Nabors Industries (NBR) Earns Daily Media Sentiment Rating of 0.13

Media headlines about Nabors Industries (NYSE:NBR) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nabors Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.7576699018258 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Nabors Industries (NYSE NBR) opened at $5.95 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.27. Nabors Industries has a 1 year low of $5.32 and a 1 year high of $18.40.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings results on Tuesday, October 24th. The oil and gas company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.09). The business had revenue of $662.50 million during the quarter, compared to the consensus estimate of $674.03 million. Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.55) earnings per share. equities analysts anticipate that Nabors Industries will post -1.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Tuesday, December 12th. Nabors Industries’s dividend payout ratio is presently -8.96%.

A number of brokerages recently weighed in on NBR. BMO Capital Markets reissued a “hold” rating and issued a $8.00 price objective on shares of Nabors Industries in a research note on Wednesday, September 6th. Jefferies Group reissued a “neutral” rating on shares of Nabors Industries in a research note on Thursday, September 7th. Zacks Investment Research raised Nabors Industries from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Citigroup reissued a “buy” rating and issued a $8.00 price objective (down from $9.00) on shares of Nabors Industries in a research note on Wednesday, September 13th. Finally, UBS cut their price objective on Nabors Industries from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $11.30.

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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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