For its second fiscal quarter (ending June 30), Nabors Industries Ltd (NYSE: NBR) has reported E.P.S. of $-4.29 compared to $-0.31 a year ago. This performance was $-2.70 short of the consensus estimate of $-1.59. E.P.S. were $-17.79 for the latest four quarters through June 30 versus $-5.62 for the same period a year ago.
Recent Price Action
On 7/23/24, Nabors Industries Ltd (NYSE: NBR) stock declined modestly by -1.0%, closing at $81.00. Moreover, trading volume in this decline was above average at 122% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 3.1% during the last week.
Current PriceTarget Research Rating
NBR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Nabors Industries has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nabors Industries has a poor Appreciation Score of 20 and a very low Power Rating of 14, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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