate of $674.03 million. During the same quarter in the prior year, the business posted ($0.55) EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. sell-side analysts expect that Nabors Industries will post -1.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.67%. The ex-dividend date is Tuesday, December 12th. Nabors Industries’s dividend payout ratio (DPR) is currently -8.96%.

A number of equities research analysts recently weighed in on NBR shares. Societe Generale started coverage on shares of Nabors Industries in a research note on Thursday, August 31st. They issued a “hold” rating and a $7.00 target price on the stock. Jefferies Group raised shares of Nabors Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $6.19 to $9.00 in a research note on Wednesday, November 8th. Citigroup reaffirmed a “buy” rating and issued a $8.00 target price (down from $9.00) on shares of Nabors Industries in a research note on Wednesday, September 13th. BMO Capital Markets reissued a “hold” rating and set a $8.00 price target on shares of Nabors Industries in a research note on Wednesday, September 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $12.50 price target on shares of Nabors Industries in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.07.

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About Nabors Industries

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

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