Today’s Hot Stock Under Review: Nabors Industries Ltd. (NYSE: NBR)

Nicholas Stoffel

HAMILTON, Bermuda, January 25, 2020 – Shares of Nabors Industries Ltd. (NYSE: NBR) declined -1.69% to $2.91. The stock traded total volume of 5.906M shares lower than the average volume of 7.98M shares.

Nabors Industries Ltd. (NYSE: NBR) reported third quarter 2019 operating revenues of $758.0M, compared to operating revenues of $771.0M in the second quarter.  Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $123.0M, or $0.37 per share, compared to a loss of $208.0M, or $0.61 per share, in the prior quarter. The third quarter’s results included after-tax charges of $23.30M, or $0.06 per share, related to a foreign tax settlement and foreign exchange losses.

NBR has the market capitalization of $1.19B and its EPS growth ratio for the past five years was -42.00%. The return on assets ratio of the Company was -8.60% while its return on investment ratio stands at -5.50%. Price to sales ratio was 0.38 while 81.50% of the stock was owned by institutional investors.

Nicholas Stoffel

Nicholas Stoffel

I am Nicholas Stoffel and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Tech Business Week with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. Address: 2598 Pinchelone Street Princess Anne, VA 23456, USA Phone: (+1) 757-385-7821 Email: Nicholasstoffel@techbusinessweek.com