Nabors Industries (NBR) Ticks Lower Ahead of Q4 Report
Get Alerts NBR Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 1.2%
Revenue Growth %: -7.1%
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Nabors Industries (NYSE: NBR) is lower Monday heading into the company's Q4 report, which is expected out after markets close.
Current consensus estimates peg NBR reporting Q4 EPS of $0.39 with revenue of $1.8 billion, from EPS of $0.42 and revs of $1.6 billion posted during the same period last year. NBR also reported EPS of $0.39 for Q314.
Money flow is just about flat at positive $182,000. Short interest was also stable at about 21.7 million shares, or 7.8 percent of float, though the middle of last month.
Investors are likely to listen for commentary on oil market amid recent price dips and continued volatility, as well as additional color on the C&J Energy Services (NYSE: CJES) deal. Notably, C&J is holding a special shareholder meeting on March 20th to vote on the matter.
Shares of NBR are down 3 percent.
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