Shares of Nabors Industries NBR rose 3.52% in after-market trading after the company reported Q2 results.
Quarterly Results
Revenue of $533,931,000 decreased by 30.78% year over year, which missed the estimate of $536,900,000.
Looking Ahead
Nabors Industries hasn't issued any earnings guidance for the time being.
Nabors Industries hasn't issued any revenue guidance for the time being.
Technicals
Company's 52-week high was at $87.00
Company's 52-week low was at $0.20
Price action over last quarter: Up 248.35%
Company Description
Nabors is one of the world's largest land rig drilling contractors. The company has more than 500 land rigs, more than 600 land workover rigs, and numerous offshore rigs that drill for oil and natural gas globally. The company derives about 75% of its revenue from North America. In addition, Nabors provides well servicing, engineering, transportation, and other services for oil and gas producers.
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