Back to top

Image: Bigstock

Nabors Industries Ltd.

Read MoreHide Full Article

With leading positions in most natural gas and oil-based shale plays, Nabors Industries is a big player in the North American land drilling market. The company continues to fare well on its aggressive cost-management techniques and strong performance by the international business segment. However, the road ahead is expected to be bumpy as Nabors' businesses are susceptible to the sharp slowdown in drilling activity levels, due to low oil and gas prices. In particular, the deteriorating North American market, with tumbling rig count, is bound to affect the revenue and utilization of the company. As such, we do not anticipate any significant upside in the near future and expect the stock to perform in line with the broader market.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Nabors Industries Ltd. (NBR) - free report >>

Published in