NYSE:NBR Nabors Industries (NBR) Stock Forecast, Price & News $123.80 -3.63 (-2.85%) (As of 12:38 PM ET) Add Compare Share Share Today's Range$122.48▼$127.9450-Day Range$107.44▼$138.3852-Week Range$83.05▼$190.90Volume42,594 shsAverage Volume223,049 shsMarket Capitalization$1.18 billionP/E RatioN/ADividend YieldN/APrice Target$145.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Nabors Industries MarketRank™ ForecastAnalyst RatingHold2.14 Rating ScoreUpside/Downside13.8% Upside$145.00 Price TargetShort InterestHealthy11.76% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.22Based on 11 Articles This WeekInsider TradingSelling Shares$622,522 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($3.48) to $11.38 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.1.61 out of 5 starsOils/Energy Sector225th out of 249 stocksDrilling Oil & Gas Wells Industry11th out of 12 stocks 2.1 Analyst's Opinion Consensus RatingNabors 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/DownsideAccording 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 CoverageNabors Industries has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted11.76% 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 5.Change versus previous monthShort interest in Nabors Industries has recently decreased by 5.36%, 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 1.5 News and Social Media Coverage News SentimentNabors 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 WeekMarketBeat has tracked 11 news articles for Nabors Industries this week, compared to 4 articles on an average week.Search InterestOnly 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 Follows4 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. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 7.09% of the stock of Nabors Industries is held by insiders.Percentage Held by Institutions80.39% of the stock of Nabors Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioNabors 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. Previous Next See Top Rated MarketRank™ Stocks Here About Nabors Industries (NYSE:NBR) StockNabors 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.Read More NBR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NBR Stock News HeadlinesSeptember 29, 2023 | americanbankingnews.comQ3 2023 Earnings Forecast for Nabors Industries Ltd. (NYSE:NBR) Issued By Zacks ResearchSeptember 28, 2023 | americanbankingnews.comBrokers Offer Predictions for Nabors Industries Ltd.'s Q1 2024 Earnings (NYSE:NBR)September 29, 2023 | PressReach (Ad)This Stock's a Sleeping GiantThe stock everyone has their eye on - discover why it's the talk of the investment world. September 27, 2023 | finance.yahoo.comNabors Industries (NBR)'s True Worth: A Complete Analysis of Its Market ValueSeptember 27, 2023 | finance.yahoo.comWhy Nabors Industries Ltd's Stock Skyrocketed 31% in a Quarter: A Deep DiveSeptember 22, 2023 | americanbankingnews.comZacks Research Analysts Cut Earnings Estimates for Nabors Industries Ltd. (NYSE:NBR)September 21, 2023 | americanbankingnews.comNabors Industries Ltd. (NYSE:NBR) Expected to Earn Q1 2024 Earnings of $0.95 Per ShareSeptember 8, 2023 | finance.yahoo.comUnveiling Nabors Industries (NBR)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 29, 2023 | PressReach (Ad)This Stock's a Sleeping GiantThe stock everyone has their eye on - discover why it's the talk of the investment world. September 8, 2023 | finance.yahoo.comUnraveling the Future of Nabors Industries Ltd (NBR): A Deep Dive into Key MetricsSeptember 6, 2023 | benzinga.comNabors Industries Director Trades $622K In Company StockSeptember 1, 2023 | gurufocus.comWhy Nabors Industries Ltd's Stock Skyrocketed 35% in a Quarter: A Deep DiveAugust 24, 2023 | finance.yahoo.comNabors (NBR) Down 10.1% Since Last Earnings Report: Can It Rebound?August 21, 2023 | markets.businessinsider.comAnalysts Are Neutral on Top NA Stocks: Origin Energy Limited (OGFGF), Nabors Industries (NBR)August 9, 2023 | finance.yahoo.comNabors Industries (NYSE:NBR) Is Doing The Right Things To Multiply Its Share PriceAugust 2, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These NA Companies: SunPower (SPWR), Enterprise Products Partners (EPD) and Nabors Industries (NBR)July 31, 2023 | msn.comNabors Industries: Domestic Drilling Activity Is DecliningJuly 28, 2023 | finance.yahoo.comNabors (NBR) Q2 Earnings Lag Estimates, Sales BeatJuly 26, 2023 | msn.comBenchmark Reiterates Nabors Industries (NBR) Buy RecommendationJuly 26, 2023 | finance.yahoo.comNabors Announces Second Quarter 2023 ResultsJuly 24, 2023 | benzinga.comEarnings Preview For Nabors IndustriesJuly 20, 2023 | finance.yahoo.comNabors Industries Ltd. (NBR) Declined on a Pullback in Domestic Drilling ActivityJuly 20, 2023 | msn.comBenchmark Upgrades Nabors Industries (NBR)July 18, 2023 | finance.yahoo.comNabors Industries (NBR) Earnings Expected to Grow: What to Know Ahead of Next Week's ReleaseJuly 18, 2023 | markets.businessinsider.comBarclays Sticks to Their Hold Rating for Nabors Industries (NBR)July 18, 2023 | msn.comMorgan Stanley Maintains Nabors Industries (NBR) Equal-Weight RecommendationJuly 11, 2023 | finance.yahoo.comNabors Industries Ltd. Second Quarter 2023 Earnings Conference Call InvitationSee More Headlines 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 Earnings7/25/2023Today9/29/2023Next Earnings (Estimated)10/24/2023Fiscal 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$145.00 High Stock Price Forecast$189.00 Low Stock Price Forecast$91.00 Forecasted Upside/Downside+13.8%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($5.87) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-350,260,000.00 Net Margins-0.96% Pretax Margin3.38% Return on Equity-17.98% Return on Assets-2.22% Debt Debt-to-Equity Ratio4.23 Current Ratio1.80 Quick Ratio1.52 Sales & Book Value Annual Sales$2.67 billion Price / Sales0.46 Cash Flow$47.38 per share Price / Cash Flow2.69 Book Value$57.01 per share Price / Book2.24Miscellaneous Outstanding Shares9,540,000Free Float8,868,000Market Cap$1.22 billion OptionableOptionable Beta2.82 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Anthony G. Petrello (Age 68)Chairman, Pres & CEO Comp: $6.15MMr. William J. Restrepo (Age 64)Chief Financial Officer Comp: $2.68MMr. Mark D. Andrews (Age 50)Corp. Sec. Comp: $588.96kMr. R. Clark Wood (Age 51)VP & Chief Accounting Officer Ms. Jade StrongSr. VP & Chief Admin. OfficerMr. Michael RasmusonSr. VP, Gen. Counsel & Chief Compliance OfficerMr. Siegfried Meissner (Age 70)Pres of Energy Transition & Industrial Automation Mr. Travis PurvisSr. VP of Global Drilling OperationsMr. Donald PrejeanSr. VP of Canrig OperationsMr. Subodh SaxenaSr. VP of Nabors Drilling SolutionsMore ExecutivesKey CompetitorsPatterson-UTI EnergyNASDAQ:PTENHelmerich & PayneNYSE:HPBorr DrillingNYSE:BORRPrecision DrillingNYSE:PDSHighPeak EnergyNASDAQ:HPKView All CompetitorsInsiders & InstitutionsJohn P KottsSold 4,975 sharesTotal: $622,521.75 ($125.13/share)Wolverine Trading LLCSold 4,600 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 273 shares on 8/21/2023Ownership: 0.115%Nuveen Asset Management LLCSold 53,903 shares on 8/16/2023Ownership: 0.185%Point72 Middle East FZEBought 115 shares on 8/15/2023Ownership: 0.035%View All Insider TransactionsView 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 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. 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. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.