Nabors Industries (NBR)

Nabors Industries (NBR) second-quarter earnings of $0.32 per share topped the Zacks Consensus Estimate of $0.28 buoyed by stronger margins associated with new rig deployments in its international operations and solid performance from the Alaska sub-segment.

However, results were significantly below year-earlier levels, reflecting a sustained slowdown in North American activity levels.

We remain concerned about the North American land drilling scene and its impact on Nabors, the largest onshore driller. This, coupled with the company s relatively weak balance sheet in an environment of continued credit market turmoil, accounts for our Underperform recommendation.

Nabors Industries (NBR) : FULL ANALYST REPORT

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Symbol	Price	Net	% Change	Zacks Rank	Zacks Rec
NBR	18.98	-$0.54	-2.77 %	PREMIUM	PREMIUM

DJIA	12801.23	-89.23	-0.69%
NASD	2903.88	-23.35	-0.80%
S&P 500	1342.64	-9.31	-0.69%

Nabors Industries (NBR)

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