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NYSE:NBR

Nabors Industries (NBR) Stock Price, News & Analysis

$78.87
-0.54 (-0.68%)
(As of 05/21/2024 ET)
Today's Range
$78.53
$80.12
50-Day Range
$70.38
$90.56
52-Week Range
$70.25
$141.47
Volume
130,129 shs
Average Volume
233,851 shs
Market Capitalization
$843.91 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$124.75

Nabors Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
58.2% Upside
$124.75 Price Target
Short Interest
Bearish
12.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Nabors Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.12) to $7.43 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.

1.01 out of 5 stars

Oils/Energy Sector

192nd out of 241 stocks

Drilling Oil & Gas Wells Industry

12th out of 12 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

Benchmark Co. Keeps Their Hold Rating on Nabors Industries (NBR)
Nabors Industries Ltd. Q1 Earnings Summary
Nabors Industries earnings preview: what Wall Street is expecting
Nabors Announces First Quarter 2024 Results
Nabors Q1 2024 Earnings Preview
Nabors Industries (NBR) Receives a Rating Update from a Top Analyst
NBR: Raising target price to $66.00
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
RBC Capital Sticks to Their Hold Rating for Nabors Industries (NBR)
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
5/21/2024
Next Earnings (Estimated)
7/23/2024
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
$124.75
High Stock Price Target
$150.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+58.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-11,780,000.00
Pretax Margin
1.73%

Debt

Sales & Book Value

Annual Sales
$3.05 billion
Cash Flow
$61.59 per share
Book Value
$57.26 per share

Miscellaneous

Free Float
9,943,000
Market Cap
$843.59 million
Optionable
Optionable
Beta
2.37

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Key Executives

  • Mr. Anthony G. PetrelloMr. Anthony G. Petrello (Age 69)
    Chairman, President & CEO
    Comp: $4.76M
  • Mr. William J. Restrepo (Age 65)
    Chief Financial Officer
    Comp: $2.16M
  • Mr. Mark D. Andrews CA (Age 51)
    CFA, Corporate Secretary
    Comp: $539.28k
  • Mr. R. Clark Wood (Age 52)
    VP & Chief Accounting Officer
    Comp: $815.79k
  • Ms. Jade Strong
    Senior VP & Chief Administration Officer
  • Mr. Michael V. Csizmadia
    Senior VP, General Counsel & Chief Compliance 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
  • Miguel Rodriguez
    Senior Vice President of Finance Operations

NBR Stock Analysis - Frequently Asked Questions

Should I buy or sell Nabors Industries stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 4 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?

5 Wall Street research analysts have issued twelve-month price objectives for Nabors Industries' stock. Their NBR share price targets range from $79.00 to $150.00. On average, they anticipate the company's share price to reach $124.75 in the next year. This suggests a possible upside of 58.2% 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 on January 1st, 2024. Since then, NBR stock has decreased by 3.4% and is now trading at $78.84.
View the best growth stocks for 2024 here
.

When is Nabors Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our NBR earnings forecast
.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) issued its quarterly earnings data on Wednesday, April, 24th. The oil and gas company reported ($5.16) earnings per share for the quarter, missing analysts' consensus estimates of ($2.24) by $2.92. The oil and gas company had revenue of $743.91 million for the quarter, compared to analyst estimates of $730.59 million. Nabors Industries had a negative net margin of 3.45% and a negative trailing twelve-month return on equity of 23.52%.

When did Nabors Industries' stock split?

Nabors Industries's stock reverse split 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 closing bell 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.66%), Gendell Jeffrey L (4.08%), Apollo Management Holdings L.P. (3.13%), Van ECK Associates Corp (1.72%), Hartree Partners LP (0.37%) and GSA Capital Partners LLP (0.31%).
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.
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This page (NYSE:NBR) was last updated on 5/21/2024 by MarketBeat.com Staff

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