Nabors Still Set to Benefit From Increasing International Rig Activity in Coming Years
Nabors experienced a solid first quarter, with revenue up 2% sequentially and adjusted operating margin improving to negative 1.7% from negative 3.2% previously. The bulk of the top-line and especially the bottom-line improvement was driven by the U.S. drilling segment. Our fair value estimate and no-moat rating are unchanged for now.Nabors' U.S. drilling segment saw revenue increase 5% sequentially and segment adjusted operating margin improve to 8% from 3% previously. This is the segment's be...
Nabors Industries, through its subsidiaries, owns and operates land-based drilling rig fleet and is a provider of offshore platform drilling rigs in the U.S. and several international markets. The company also provides directional drilling services, tubular services, performance tools, and technologies for its own rig fleet and those of third parties. The company's business is comprised of its land-based and offshore drilling rig operations and other rig related services and technologies, consisting of equipment manufacturing, rig instrumentation and optimization software. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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