Nabors Industries (NBR, Financial) experienced a significant stock price increase of 5.15%, reaching $67.00 per share. The trading volume was 156,814 shares with a turnover rate of 1.64% and a price fluctuation of 4.32%. Recent financial reports indicate the company generated $732 million in revenue, with a net loss of $63.19 million, translating to an earnings per share (EPS) of -$6.86 and a gross profit of $141 million. The price-to-earnings (P/E) ratio stands at -2.78.
In terms of analyst ratings, 10% of the ten participating institutions recommend buying, 80% suggest holding, and 10% advise selling Nabors Industries stock. The broader oil and gas exploration and development sector saw an overall increase of 3.60%. Notable gainers in this sector include Prairie Operating Co., Houston Energy, and Aleanna Inc C/Wts 13/12/2029 (To Pur Com). Trio Petroleum Corp., Eon Resources Inc., and Prairie Operating Co. were particularly active, with turnover rates of 40.23%, 16.39%, and 4.11%, respectively. Stocks with significant price fluctuations included Prairie Operating Co., New Era Helium Inc, and Houston Energy, with variances of 45.79%, 25.75%, and 15.95%.
Nabors Industries Ltd. operates a fleet of land drilling rigs and provides offshore platform rigs in the U.S. and international markets. The company offers high-performance tools, directional drilling, casing services, and innovative technologies. It operates in over 15 countries, with 291 active land rigs and 28 offshore platform rigs. Its primary revenue source is international drilling operations, divided into five reporting segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.
