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MarketBeat Week in Review – 3/27 - 3/31
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UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
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Gas prices increase in NJ, around nation amid higher demand
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What’s At Stake In April is Shocking (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
What’s At Stake In April is Shocking (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
What’s At Stake In April is Shocking (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
What’s At Stake In April is Shocking (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
What’s At Stake In April is Shocking (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
What’s At Stake In April is Shocking (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
What’s At Stake In April is Shocking (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$121.91
+2.44 (+2.04%)
(As of 03/31/2023 12:00 AM ET)
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Compare
Today's Range
$119.00
▼
$122.51
50-Day Range
$107.56
▼
$187.99
52-Week Range
$92.66
▼
$207.67
Volume
172,278 shs
Average Volume
266,285 shs
Market Capitalization
$1.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$199.86

Nabors Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
63.9% Upside
$199.86 Price Target
Short Interest
Healthy
5.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Nabors Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
84.13%
From $14.49 to $26.68 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Oils/Energy Sector

57th out of 239 stocks

Drilling Oil & Gas Wells Industry

2nd out of 11 stocks

See Top Rated MarketRank™ Stocks Here

NBR stock logo

About Nabors Industries (NYSE:NBR) Stock

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada segment operates in land-based drilling rigs in Canada. The International segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as patented steering systems and rig instrumentation software systems that enhance drilling performance and wellbore placement. The Rig Technologies segment refers to the Canrig, which manufactures and sells top drives, catwalks, wrenches, draw works, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is h

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NBR Stock News Headlines

March 6, 2023 | marketbeat.com
Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye (NBR)
Massive investor benefits coming to HP, along with a revised prediction for higher oil prices pushing further alpha in the stock's target price.
March 27, 2023 | finance.yahoo.com
Investing in Nabors Industries (NYSE:NBR) three years ago would have delivered you a 479% gain
April 2, 2023 | Vantage Point (Ad)
What’s At Stake In April is Shocking
The Fed will be meeting on a topic that could change trading forever, and the decision could come as soon as the end of April. But by taking the smartest approach now, you can help shield your assets and work toward your trading goals. Time, as always, is of the essence. Click on this link to see what you need to do right away. pixel
March 25, 2023 | americanbankingnews.com
Brokerages Set Nabors Industries Ltd. (NYSE:NBR) PT at $199.86
March 18, 2023 | benzinga.com
Nabors Industries Stock (NYSE:NBR), Short Interest Report
March 17, 2023 | benzinga.com
Nabors Industries Stock (NYSE:NBR), Analyst Ratings, Price Targets, Predictions
March 14, 2023 | markets.businessinsider.com
7 Analysts Have This to Say About Nabors Industries
March 10, 2023 | finance.yahoo.com
Zacks Industry Outlook Highlights Helmerich & Payne, Nabors Industries and Precision Drilling
April 2, 2023 | Vantage Point (Ad)
What’s At Stake In April is Shocking
The Fed will be meeting on a topic that could change trading forever, and the decision could come as soon as the end of April. But by taking the smartest approach now, you can help shield your assets and work toward your trading goals. Time, as always, is of the essence. Click on this link to see what you need to do right away. pixel
March 9, 2023 | finance.yahoo.com
Nabors (NBR) Down 22.6% Since Last Earnings Report: Can It Rebound?
March 7, 2023 | finance.yahoo.com
Nabors Announces Redemption of 9% Senior Priority Guaranteed Notes Due 2025
March 3, 2023 | finance.yahoo.com
Is Nabors Industries (NBR) Stock Outpacing Its Oils-Energy Peers This Year?
March 1, 2023 | finance.yahoo.com
Nabors Industries' (NYSE:NBR) Returns On Capital Are Heading Higher
February 28, 2023 | thestreet.com
Nabors Industries (NBR) Stock Falls After Extending Credit Facility
February 24, 2023 | nasdaq.com
Nabors Industries (NBR) Shares Cross Below 200 DMA
February 24, 2023 | finance.yahoo.com
Down -19.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Nabors (NBR)
February 22, 2023 | msn.com
Nabors (NBR) Speeds Up Renewable Push, Backs Solar Firm Vast
February 16, 2023 | finance.yahoo.com
Nabors (NBR) Q4 Loss Wider Than Expected, Sales Top Estimates
February 14, 2023 | msn.com
Nabors-backed SPAC buys solar company Vast in deal valued up to $586M
February 14, 2023 | finance.yahoo.com
Australian solar firm Vast agrees $586 mln merger with Nabors SPAC
February 14, 2023 | finance.yahoo.com
Nabors Industries Issues Statement on Planned Business Combination Between Nabors Energy Transition Corporation and Vast
February 14, 2023 | finance.yahoo.com
Nabors-backed SPAC buys solar company Vast in largest energy transition deal to date
February 14, 2023 | finance.yahoo.com
UPDATE 1-Australian solar firm Vast agrees $586 mln merger with Nabors SPAC
February 10, 2023 | markets.businessinsider.com
Nabors Industries Drops 7% After Its Unit Prices $225 Mln Of Notes
February 10, 2023 | msn.com
Barclays Maintains Overweight Rating for Nabors Industries: Here's What You Need To Know
February 10, 2023 | finance.yahoo.com
Should Value Investors Buy Nabors Industries (NBR) Stock?
February 10, 2023 | markets.businessinsider.com
Where Nabors Industries Stands With Analysts
See More Headlines
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NBR Company Calendar

Last Earnings
2/07/2023
Today
4/01/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Sector
Oils/Energy
Current Symbol
NYSE:NBR
CUSIP
G6359F10
CIK
1163739
Web
www.nabors.com
Phone
(441) 292-1510
Fax
441-292-1334
Employees
12,000
Year Founded
1952

Price Target and Rating

Average Stock Price Forecast
$199.86
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$155.00
Forecasted Upside/Downside
+63.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($41.59)
Trailing P/E Ratio
N/A
Forward P/E Ratio
8.41
P/E Growth
N/A
Net Income
$-350,260,000.00
Net Margins
-13.13%
Pretax Margin
-9.21%
Return on Equity
-42.14%
Return on Assets
-5.31%

Debt

Debt-to-Equity Ratio
4.73
Current Ratio
1.68
Quick Ratio
1.46

Sales & Book Value

Annual Sales
$2.67 billion
Price / Sales
0.43
Cash Flow
$45.66 per share
Price / Cash Flow
2.67
Book Value
$57.01 per share
Price / Book
2.14

Miscellaneous

Outstanding Shares
9,460,000
Free Float
8,829,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
2.78

Social Links


Key Executives

  • Anthony G. PetrelloAnthony G. Petrello
    Chairman, President & Chief Executive Officer
  • William J. Restrepo
    Chief Financial Officer
  • Michael Rasmuson
    Chief Compliance Office, SVP & General Counsel
  • Jade Strong
    Chief Administrative Officer & Senior VP
  • Siggi Meissner
    President-Global Drilling & Engineering

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













NBR Stock - Frequently Asked Questions

Should I buy or sell Nabors Industries stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

8 Wall Street analysts have issued 1-year target prices for Nabors Industries' stock. Their NBR share price forecasts range from $155.00 to $250.00. On average, they predict the company's share price to reach $199.86 in the next year. This suggests a possible upside of 63.9% 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 2023?

Nabors Industries' stock was trading at $154.87 at the start of the year. Since then, NBR stock has decreased by 21.3% and is now trading at $121.91.
View the best growth stocks for 2023 here.

Are investors shorting Nabors Industries?

Nabors Industries saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 490,400 shares, a drop of 23.6% from the February 28th total of 641,600 shares. Based on an average daily volume of 207,700 shares, the days-to-cover ratio is currently 2.4 days. Currently, 5.5% of the company's stock 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 Wednesday, April 26th 2023.
View our NBR earnings forecast.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) released its quarterly earnings data on Tuesday, February, 7th. The oil and gas company reported ($3.89) EPS for the quarter, missing analysts' consensus estimates of ($1.06) by $2.83. The oil and gas company had revenue of $769.34 million for the quarter, compared to analyst estimates of $734.46 million. Nabors Industries had a negative trailing twelve-month return on equity of 42.14% and a negative net margin of 13.13%.

What ETFs hold Nabors Industries' stock?

ETFs with the largest weight of Nabors Industries (NYSE:NBR) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Oil & Gas Services ETF (PXJ), Direxion Daily Oil Services Bull 2X Shares (ONG), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco S&P SmallCap Momentum ETF (XSMO).

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).

What is Nabors Industries' stock symbol?

Nabors Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBR."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nabors Industries' stock price today?

One share of NBR stock can currently be purchased for approximately $121.91.

How much money does Nabors Industries make?

Nabors Industries (NYSE:NBR) has a market capitalization of $1.15 billion and generates $2.67 billion in revenue each year. The oil and gas company earns $-350,260,000.00 in net income (profit) each year or ($41.59) on an earnings per share basis.

How many employees does Nabors Industries have?

The company employs 12,000 workers across the globe.

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
How can I contact Nabors Industries?

Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08. The official website for the company is www.nabors.com. The oil and gas company can be reached via phone at (441) 292-1510, via email at mark.andrews@nabors.com, or via fax at 441-292-1334.

This page (NYSE:NBR) was last updated on 4/2/2023 by MarketBeat.com Staff