NEW YORK (TheStreet) -- Nabors Industries  (NBR) - Get Report stock is down by 1.21% to $9.80 in late afternoon trading on Tuesday, after the company reported its 2015 third quarter earnings results.

The drilling and rig services company reported a loss of 86 cents per share on revenue of $812 million for the most recent quarter.

Last year, the company reported earnings of 20 cents per share on revenue of $1.81 billion for the 2014 third quarter.

Analysts surveyed by Thomson Reuters had forecast for earnings of 14 cents per share on revenue of $766 million.

"Our third-quarter results were essentially in line, as increased revenue and cash flow internationally were offset by lower results in North America due to lower activity and increased exposure to spot market pricing," CEO Anthony Petrello said in a statement. 

Separately, TheStreet Ratings team rates NABORS INDUSTRIES LTD as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

We rate NABORS INDUSTRIES LTD (NBR) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: NBR

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