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Nabors Industries (NBR)

(Delayed Data from NYSE)

$77.20 USD

77.20
168,015

+0.96 (1.26%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $77.12 -0.08 (-0.10%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 38% (156 out of 252)

Industry: Oil and Gas - Drilling

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Balance Sheet

Research for NBR

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Nabors Industries Ltd falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,070 452 991 482 453
Receivables 348 327 288 363 453
Notes Receivable 0 0 0 0 0
Inventories 148 128 126 161 176
Other Current Assets 80 93 112 126 167
Total Current Assets 1,646 1,001 1,518 1,131 1,249
Net Property & Equipment 2,899 3,026 3,333 3,986 4,931
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 239 257 259 247 306
Intangibles 0 0 0 0 28
Deposits & Other Assets 495 446 416 139 247
Total Assets 5,278 4,730 5,525 5,503 6,761
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 294 314 254 221 295
Current Portion Long-Term Debt 630 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 230 248 247 276 333
Income Taxes Payable 54 28 19 10 15
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 1,214 596 525 515 657
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1 3 3 2 3
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,512 2,538 3,263 2,969 3,333
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,009 1,056 1,016 761 718
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,736 4,193 4,806 4,247 4,710
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 0 0 0
Capital Surplus 3,539 3,536 3,455 3,424 3,413
Retained Earnings -1,886 -1,841 -1,538 -946 -105
Other Equity 205 157 118 94 56
Treasury Stock 1,316 1,316 1,316 1,316 1,314
Total Shareholder's Equity 542 537 719 1,257 2,050
Total Liabilities & Shareholder's Equity 5,278 4,730 5,525 5,503 6,761
Total Common Equity 542 537 719 1,257 2,050
Shares Outstanding 9.40 9.40 8.20 8.30 7.20
Book Value Per Share 57.66 57.11 87.68 151.42 284.74

Fiscal Year End for Nabors Industries Ltd falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,070 407 429 476
Receivables NA 348 325 297 307
Notes Receivable NA 0 0 0 0
Inventories NA 148 146 152 144
Other Current Assets NA 80 83 99 86
Total Current Assets NA 1,646 961 978 1,013
Net Property & Equipment NA 2,899 2,946 2,964 2,977
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 239 239 244 252
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 495 581 277 458
Total Assets NA 5,278 4,727 4,463 4,700
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 294 287 302 307
Current Portion Long-Term Debt NA 630 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 230 213 206 190
Income Taxes Payable NA 54 23 31 38
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 1,214 529 544 540
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 1 2 2 3
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 2,512 2,501 2,503 2,562
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,147 822 1,012
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 4,736 4,179 3,872 4,118
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1 1 1 1
Capital Surplus NA 3,539 3,536 3,538 3,533
Retained Earnings NA -1,886 -1,862 -1,809 -1,804
Other Equity NA 205 190 179 169
Treasury Stock NA 1,316 1,316 1,316 1,316
Total Shareholder's Equity NA 542 548 592 582
Total Liabilities & Shareholder's Equity NA 5,278 4,727 4,463 4,700
Total Common Equity 0 542 548 592 582
Shares Outstanding 9.40 9.40 9.40 9.50 9.50
Book Value Per Share 0.00 57.66 58.32 62.28 61.30