S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
NYSE:NBR

Nabors Industries (NBR) Stock Forecast, Price & News

$128.66
+7.51 (+6.20%)
(As of 09/27/2023 ET)
Compare
Today's Range
$123.25
$129.70
50-Day Range
$107.44
$138.38
52-Week Range
$83.05
$190.90
Volume
157,689 shs
Average Volume
224,331 shs
Market Capitalization
$1.23 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
12.7% Upside
$145.00 Price Target
Short Interest
Healthy
11.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.23mentions of Nabors Industries in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$622,522 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.48) to $11.40 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

223rd out of 245 stocks

Drilling Oil & Gas Wells Industry

11th out of 12 stocks


NBR stock logo

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

NBR Stock News Headlines

The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Nabors (NBR) Q2 Earnings Lag Estimates, Sales Beat
Nabors Announces Second Quarter 2023 Results
Earnings Preview For Nabors Industries
Barclays Sticks to Their Hold Rating for Nabors Industries (NBR)
See 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.

NBR Company Calendar

Last Earnings
7/25/2023
Today
9/28/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

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 Forecast
$145.00
High Stock Price Forecast
$189.00
Low Stock Price Forecast
$91.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$-350,260,000.00
Pretax Margin
3.38%

Debt

Sales & Book Value

Annual Sales
$2.67 billion
Cash Flow
$46.28 per share
Book Value
$57.01 per share

Miscellaneous

Free Float
8,868,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
2.82

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Anthony G. PetrelloMr. 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













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 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.
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 16.9% and is now trading at $128.66.
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) 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%.

When did Nabors Industries' stock split?

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.

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."

Who are Nabors Industries' major shareholders?

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%).
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 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 $128.66.

How much money does Nabors Industries make?

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.

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 9/28/2023 by MarketBeat.com Staff

My Account -