Nabors Industries (NBR) gains despite Q4 loss

Nabors Industries Ltd. (NYSE: NBR) shares gained 2.2% to $12.82. The company swung to a fourth-quarter loss as the contract driller posted big asset writedowns and other one-time charges, and the company’s adjusted profit and revenue missed expectations. Share volume was 657,000 compared to an all-day average of 2.4 million.