Nabors Industries Ltd. (NBR, Financial) filed Quarterly Report for the period ended 2010-09-30.
Nabors Industries Ltd. has a market cap of $6.19 billion; its shares were traded at around $21.68 with a P/E ratio of 30 and P/S ratio of 1.9. Nabors Industries Ltd. had an annual average earning growth of 11.5% over the past 10 years.NBR is in the portfolios of Martin Whitman of Third Avenue Value Fund, Third Avenue Management, John Buckingham of Al Frank Asset Management, Inc., Pioneer Investments, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, Chris Davis of Davis Selected Advisers, George Soros of Soros Fund Management LLC, Chuck Royce of Royce& Associates, Kenneth Fisher of Fisher Asset Management, LLC.
intermediate spot oil prices (per Bloomberg) averaged $77.19 per barrel for the 12 months ended September 30, 2010, up from a $57.67 per barrel average during the preceding 12 months.
Operating revenues and Earnings (losses) from unconsolidated affiliates for the three months ended September 30, 2010 totaled $1.1 billion, representing an increase of $274.8 million, or 34% as compared to the three months ended September 30, 2009, and $2.9 billion for the nine months ended September 30, 2010, representing an increase of $84.2 million, or 3%, as compared to the nine months ended September 30, 2009. Adjusted income derived from operating activities for the three months ended September 30, 2010 totaled $164.4 million, representing an increase of 40%, compared to the three months ended September 30, 2009. Net loss attributable to Nabors totaled $39.6 million ($(.11) per diluted share from continuing operations) for the three months ended September 30, 2010 as compared to net income attributable to Nabors of $29.5 million ($.18 per diluted share from continuing operations) during the 2009 corresponding quarter. Adjusted income derived from operating activities for the nine months ended September 30, 2010 totaling $433.0 million increased by 9% compared to the nine months ended September 30, 2009. Net income attributable to Nabors for the nine months ended September 30, 2010 totaled $44.2 million ($.19 per diluted share from continuing operations), compared to the net loss attributable to Nabors during the nine months ended September 30, 2009 of $38.3 million ($(.03) per diluted share from continuing operations).
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Nabors Industries Ltd. has a market cap of $6.19 billion; its shares were traded at around $21.68 with a P/E ratio of 30 and P/S ratio of 1.9. Nabors Industries Ltd. had an annual average earning growth of 11.5% over the past 10 years.NBR is in the portfolios of Martin Whitman of Third Avenue Value Fund, Third Avenue Management, John Buckingham of Al Frank Asset Management, Inc., Pioneer Investments, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, Chris Davis of Davis Selected Advisers, George Soros of Soros Fund Management LLC, Chuck Royce of Royce& Associates, Kenneth Fisher of Fisher Asset Management, LLC.
Highlight of Business Operations:
Natural gas prices are the primary driver of our U.S. Lower 48 Land Drilling and Canadian Contract Drilling operations, while oil prices are the primary driver in our Alaskan, International, U.S. Offshore (Gulf of Mexico), Canadian Well-servicing and U.S. Land Well-servicing operations. The Henry Hub natural gas spot price (per Bloomberg) averaged $4.51 per thousand cubic feet (mcf) during the 12-month period ended September 30, 2010, slightly up from a $4.45 per mcf average during the prior 12 months. West Texasintermediate spot oil prices (per Bloomberg) averaged $77.19 per barrel for the 12 months ended September 30, 2010, up from a $57.67 per barrel average during the preceding 12 months.
Operating revenues and Earnings (losses) from unconsolidated affiliates for the three months ended September 30, 2010 totaled $1.1 billion, representing an increase of $274.8 million, or 34% as compared to the three months ended September 30, 2009, and $2.9 billion for the nine months ended September 30, 2010, representing an increase of $84.2 million, or 3%, as compared to the nine months ended September 30, 2009. Adjusted income derived from operating activities for the three months ended September 30, 2010 totaled $164.4 million, representing an increase of 40%, compared to the three months ended September 30, 2009. Net loss attributable to Nabors totaled $39.6 million ($(.11) per diluted share from continuing operations) for the three months ended September 30, 2010 as compared to net income attributable to Nabors of $29.5 million ($.18 per diluted share from continuing operations) during the 2009 corresponding quarter. Adjusted income derived from operating activities for the nine months ended September 30, 2010 totaling $433.0 million increased by 9% compared to the nine months ended September 30, 2009. Net income attributable to Nabors for the nine months ended September 30, 2010 totaled $44.2 million ($.19 per diluted share from continuing operations), compared to the net loss attributable to Nabors during the nine months ended September 30, 2009 of $38.3 million ($(.03) per diluted share from continuing operations).
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