NABORS INDUSTRIES Makes Deal of the Week in its Year in Review
December 6, 2023
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NABORS INDUSTRIES ($NYSE:NBR) is an energy services provider specializing in land-based drilling rigs and offshore platforms. It is the largest provider of land-based drilling rigs in the world, as well as the largest onshore, gas-directed drilling company in North America. This past year has seen NABORS INDUSTRIES make headlines thanks to their acquisition of Drilling Tools International and Nabors Energy Transition Corp. The two deals have been recognized as Deal of the Week in various publications. This acquisition provides NABORS INDUSTRIES with a comprehensive portfolio of products and services related to drilling operations, as well as access to cutting-edge technology. The acquisition was seen as a key move in the company’s strategy to become a leading provider of drilling solutions for oil and gas producers.
This acquisition extends NABORS INDUSTRIES’ reach into oilfield services, providing the company with a suite of new technologies and products to meet customer needs. This acquisition also further strengthens the company’s commitment to providing innovative solutions to the energy industry. Overall, it has been an eventful year for NABORS INDUSTRIES as the company continues to grow and expand its business capabilities. The acquisitions of Drilling Tools International and Nabors Energy Transition Corp. have solidified NABORS INDUSTRIES’ position as a leader in energy services, and are indicative of its commitment to providing innovative solutions to its customers.
Stock Price
On Thursday, NABORS INDUSTRIES announced its Deal of the Week as part of its Year in Review. The stock opened at $89.8 and closed at $86.8, down by 1.7% from last closing price of 88.3. This is the first time in months that the company’s stock has been down from the previous day’s close, as NABORS INDUSTRIES has seen their stock steadily increase over the past year. The Deal of the Week includes a wide variety of projects and services intended to drive growth and expansion in the future.
With a focus on improving efficiency and developing new technologies, NABORS INDUSTRIES is looking to ensure their long-term success in the industry. With the current market conditions, NABORS INDUSTRIES’ Deal of the Week is a step forward to secure and expand their market share. The announcement of this new deal is sure to impact the company’s future outlook, as investors and analysts are sure to take note. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nabors Industries. More…
| Total Revenues | Net Income | Net Margin |
| 3.04k | -64.15 | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nabors Industries. More…
| Operations | Investing | Financing |
| 655.93 | -530.68 | -4.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nabors Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.73k | 3.34k | 36.79 |
Key Ratios Snapshot
Some of the financial key ratios for Nabors Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | -61.9% | 8.3% |
| FCF Margin | ROE | ROA |
| 4.9% | 42.2% | 3.4% |
Analysis
Analyzing the financials of NABORS INDUSTRIES using GoodWhale, it’s clear that the company is strong in terms of assets, medium in terms of growth, profitability, and weak in dividend. The company is classified as ‘cheetah’ – a type of company that has high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company would likely attract investors looking for an opportunity to make quick returns. However, since NABORS INDUSTRIES has an intermediate health score of 6/10 when it comes to cashflows and debt, investors should be aware that the company might be able to pay off debt and fund future operations. More…
Peers
It is based in Houston, Texas and was founded in 1952. The company provides services to exploration, drilling, and production companies. Nabors Industries Ltd has a market cap of $4.21 billion and its competitors are Exterran Corp, Independence Contract Drilling Inc, and Stampede Drilling Inc.
– Exterran Corp ($NYSE:EXTN)
Independence Contract Drilling Inc. is a drilling contractor that provides land-based drilling services to exploration and production companies in North America. The company has a market cap of $45.07 million and a return on equity of -19.45%. Independence Contract Drilling provides services under contracts that specify the number of wells to be drilled, the locations of the wells, and the duration of the contracts. The company’s customers include some of the largest oil and gas companies in the world.
– Independence Contract Drilling Inc ($NYSE:ICD)
Stampede Drilling Inc is a Canadian drilling company that provides drilling services to the oil and gas industry. The company has a market cap of $64.83 million and a return on equity of 4.88%.
Summary
NABORS Industries is a leading provider of drilling services and drilling equipment in the oil and gas industry. The company has a solid balance sheet and experienced management team, making it an attractive choice for many investors.
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