The Second-Worst-Performing Oilfield Stock Year-to-Date

Nabors Industries’ year-to-date returns versus the industry

Nabors Industries’ (NBR) year-to-date returns were -63.5% as of November 20. Since December 30, 2016, NBR has underperformed the US rig count (up 39%), the Dow Jones Industrial Average (DJIA-INDEX), the Energy Select Sector SPDR ETF (XLE)(down 11%), and the VanEck Vectors Oil Services ETF (OIH)(-28% returns). It has also hugely underperformed the SPDR S&P 500 ETF’s (SPY) 16% returns.

Nabors Industries’ stock price fall has moderated in the past month. Since October 20, NBR has fallen 12.5%. However, it continued to underperform OIH and SPY during this period. Read more in Market Realist’s Will Nabors Industries’ Weak Run Continue?The Second-Worst-Performing Oilfield Stock Year-to-Date

How did NBR’s revenues and earnings perform in 9M17?

From 4Q16 through 3Q17, NBR’s revenues rose 23%. It continued to generate negative earnings during this period, although its net loss fell in 3Q17 over 4Q16. NBR’s free cash flows deteriorated steeply in 3Q17 compared to 4Q16. During the same period, its net debt rose 14%, mainly due to a rise in total debt. Net debt to EBITDA also deteriorated to 6.7x in 3Q17, compared to 4.7x in 4Q16. Learn more about NBR’s valuation in Market Realist’s Nabors Industries: Returns, Valuation, and Wall Street Rating.

Next, we’ll compare year-to-date returns from Fairmount Santrol Holdings (FMSA) with market indicators and analyze fundamental metrics.