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Was Nabors Industries' Earnings Crush a Sign of a Splendid 2014?

By Tyler Crowe - Feb 21, 2014 at 9:24AM

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With a more than quadrupling of net income and a sign that management's moves are paying off, Nabors could put some less than impressive results behind them.

The past couple years have not been kind to Nabors Industries (NBR -0.29%). Over the course of 2013, the company only saw a total return of 15%, which was just over half of the total return for the S&P 500 over that time period. After its incredibly impressive results this quarter, though, perhaps its prospects are about to turn around. Not only was the company able to more than quadruple its net income, but the gains it saw were a clear indication that the company's strategy to move older drilling rigs overseas and introduce new rigs to the U.S. market really paid off. 

To find out why this move was so important to the company's success, and whether Nabors can continue to post gains like this throughout 2014, tune into the video below. 

Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter, @TylerCroweFool. 

The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Nabors Industries Ltd. Stock Quote
Nabors Industries Ltd.
NBR
$123.10 (-0.29%) $0.36
Schlumberger Limited Stock Quote
Schlumberger Limited
SLB
$35.40 (-0.51%) $0.18
Halliburton Company Stock Quote
Halliburton Company
HAL
$28.20 (-0.04%) $0.01
Baker Hughes Incorporated Stock Quote
Baker Hughes Incorporated
BHI

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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