NYSE:NBR Nabors Industries - NBR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Nabors Industries Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $121.91 +2.44 (+2.04%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$119.00▼$122.5150-Day Range$107.56▼$187.9952-Week Range$92.66▼$207.67Volume172,278 shsAverage Volume266,285 shsMarket Capitalization$1.15 billionP/E RatioN/ADividend YieldN/APrice Target$199.86 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Nabors Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside63.9% Upside$199.86 Price TargetShort InterestHealthy5.50% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.76Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth84.13%From $14.49 to $26.68 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector57th out of 239 stocksDrilling Oil & Gas Wells Industry2nd out of 11 stocks 4.0 Analyst's Opinion Consensus RatingNabors Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $199.86, Nabors Industries has a forecasted upside of 63.9% from its current price of $121.91.Amount of Analyst CoverageNabors Industries has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.50% of the float of Nabors Industries has been sold short.Short Interest Ratio / Days to CoverNabors Industries has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nabors Industries has recently decreased by 23.57%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldNabors Industries does not currently pay a dividend.Dividend GrowthNabors Industries does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NBR. Previous Next 3.2 News and Social Media Coverage News SentimentNabors Industries has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Nabors Industries this week, compared to 3 articles on an average week.Search Interest14 people have searched for NBR on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nabors Industries insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.63% of the stock of Nabors Industries is held by insiders.Percentage Held by Institutions71.98% of the stock of Nabors Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Nabors Industries are expected to grow by 84.13% in the coming year, from $14.49 to $26.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nabors Industries is -2.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Nabors Industries is -2.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNabors Industries has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nabors Industries (NYSE:NBR) StockNabors 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 hRead More Receive NBR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nabors Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address NBR Stock News HeadlinesMarch 6, 2023 | marketbeat.comHelmerich & 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.comInvesting in Nabors Industries (NYSE:NBR) three years ago would have delivered you a 479% gainApril 2, 2023 | Vantage Point (Ad)What’s At Stake In April is ShockingThe 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. March 25, 2023 | americanbankingnews.comBrokerages Set Nabors Industries Ltd. (NYSE:NBR) PT at $199.86March 18, 2023 | benzinga.comNabors Industries Stock (NYSE:NBR), Short Interest ReportMarch 17, 2023 | benzinga.comNabors Industries Stock (NYSE:NBR), Analyst Ratings, Price Targets, PredictionsMarch 14, 2023 | markets.businessinsider.com7 Analysts Have This to Say About Nabors IndustriesMarch 10, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Helmerich & Payne, Nabors Industries and Precision DrillingApril 2, 2023 | Vantage Point (Ad)What’s At Stake In April is ShockingThe 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. March 9, 2023 | finance.yahoo.comNabors (NBR) Down 22.6% Since Last Earnings Report: Can It Rebound?March 7, 2023 | finance.yahoo.comNabors Announces Redemption of 9% Senior Priority Guaranteed Notes Due 2025March 3, 2023 | finance.yahoo.comIs Nabors Industries (NBR) Stock Outpacing Its Oils-Energy Peers This Year?March 1, 2023 | finance.yahoo.comNabors Industries' (NYSE:NBR) Returns On Capital Are Heading HigherFebruary 28, 2023 | thestreet.comNabors Industries (NBR) Stock Falls After Extending Credit FacilityFebruary 24, 2023 | nasdaq.comNabors Industries (NBR) Shares Cross Below 200 DMAFebruary 24, 2023 | finance.yahoo.comDown -19.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Nabors (NBR)February 22, 2023 | msn.comNabors (NBR) Speeds Up Renewable Push, Backs Solar Firm VastFebruary 16, 2023 | finance.yahoo.comNabors (NBR) Q4 Loss Wider Than Expected, Sales Top EstimatesFebruary 14, 2023 | msn.comNabors-backed SPAC buys solar company Vast in deal valued up to $586MFebruary 14, 2023 | finance.yahoo.comAustralian solar firm Vast agrees $586 mln merger with Nabors SPACFebruary 14, 2023 | finance.yahoo.comNabors Industries Issues Statement on Planned Business Combination Between Nabors Energy Transition Corporation and VastFebruary 14, 2023 | finance.yahoo.comNabors-backed SPAC buys solar company Vast in largest energy transition deal to dateFebruary 14, 2023 | finance.yahoo.comUPDATE 1-Australian solar firm Vast agrees $586 mln merger with Nabors SPACFebruary 10, 2023 | markets.businessinsider.comNabors Industries Drops 7% After Its Unit Prices $225 Mln Of NotesFebruary 10, 2023 | msn.comBarclays Maintains Overweight Rating for Nabors Industries: Here's What You Need To KnowFebruary 10, 2023 | finance.yahoo.comShould Value Investors Buy Nabors Industries (NBR) Stock?February 10, 2023 | markets.businessinsider.comWhere Nabors Industries Stands With AnalystsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NBR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nabors Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address NBR Company Calendar Last Earnings2/07/2023Today4/01/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Drilling oil & gas wells Sub-IndustryOil & Gas Drilling SectorOils/Energy Current SymbolNYSE:NBR CUSIPG6359F10 CIK1163739 Webwww.nabors.com Phone(441) 292-1510Fax441-292-1334Employees12,000Year Founded1952Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($41.59) Trailing P/E RatioN/A Forward P/E Ratio8.41 P/E GrowthN/ANet Income$-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 Ratio4.73 Current Ratio1.68 Quick Ratio1.46 Sales & Book Value Annual Sales$2.67 billion Price / Sales0.43 Cash Flow$45.66 per share Price / Cash Flow2.67 Book Value$57.01 per share Price / Book2.14Miscellaneous Outstanding Shares9,460,000Free Float8,829,000Market Cap$1.15 billion OptionableOptionable Beta2.78 Social Links Key ExecutivesAnthony G. PetrelloChairman, President & Chief Executive OfficerWilliam J. RestrepoChief Financial OfficerMichael RasmusonChief Compliance Office, SVP & General CounselJade StrongChief Administrative Officer & Senior VPSiggi MeissnerPresident-Global Drilling & EngineeringKey CompetitorsPatterson-UTI EnergyNASDAQ:PTENHelmerich & PayneNYSE:HPBorr DrillingNYSE:BORRPrecision DrillingNYSE:PDSHighPeak EnergyNASDAQ:HPKView All CompetitorsInstitutional OwnershipVoya Investment Management LLCSold 785 shares on 2/28/2023Ownership: 0.050%Truist Financial CorpBought 4,554 shares on 2/17/2023Ownership: 0.048%State of WyomingBought 209 shares on 2/16/2023Ownership: 0.006%Legal & General Group PlcBought 885 shares on 2/15/2023Ownership: 0.246%Public Employees Retirement System of OhioSold 1,494 shares on 2/15/2023Ownership: 0.004%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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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