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1 Comment
Nabors Industries Ltd is currently in a long term uptrend where the price is trading 38.5% above its 200 day moving average.
From a valuation standpoint, the stock is 99.6% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.3.
Nabors Industries Ltd's total revenue sank by 37.9% to $443M since the same quarter in the previous year.
Its net income has increased by 58.8% to $-108M since the same quarter in the previous year.
Finally, its free cash flow fell by 69.1% to $59M since the same quarter in the previous year.
Based on the above factors, Nabors Industries Ltd gets an overall score of 3/5.
ISIN | BMG6359F1370 |
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CurrencyCode | EUR |
Exchange | F |
Industry | Oil & Gas Drilling |
Sector | Energy |
Dividend Yield | 0.0% |
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Beta | 2.8 |
Target Price | 93.78 |
PE Ratio | None |
Market Cap | 1B |
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. The company marketed approximately 300 rigs for land-based drilling operations; and 29 rigs for offshore platform drilling operations. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
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