Nabors Industries reports Q2 EPS with items 21c, consensus 23c Reports Q2 revenue $1.62B, consensus $1.59B. Q2 EPS include net charges of 3c per share, primarily related to losses on the sale of non-core assets or in unconsolidated businesses in the process of being divested.
Jefferies sees relative value in Nabors Industries Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.