NYSE:NBR

Nabors Industries (NBR) Stock Forecast, Price & News

$123.80

-3.63 (-2.85%)

(As of 12:38 PM ET)

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Today's Range: $122.48
▼
$127.94
50-Day Range: $107.44
▼
$138.38
52-Week Range: $83.05
▼
$190.90

Volume: 42,594 shs
Average Volume: 223,049 shs
Market Capitalization: $1.18 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $145.00

Nabors Industries MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 13.8% Upside
$145.00 Price Target
Short Interest: Healthy
11.76% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.22
Based on 11 Articles This Week
Insider Trading: Selling Shares
$622,522 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($3.48) to $11.38 Per Share

Overall MarketRank^™

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

1.61 out of 5 stars

Oils/Energy Sector

225th out of 249 stocks

Drilling Oil & Gas Wells Industry

11th out of 12 stocks

2.1

Analyst's Opinion

Consensus Rating
Nabors Industries has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $145.00, Nabors Industries has a forecasted upside of 13.8% from its current price of $127.44.
Amount of Analyst Coverage
Nabors Industries has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
11.76% of the float of Nabors Industries has been sold short.
Short Interest Ratio / Days to Cover
Nabors Industries has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Nabors Industries has recently decreased by 5.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Nabors Industries does not currently pay a dividend.
Dividend Growth
Nabors Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NBR.

1.5

News and Social Media Coverage

News Sentiment
Nabors Industries has a news sentiment score of -0.22. 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 lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Nabors Industries this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for NBR on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
4 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nabors Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $622,522.00 in company stock.
Percentage Held by Insiders
Only 7.09% of the stock of Nabors Industries is held by insiders.
Percentage Held by Institutions
80.39% of the stock of Nabors Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nabors Industries are expected to grow in the coming year, from ($3.48) to $11.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nabors Industries is -21.71, 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. Sector
The P/E ratio of Nabors Industries is -21.71, 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 Ratio
Nabors Industries has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nabors Industries (NYSE:NBR) Stock

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 U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it 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. The company marketed approximately 300 rigs for land-based drilling operations; and 29 rigs for offshore platform drilling operations. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

NBR Price History

30 days | 90 days | 365 days | Advanced Chart

NBR Stock News Headlines

September 29, 2023 | americanbankingnews.com

Q3 2023 Earnings Forecast for Nabors Industries Ltd. (NYSE:NBR) Issued By Zacks Research

September 28, 2023 | americanbankingnews.com

Brokers Offer Predictions for Nabors Industries Ltd.'s Q1 2024 Earnings (NYSE:NBR)

September 29, 2023 | PressReach (Ad)

This Stock's a Sleeping Giant

The stock everyone has their eye on - discover why it's the talk of the investment world.

September 27, 2023 | finance.yahoo.com

Nabors Industries (NBR)'s True Worth: A Complete Analysis of Its Market Value

September 27, 2023 | finance.yahoo.com

Why Nabors Industries Ltd's Stock Skyrocketed 31% in a Quarter: A Deep Dive

September 22, 2023 | americanbankingnews.com

Zacks Research Analysts Cut Earnings Estimates for Nabors Industries Ltd. (NYSE:NBR)

September 21, 2023 | americanbankingnews.com

Nabors Industries Ltd. (NYSE:NBR) Expected to Earn Q1 2024 Earnings of $0.95 Per Share

September 8, 2023 | finance.yahoo.com

Unveiling Nabors Industries (NBR)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 29, 2023 | PressReach (Ad)

This Stock's a Sleeping Giant

The stock everyone has their eye on - discover why it's the talk of the investment world.

September 8, 2023 | finance.yahoo.com

Unraveling the Future of Nabors Industries Ltd (NBR): A Deep Dive into Key Metrics

September 6, 2023 | benzinga.com

Nabors Industries Director Trades $622K In Company Stock

September 1, 2023 | gurufocus.com

Why Nabors Industries Ltd's Stock Skyrocketed 35% in a Quarter: A Deep Dive

August 24, 2023 | finance.yahoo.com

Nabors (NBR) Down 10.1% Since Last Earnings Report: Can It Rebound?

August 21, 2023 | markets.businessinsider.com

Analysts Are Neutral on Top NA Stocks: Origin Energy Limited (OGFGF), Nabors Industries (NBR)

August 9, 2023 | finance.yahoo.com

Nabors Industries (NYSE:NBR) Is Doing The Right Things To Multiply Its Share Price

August 2, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These NA Companies: SunPower (SPWR), Enterprise Products Partners (EPD) and Nabors Industries (NBR)

July 31, 2023 | msn.com

Nabors Industries: Domestic Drilling Activity Is Declining

July 28, 2023 | finance.yahoo.com

Nabors (NBR) Q2 Earnings Lag Estimates, Sales Beat

July 26, 2023 | msn.com

Benchmark Reiterates Nabors Industries (NBR) Buy Recommendation

July 26, 2023 | finance.yahoo.com

Nabors Announces Second Quarter 2023 Results

July 24, 2023 | benzinga.com

Earnings Preview For Nabors Industries

July 20, 2023 | finance.yahoo.com

Nabors Industries Ltd. (NBR) Declined on a Pullback in Domestic Drilling Activity

July 20, 2023 | msn.com

Benchmark Upgrades Nabors Industries (NBR)

July 18, 2023 | finance.yahoo.com

Nabors Industries (NBR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

July 18, 2023 | markets.businessinsider.com

Barclays Sticks to Their Hold Rating for Nabors Industries (NBR)

July 18, 2023 | msn.com

Morgan Stanley Maintains Nabors Industries (NBR) Equal-Weight Recommendation

July 11, 2023 | finance.yahoo.com

Nabors Industries Ltd. Second Quarter 2023 Earnings Conference Call Invitation

See More Headlines

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NBR Company Calendar

Last Earnings: 7/25/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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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: $145.00
High Stock Price Forecast: $189.00
Low Stock Price Forecast: $91.00
Forecasted Upside/Downside: +13.8%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-350,260,000.00
Net Margins: -0.96%
Pretax Margin: 3.38%
Return on Equity: -17.98%
Return on Assets: -2.22%

Debt

Debt-to-Equity Ratio: 4.23
Current Ratio: 1.80
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $2.67 billion
Price / Sales: 0.46
Cash Flow: $47.38 per share
Price / Cash Flow: 2.69
Book Value: $57.01 per share
Price / Book: 2.24

Miscellaneous

Outstanding Shares: 9,540,000
Free Float: 8,868,000
Market Cap: $1.22 billion
Optionable: Optionable
Beta: 2.82

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Key Executives

Mr. Anthony G. Petrello (Age 68)
Chairman, Pres & CEO
Comp: $6.15M

Mr. William J. Restrepo (Age 64)
Chief Financial Officer
Comp: $2.68M

Mr. Mark D. Andrews (Age 50)
Corp. Sec.
Comp: $588.96k

Mr. R. Clark Wood (Age 51)
VP & Chief Accounting Officer

Ms. Jade Strong
Sr. VP & Chief Admin. Officer

Mr. Michael Rasmuson
Sr. VP, Gen. Counsel & Chief Compliance Officer

Mr. Siegfried Meissner (Age 70)
Pres of Energy Transition & Industrial Automation

Mr. Travis Purvis
Sr. VP of Global Drilling Operations

Mr. Donald Prejean
Sr. VP of Canrig Operations

Mr. Subodh Saxena
Sr. VP of Nabors Drilling Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NBR Stock - Frequently Asked Questions

Should I buy or sell Nabors Industries stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 1 sell rating, 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?: 7 analysts have issued 12 month price targets for Nabors Industries' shares. Their NBR share price forecasts range from $91.00 to $189.00. On average, they expect the company's share price to reach $145.00 in the next year. This suggests a possible upside of 13.8% 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 beginning of the year. Since then, NBR stock has decreased by 17.7% and is now trading at $127.44.
View the best growth stocks for 2023 here.
When is Nabors Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NBR earnings forecast.
How were Nabors Industries' earnings last quarter?: Nabors Industries Ltd. (NYSE:NBR) announced its quarterly earnings results on Tuesday, July, 25th. The oil and gas company reported ($2.26) earnings per share for the quarter, missing the consensus estimate of $1.50 by $3.76. The oil and gas company earned $778.81 million during the quarter, compared to analysts' expectations of $777.59 million. Nabors Industries had a negative trailing twelve-month return on equity of 17.98% and a negative net margin of 0.96%.
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 Oil & Gas Services ETF (PXJ), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ) and FT Energy Income Partners Strategy ETF (EIPX).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
When did Nabors Industries' stock split?: Nabors Industries's stock reverse split on the morning of 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 $127.44.
How much money does Nabors Industries make?: Nabors Industries (NYSE:NBR) has a market capitalization of $1.22 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 ($5.87) 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 9/29/2023 by MarketBeat.com Staff

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