Nabors Industries Ltd (NYSE: NBR) |
|
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
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Customers Net Income fell by |
NBR's Customers Net Profit Margin fell to |
-21.84 % |
10.31 %
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Stock Performances by Major Competitors |
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Stocks on the Move
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...
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Stocks on the Move
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...
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Stocks on the Move
Published Tue, Jun 25 2024 4:19 PM UTC
Sub...
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Merger and Acquisition
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...
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Nabors Industries Ltd
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.
|
Per Share |
Current |
Earnings (TTM) |
-14.76 $ |
Revenues (TTM) |
251.27 $
|
Cash Flow (TTM) |
- |
Cash |
34.63 $
|
Book Value |
55.67 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
-14.76 $
|
Revenues (TTM) |
251.27 $ |
Cash Flow (TTM) |
- |
Cash |
34.63 $
|
Book Value |
55.67 $ |
Dividend (TTM) |
0 $ |
|
|
|
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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