Nabors Industries (NBR) Stock Forecast, Price & News

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.
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7 analysts have issued 12 month price objectives for Nabors Industries' shares. Their NBR share price forecasts range from $91.00 to $189.00. On average, they anticipate the company's share price to reach $145.00 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
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Nabors Industries' stock was trading at $154.87 at the beginning of the year. Since then, NBR stock has decreased by 16.9% and is now trading at $128.66.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Nabors Industries Ltd. (NYSE:NBR) issued its quarterly earnings data on Tuesday, July, 25th. The oil and gas company reported ($2.26) earnings per share for the quarter, missing analysts' consensus estimates 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%.

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).

Shares of Nabors Industries 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.

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.

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).

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

Nabors Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.78%), State Street Corp (4.75%), Contrarius Investment Management Ltd (2.97%), Van ECK Associates Corp (2.85%), Dimensional Fund Advisors LP (2.64%) and Gendell Jeffrey L (2.30%).
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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.
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One share of NBR stock can currently be purchased for approximately $128.66.

Nabors Industries (NYSE:NBR) has a market capitalization of $1.23 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.

The company employs 12,000 workers across the globe.

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.