The Reason Behind Nabors Industries Ltd. Success
Nabors is an industry that has been making use of contemporary items in its operations. All through, it has set its sights on oil and gas exploration, a sector it currently excels. Nabors is a robust company due to the type of leadership that it has. Its team falls under the guidance of Mr. Anthony Petrello who is not only the chairman and CEO of this corporation but also doubles as its president. To date, Nabors success has come as a product of excellent team work coupled with good leadership. Under its belt, it has offered jobs to more than thirteen thousand people, all who work on a full-time basis. Thus, this is proof enough that Nabors Industries Ltd. is a force to be reckoned with, especially in the oil and gas exploration sector.
Current financial statistics show that Nabors is a growing business. Trading in the stock markets, Nabors has realized a share percentage increase of 0.17% from its previous value. Thus, the company is progressing in the right direction. Also, the corporation boasts of more than three billion dollars in market capitalization, an amount which other competitors envy. Besides, investors have taken up more than two hundred and eighty-five million of the company’s shares. In the past year, Nabors Industries Ltd. made total revenue of 2.23 billion dollars, a value that is expected to increase by the end of 2017.
Due to the institution’s success, stock prices are also projected to increase. Earnings per share (EPS) have also surprised company analysts since their initial projections were at a value of -0.3 but at the end of the day, an EPS of -0.34 came to a realization. From previous analysis, it has come to a realization that the corporation has already set a lot of money aside, funds that can be made use of during emergencies. Thus, Nabors Industries Ltd. is doing fairly well.
Although there are periods when Nabors has experienced challenges in making healthy profit margins, gross profit trends show that the institution is doing well in the generation of revenue. With these encouraging trends, stock prices are expected to increase due to a relative increase in the corporation’s productivity index. Each and every year Nabors sets targets, objectives that it aims to achieve. With a new year, it plans on increasing its shares price to about nineteen dollars per share, up from the previous value of eighteen dollars.
The institution also expects Earnings per share of -0.36. With its newly found successes, analysts project that the corporation will be able to achieve revenue of five hundred and seventy-two million dollars in the first quarter of the year 2017. From the above analysis, it is evident that Nabors Industries Ltd. possesses much potential to grow and make tremendous profits. Its high-profit margins also show that it is a respectable brand, and that is one of the reasons as to why investors have opted to purchase millions of shares from the company. Thus, there are better things in store for us from Nabors Industries Ltd.