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Nabors Industries Ltd  (NYSE: NBR)
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Price: $34.8900 $1.29 3.839%
Day's High: $37.5 Week Perf: 8.79 %
Day's Low: $ 33.90 30 Day Perf: 7.55 %
Volume (M): 642 52 Wk High: $ 105.96
Volume (M$): $ 22,413 52 Wk Avg: $58.98
Open: $35.53 52 Wk Low: $23.27



 Market Capitalization (Millions $) 407
 Shares Outstanding (Millions) 12
 Employees 12,000
 Revenues (TTM) (Millions $) 2,933
 Net Income (TTM) (Millions $) -22
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 628

Nabors Industries Ltd
Nabors is the largest land drilling contractor in the world, with almost 600 land drilling rigs. We conduct oil, gas and geothermal land drilling operations in the U.S. Lower 48 states, Alaska, Canada, South and Central America, the Middle East, the Far East, and Africa. We are also one of the largest land well-servicing and workover contractors in the United States and Canada. We own approximately 750 land workover and well-servicing rigs in the United States, primarily in the southwestern and western United States, and approximately 200 land workover and well-servicing rigs in Canada. Nabors is a leading provider of offshore platform workover and drilling rigs, and owns 45 platform, 16 jack-up and three barge rigs in the Gulf of Mexico and international markets. These rigs provide well-servicing, workover and drilling services. We also have a 50% ownership interest in a joint venture in Saudi Arabia, which owns 17 rigs.


To further supplement and complement our primary business, we offer a wide range of ancillary well-site services, including engineering, transportation, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services in selected domestic and international markets. Our land transportation and hauling fleet includes approximately 240 rig and oilfield equipment hauling tractor-trailers and a number of cranes, loaders and light-duty vehicles. We maintain approximately 300 fluid hauling trucks, approximately 800 fluid storage tanks, ten salt water disposal wells and other auxiliary equipment used in drilling, workover and well-servicing operations in the United States. In addition, we time charter a fleet of 31 marine transportation and supply vessels, which provide transportation of drilling materials, supplies and crews for offshore operations primarily in the Gulf of Mexico. We manufacture and lease or sell top drives for a broad range of drilling applications, directional drilling systems, rig instrumentation and data collection equipment, and rig reporting software. We have also made selective investments in oil and gas exploration, development and production activities, most recently with El Paso Corporation.

The majority of our business is conducted through our various Contract Drilling operating segments, which include our drilling, workover and well-servicing operations, on land and offshore. Our operating segments engaged in marine transportation and supply services, drilling technology and top drive manufacturing, directional drilling, rig instrumentation and software, and construction and logistics operations are aggregated in a category labeled Other Operating Segments for segment reporting purposes. Our limited oil and gas exploration, development and production operations are included in a category labeled Oil and Gas for segment reporting purposes.

Our rigs include land-based rigs and offshore platform, jack-up and barge rigs. Drilling rigs come in a wide variety of sizes and capabilities, and may include specialized equipment, such as top drives, or have design features or modifications for specialized drilling conditions, such as arctic drilling. The rigs are classified by their depth capabilities and by whether their power systems are mechanical or electric. They generally are powered by two to four large diesel engines. An electric rig differs from a mechanical rig in that it converts the diesel power into electricity to power the rig. This gives the rig operator the ability to deliver the same amount of torque at high and low speeds, permitting more finite control of the primary rig components, including the drawworks and mud pumps. We believe this electric capability enhances operating efficiency and safety, reduces drilling time and saves the customer money, particularly in deeper applications. Because of these advantages, diesel electric rigs, known in the industry as silicon-controlled rectifier or SCR rigs, generally are preferred by our customers, and often enjoy higher utilization and dayrates than similarly sized mechanical rigs.

Our customers include major oil and gas companies, foreign national oil and gas companies and independent oil and gas companies.

Our industry remains very competitive. The number of rigs continues to exceed demand in many of our markets, resulting in strong price competition. Many rigs can be readily moved from one region to another in response to changes in levels of activity, which may result in an oversupply of rigs in such areas. Many of the total available contracts are currently awarded on a bid basis, which further increases competition based on price. The land drilling, workover and well-servicing market is generally more competitive than the offshore market due to the larger number of rigs and market participants.


Nabors has two primary competitors, Doyon Drilling, Inc. and Nordic Calista Services. Kuukpik Drilling has also made attempts to enlarge its presence in this market. In Canada and offshore, Nabors competes with many firms of varying size, several of which have more significant operations in those areas than Nabors.



   Company Address: Crown House Hamilton 0
   Company Phone Number: 292-1510   Stock Exchange / Ticker: NYSE NBR


Customers Net Income fell by NBR's Customers Net Profit Margin fell to

-21.84 %

10.31 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HP        3.86% 
NE        3.34% 
PTEN        10.12% 
RIG        15.68% 
SDRL        7.84% 
VAL        6.72% 
• View Complete Report
   



Stocks on the Move

Nabors Industries Ltd Struggles Amidst Market Performance, Impending Demolition, and Analyst Insights

Published Mon, Aug 19 2024 7:54 PM UTC

In recent months, Nabors Industries Ltd, a prominent player in the energy sector, has been facing challenges that have impacted its stock performance. With shares trailing behind the overall market, the company s recent news, including the announcement of the demolition of Capital One Tower and analyst insights, have added to its turbulent journey. This article aims to exami...

Stocks on the Move

Nabors Industries Ltd Struggles Against the Tide in Turbulent Market Conditions

Published Wed, Jun 26 2024 3:29 AM UTC

Nabors Industries Ltd, a renowned provider of land-based drilling rig fleet and offshore platform drilling rigs, has experienced a series of setbacks this week, causing the under-performance of its shares. The company, which recorded a cumulative net loss of $20 million in the first quarter of 2024, has witnessed a negative return on investment (ROI) of -0.5%. These disappoi...

Stocks on the Move

Nabors Industries Faces Challenging Market Conditions, Seeks Revitalization

Published Tue, Jun 25 2024 4:19 PM UTC

Sub...

Merger and Acquisition

Vast Renewables Completes Business Combination with Nabors Energy Transition Corp., Boosting Renewable Energy Efforts

Published Mon, Dec 18 2023 9:51 PM UTC


Breaking News:
SYDNEY & HOUSTON - Vast Renewables Limited, a leading renewable energy company specializing in concentrated solar thermal power (CSP) energy systems, announced today the successful completion of its business combination with Nabors Energy Transition Corp., an affiliate of Nabors Industries Ltd. This partnership marks a significant milestone in the pur...

Nabors Industries Ltd

Oil Well Services & Equipment Company, Nabors Industries Ltd, Records a $0.31 Per Share Loss Despite Revenue Surge in Recent Fiscal Period



Nabors Industries Ltd, a prominent player in the Oil Well Services & Equipment sector, recently reported its financial results for the most recent fiscal period. While the company witnessed a significant surge in revenue, there were several other factors that could potentially impact its future performance.
Revenue Growth and Earnings:
Nabors Industries Ltd recorded an impressive revenue growth of 21.575% in the latest fiscal period, amounting to $767.07 million. However, the company faced a loss of $-0.31 per share during this period, signaling a contrast to its revenue growth. It is important to delve into the performance of the Oil Well Services & Equipment sector as a whole to properly assess the company's second-quarter performance.







Nabors Industries Ltd's Segments
U S Drilling    31.34 % of total Revenue
International Drilling    51.85 % of total Revenue
Drilling Solutions    12.66 % of total Revenue
Rig Technologies    6 % of total Revenue
Other items    -1.85 % of total Revenue
Lower 48    34.83 % of total Revenue
U S Offshore Gulf Of Mexico    3.61 % of total Revenue
Alaska    2.65 % of total Revenue
Canada    0.69 % of total Revenue
Middle East Asia    40.37 % of total Revenue
Latin America    15.86 % of total Revenue
Europe Africa CIS    3.85 % of total Revenue
U S Drilling Lower 48    25.59 % of total Revenue
U S Drilling U S Offshore Gulf Of Mexico    3.23 % of total Revenue
U S Drilling Alaska    2.52 % of total Revenue
International Drilling Canada    0.35 % of total Revenue
International Drilling Middle East Asia    35.1 % of total Revenue
International Drilling Latin America    12.97 % of total Revenue
International Drilling Europe Africa CIS    3.43 % of total Revenue
Drilling Solutions Lower 48    6.68 % of total Revenue
Drilling Solutions U S Offshore Gulf Of Mexico    0.37 % of total Revenue
Drilling Solutions Alaska    0.13 % of total Revenue
Drilling Solutions Canada    0.08 % of total Revenue
Drilling Solutions Middle East Asia    2.4 % of total Revenue
Drilling Solutions Latin America    2.7 % of total Revenue
Drilling Solutions Europe Africa CIS    0.3 % of total Revenue
Rig Technologies Lower 48    2.56 % of total Revenue
Rig Technologies Canada    0.25 % of total Revenue
Rig Technologies Middle East Asia    2.88 % of total Revenue
Rig Technologies Latin America    0.19 % of total Revenue
Rig Technologies Europe Africa CIS    0.12 % of total Revenue
Eliminations other    -1.85 % of total Revenue
Eliminations other Other    -1.85 % of total Revenue





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