Nabors Industries (NBR, Financial) experienced a significant stock movement, with a sharp decline of 5.01%. The stock is currently priced at $73.43 per share, with a trading volume of 131,901 shares, a turnover rate of 1.38%, and a price fluctuation of 6.02%.
Recent financial reports show Nabors Industries generated $732 million in revenue, but reported a net loss of $63.19 million, translating to an earnings per share (EPS) of -$6.86. The company's gross profit stands at $141 million, with a price-to-earnings (P/E) ratio of -3.06. Among 11 rating institutions, 9% recommend buying, 82% suggest holding, and 9% advise selling the stock.
Within the oil and gas exploration and production sector, where Nabors Industries operates, the overall decline was 5.23%. In contrast, stocks such as Battalion Oil Corporation, Comstock Resources, and Antero Resources Corporation saw notable gains. Meanwhile, Trio Petroleum Corp., Indonesia Energy Corporation Limited, and Eon Resources Inc. were particularly active, with turnover rates of 16.74%, 4.15%, and 3.87%, respectively. Eon Resources Inc., Highpeak Energy Inc C/Wts 21/08/2025 (To Pur Com), and Tamboran Resources Corporation exhibited significant price fluctuations of 31.37%, 18.36%, and 14.03%, respectively.
Nabors Industries operates a fleet of land drilling rigs and supplies offshore platform rigs in both U.S. and international markets. The company provides high-performance tools, directional drilling services, casing running services, and innovative technologies. Nabors Industries has operations in over 15 countries, with 291 active land drilling rigs and 28 active offshore platform rigs. Its primary revenue source is the international drilling segment, supported by five reporting segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.
