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March 24, 2014
08:25 EDTNBRNabors Industries expects Q1 EPS to fall below consensus of 21c
The impact is essentially confined to the Completion Services segment and should approximate 7c per share. The company attributed the shortfall to the persistent extraordinary weather and the resulting delays in some customers' well completion activity. CEO Tony Petrello said, "Severe winter weather in those areas continued to affect our pumping operations through February and into early March, though to a lesser degree than in January. The weather has also impacted many northern based frac sand mines, tightening availability, and could further impact our results. Our other operations appear to be in-line to favorable compared to expectations. We view the first quarter's operating performance in Completion Services as temporary. Weather notwithstanding, improving underlying demand for pressure pumping gives us a constructive, though tempered, outlook for this business through the remainder of 2014. As for the balance of our business lines, our near- and longer-term outlooks remain intact."
News For NBR From The Last 14 Days
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November 28, 2014
13:32 EDTNBROn The Fly: Closing Wrap
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November 26, 2014
16:09 EDTNBRC&J Energy announces solicitation of alternative proposals
C&J Energy Services (CJES) announced that it has begun soliciting alternative proposals to purchase the company, or a controlling stake in the company, that are superior to its proposed combination with Nabors' (NBR)completion and production services business. The company has engaged Morgan Stanley to assist in the solicitation.
November 25, 2014
16:28 EDTNBROn The Fly: Closing Wrap
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09:42 EDTNBRNorth American Shale Drilling Services sector downgraded at OTR Global
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08:05 EDTNBRC&J Energy issues statement in response to ruling regarding Nabors transaction
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07:55 EDTNBRC&J Energy deal with Nabors put on hold, further sale process ordered, WSJ says
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November 18, 2014
09:34 EDTNBRRBC Capital to hold a tour
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06:11 EDTNBRNabors Industries initiated with a Neutral at SunTrust
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