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NYSE:NBR

Nabors Industries (NBR) Stock Price, News & Analysis

$80.99
-0.64 (-0.78%)
(As of 05:12 PM ET)
Today's Range
$80.44
$82.39
50-Day Range
$73.56
$88.90
52-Week Range
$71.42
$160.76
Volume
236,767 shs
Average Volume
264,399 shs
Market Capitalization
$766.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$129.60

Nabors Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
60.0% Upside
$129.60 Price Target
Short Interest
Healthy
11.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Nabors Industries in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($4.30) to $6.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.75 out of 5 stars

Oils/Energy Sector

186th out of 238 stocks

Drilling Oil & Gas Wells Industry

10th out of 13 stocks


NBR stock logo

About Nabors Industries Stock (NYSE:NBR)

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

NBR Stock Price History

NBR Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Nabors Industries (NYSE:NBR) Shares Gap Down to $82.30
NBR Dec 2024 100.000 call
NBR Dec 2024 45.000 put
Nabors Industries Is A Buy Despite The Saudi Announcement
NBR Mar 2024 90.000 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
RBC Capital Sticks to Their Hold Rating for Nabors Industries (NBR)
Nabors Announces Fourth Quarter 2023 Results
Nabors Industries Ltd. Q4 Loss decreases, but misses estimates
Oil Report Nabors SLB Collaboration
Nabors (NBR) Declined on Weak Commodity Prices
Bear of the Day: Nabors Industries (NBR)
Nabors Industries: Debt Concerns Linger
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/04/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
CUSIP
G6359F10
Employees
12,000
Year Founded
1952

Price Target and Rating

Average Stock Price Target
$129.60
High Stock Price Target
$150.00
Low Stock Price Target
$88.00
Potential Upside/Downside
+58.8%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$-11,780,000.00
Pretax Margin
4.23%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$59.58 per share
Book Value
$57.22 per share

Miscellaneous

Free Float
8,800,000
Market Cap
$773.20 million
Optionable
Optionable
Beta
2.33

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Key Executives

  • Mr. Anthony G. PetrelloMr. Anthony G. Petrello (Age 69)
    Chairman, President & CEO
    Comp: $6.15M
  • Mr. William J. Restrepo (Age 65)
    Chief Financial Officer
    Comp: $2.68M
  • Mr. Mark D. Andrews (Age 51)
    Corporate Secretary
    Comp: $588.96k
  • Mr. R. Clark Wood (Age 52)
    VP & Chief Accounting Officer
    Comp: $815.79k
  • Ms. Jade Strong
    Senior VP & Chief Administration Officer
  • Mr. Siegfried Meissner (Age 71)
    President of Energy Transition & Industrial Automation
  • Mr. Travis Purvis
    Senior Vice President of Global Drilling Operations
  • Mr. Subodh Saxena
    Senior Vice President of Canrig & Nabors Drilling Solutions
  • Mr. Yehya Altameimi
    Chief Executive Officer of Saudi Aramco Nabors Drilling
  • Mr. William Cornelius Conroy CFA
    Vice President of Corporate Development & Investor Relations














NBR Stock Analysis - Frequently Asked Questions

Should I buy or sell Nabors Industries stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NBR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NBR, but not buy additional shares or sell existing shares.
View NBR analyst ratings
or view top-rated stocks.

What is Nabors Industries' stock price target for 2024?

6 Wall Street research analysts have issued 1-year price targets for Nabors Industries' shares. Their NBR share price targets range from $88.00 to $150.00. On average, they anticipate the company's stock price to reach $129.60 in the next year. This suggests a possible upside of 60.0% from the stock's current price.
View analysts price targets for NBR
or view top-rated stocks among Wall Street analysts.

How have NBR shares performed in 2024?

Nabors Industries' stock was trading at $81.63 at the beginning of 2024. Since then, NBR stock has decreased by 0.8% and is now trading at $80.99.
View the best growth stocks for 2024 here
.

Are investors shorting Nabors Industries?

Nabors Industries saw a drop in short interest in January. As of January 31st, there was short interest totaling 1,060,000 shares, a drop of 10.2% from the January 15th total of 1,180,000 shares. Based on an average trading volume of 281,200 shares, the short-interest ratio is currently 3.8 days. Currently, 11.9% of the shares of the company are sold short.
View Nabors Industries' Short Interest
.

When is Nabors Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our NBR earnings forecast
.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) issued its quarterly earnings results on Tuesday, February, 6th. The oil and gas company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($1.54) by $2.30. The oil and gas company earned $737.84 million during the quarter, compared to analyst estimates of $749.52 million. Nabors Industries had a negative trailing twelve-month return on equity of 17.50% and a negative net margin of 0.66%.

When did Nabors Industries' stock split?

Nabors Industries's stock reverse split before market open on Thursday, April 23rd 2020. The 1-50 reverse split was announced on Monday, April 20th 2020. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 22nd 2020. An investor that had 100 shares of stock prior to the reverse split would have 2 shares after the split.

What is Anthony G. Petrello's approval rating as Nabors Industries' CEO?

172 employees have rated Nabors Industries Chief Executive Officer Anthony G. Petrello on Glassdoor.com. Anthony G. Petrello has an approval rating of 61% among the company's employees. This puts Anthony G. Petrello in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nabors Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nabors Industries investors own include Bank of America (BAC), General Electric (GE), Enterprise Products Partners (EPD), Transocean (RIG), Micron Technology (MU), Marathon Oil (MRO), Intelsat (I), AT&T (T), Whiting Petroleum (WLL) and Ford Motor (F).

Who are Nabors Industries' major shareholders?

Nabors Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.23%), Goldman Sachs Group Inc. (4.19%), Goldman Sachs Group Inc. (4.19%), Gendell Jeffrey L (4.18%), Dimensional Fund Advisors LP (3.12%) and Van ECK Associates Corp (2.26%).
View institutional ownership trends
.

How do I buy shares of Nabors Industries?

Shares of NBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Nabors Industries have any subsidiaries?
The following companies are subsidiares of Nabors Industries: Nabors Blue Shield Ltd., Nabors Drilling Holdings Inc., Nabors Drilling International Limited, Nabors Drilling Technologies USA Inc., Nabors Global Holdings II Ltd., Nabors Global Holdings Limited, Nabors Holdings Ltd., Nabors Industries Inc., Nabors International Finance Inc., Nabors International Management Limited, Nabors International Netherlands B.V., Nabors Lux 2 S.a.r.l., Nabors Lux Finance 1 S.a.r.l., Nabors Yellow Reef Ltd., PetroMar Technologies Inc., Robotic Drilling Systems, Saudi Aramco Nabors Drilling Company, Superior Well Services, and Tesco.
Read More
This page (NYSE:NBR) was last updated on 3/4/2024 by MarketBeat.com Staff