Nabors Industries (NBR, Financial) experienced a notable stock movement with a 5.04% increase in its share price, reaching $53.77. The trading volume was 130,046 shares, with a turnover rate of 1.36% and a volatility of 7.01%. The latest financial report revealed revenues of $732 million, a net loss of $63.19 million, and an earnings per share of -$6.86. The company's gross profit stood at $141 million, with a price-to-earnings ratio of -2.24. Among analysts, 9% recommend buying, 82% suggest holding, and 9% advise selling.
In the oil and gas exploration sector, where Nabors operates, the overall increase was 0.91%. Notable performers in the field include New Era Helium Inc and Aleanna Inc, showing significant price movements and trading activities.
Nabors Industries owns and operates a fleet of land drilling rigs and provides offshore platform rigs in the U.S. and international markets. The company operates in over 15 countries with five reporting segments, primarily generating revenue from international drilling operations.
