Nabors Industries (NBR, Financial) recently experienced a notable stock price decline of 5.12%. The stock is currently priced at $79.99, with a trading volume of 143,605 shares and a turnover rate of 1.50%. The stock's fluctuation amplitude reached 5.42%.
In its latest earnings report, Nabors revealed a revenue of $732 million but reported a net loss of $63.19 million, equating to an earnings per share (EPS) of -$6.86 and a gross profit of $141 million. The price-to-earnings (P/E) ratio stands at -3.34.
Regarding market sentiment, of the 11 analysts covering the stock, 9% recommend buying, 82% suggest holding, and 9% advise selling. The broader oil and gas exploration and development industry saw a slight decline of 0.71%.
Other notable stocks in the sector include Highpeak Energy Inc, Kolibri Global Energy Inc., and Houston Energy, which recorded significant gains. Nabors, along with Indonesia Energy Corporation Limited and Houston Energy, remained active, with turnover rates of 1.51%, 1.95%, and 3.17%, respectively. Stocks showing high volatility include Kolibri Global Energy Inc., Callon Petroleum, and Valeura Energy, with respective amplitudes of 12.35%, 9.35%, and 8.32%.
Nabors Industries is known for owning and operating a fleet of land drilling rigs and supplying offshore platform rigs in both the U.S. and international markets. The company also provides high-performance tools, directional drilling services, casing running services, and innovative technology across more than 15 countries. Nabors has 291 active land rigs and 28 active offshore platform rigs, with its main revenue stream coming from international drilling operations.
