Nabors' (NBR) Price Target Raised to $17 at Morgan Stanley

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Nabors Announces First Quarter Results

April 25, 2016 4:17 PM EDT

HAMILTON, Bermuda, April 25, 2016 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) today reported first quarter 2016 operating revenues of $597.6 million, compared to operating revenues of $738.9 million in the fourth quarter of last year.  Net income (loss) from continuing operations for the quarter was a loss of $396.6 million, or ($1.41) per diluted share, compared to a loss of $161.1 million, or ($0.57) per diluted share, last quarter.   The net loss from continuing operations for the first quarter included a per share loss of $1.12 per share due to impairments to the carrying value of the... More