NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$123.46

-2.36 (-1.88%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $121.41
▼
$128.32
50-Day Range: $101.12
▼
$186.79
52-Week Range: $65.58
▼
$207.67

Volume: 71,403 shs
Average Volume: 139,093 shs
Market Capitalization: $1.30 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $93.67

Nabors Industries MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 24.1% Downside
$93.67 Price Target
Short Interest: Healthy
5.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.39
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($24.58) to $12.36 Per Share

Overall MarketRank^™

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

1.15 out of 5 stars

Oils/Energy Sector

250th out of 257 stocks

Drilling Oil & Gas Wells Industry

9th out of 9 stocks

1.0

Analyst's Opinion

Consensus Rating
Nabors Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $93.67, Nabors Industries has a forecasted downside of 24.1% from its current price of $123.46.
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
5.91% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nabors Industries has recently decreased by 4.12%, indicating that investor sentiment is improving.

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 -0.39. 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 0.48 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Nabors Industries this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for NBR on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nabors Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.63% of the stock of Nabors Industries is held by insiders.
Percentage Held by Institutions
70.86% 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 ($24.58) to $12.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nabors Industries is -1.98, 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 -1.98, 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 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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. The company operates through five segments: U.S. Drilling, Canada 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 REVit, an automated real time stick-slip mitigation system; 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. As of December 31, 2021, the company marketed approximately 301 rigs for land-based drilling operations in the United States, Canada, and in 20 other countries worldwide; and 29 rigs for offshore platform drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

Analyst Upgrades and Downgrades

NBR has been the topic of several recent analyst reports. Susquehanna Bancshares decreased their price target on Nabors Industries from $170.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 8th. Susquehanna lowered their target price on Nabors Industries from $170.00 to $21.00 in a research note on Wednesday, June 8th. Morgan Stanley reduced their price target on shares of Nabors Industries from $150.00 to $125.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 13th. Finally, Barclays upped their price objective on shares of Nabors Industries from $132.00 to $180.00 in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $93.67.

Nabors Industries Trading Down 1.2 %

NBR traded down $1.52 during midday trading on Tuesday, hitting $124.30. 2,901 shares of the company were exchanged, compared to its average volume of 143,948. The firm has a market capitalization of $1.31 billion, a P/E ratio of -2.02 and a beta of 2.71. The firm's 50 day moving average price is $131.62 and its 200-day moving average price is $142.27. The company has a quick ratio of 1.53, a current ratio of 1.76 and a debt-to-equity ratio of 4.33. Nabors Industries has a 1-year low of $65.58 and a 1-year high of $207.67.

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NBR Stock News Headlines

August 12, 2022 | americanbankingnews.com

Nabors Industries Ltd. (NYSE:NBR) Receives $92.40 Average Target Price from Brokerages

August 11, 2022 | finance.yahoo.com

Nabors (NBR) Loss Wider, Sales Outperform Estimates in Q2

August 8, 2022 | finance.yahoo.com

When Will Nabors Industries Ltd. (NYSE:NBR) Breakeven?

August 7, 2022 | americanbankingnews.com

Nabors Industries (NYSE:NBR) Stock Price Up 9.7%

August 6, 2022 | markets.businessinsider.com

Nabors Industries Ltd. Q2 Loss Decreases

August 5, 2022 | finance.yahoo.com

How Much Upside is Left in Nabors (NBR)? Wall Street Analysts Think 42%

August 4, 2022 | finance.yahoo.com

Nabors Industries (NBR) Q2 2022 Earnings Call Transcript

August 4, 2022 | seekingalpha.com

Nabors Industries Ltd. (NBR) CEO Anthony Petrello on Q2 2022 Results - Earnings Call Transcript

August 1, 2022 | finance.yahoo.com

Transocean (RIG) Reports Q2 Loss, Tops Revenue Estimates

August 1, 2022 | americanbankingnews.com

Nabors Industries (NBR) Scheduled to Post Quarterly Earnings on Wednesday

July 29, 2022 | finance.yahoo.com

Has Nabors Industries (NBR) Outpaced Other Oils-Energy Stocks This Year?

July 28, 2022 | finance.yahoo.com

Patterson-UTI (PTEN) Beats Q2 Earnings and Revenue Estimates

July 25, 2022 | finance.yahoo.com

Nabors (NBR) Invests $7 Million in Battery Firm Natron Energy

July 23, 2022 | americanbankingnews.com

Nabors Industries (NYSE:NBR) Shares Gap Down to $122.60

July 21, 2022 | powermag.com

Nabors Announces Investment in Natron Energy for Production of Sodium-Ion Batteries

July 18, 2022 | finance.yahoo.com

Here's Why Nabors (NBR) Could be Great Choice for a Bottom Fisher

July 16, 2022 | nasdaq.com

Nabors Industries (NBR) Shares Enter Oversold Territory

July 15, 2022 | finance.yahoo.com

After Plunging 28.1% in 4 Weeks, Here's Why the Trend Might Reverse for Nabors (NBR)

July 13, 2022 | theglobeandmail.com

RBC Capital Keeps a Hold Rating on Nabors Industries (NBR)

July 7, 2022 | finance.yahoo.com

Nabors Industries Ltd. Second Quarter 2022 Earnings Conference Call Invitation

July 1, 2022 | finance.yahoo.com

Nabors (NBR) Moves to Buy: Rationale Behind the Upgrade

June 27, 2022 | finance.yahoo.com

Nabors (NBR) Soars 11%: Is Further Upside Left in the Stock?

June 26, 2022 | finance.yahoo.com

Do Institutions Own Nabors Industries Ltd. (NYSE:NBR) Shares?

June 21, 2022 | seekingalpha.com

Nabors Industries: Still Overhang In The Market

June 8, 2022 | markets.businessinsider.com

4 Analysts Have This to Say About Nabors Industries

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NBR Company Calendar

Last Earnings: 10/26/2021
Today: 8/17/2022
Next Earnings (Estimated): 10/25/2022
Fiscal Year End: 12/31/2022

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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: 10,000
Year Founded: 1952

Price Target and Rating

Average Stock Price Forecast: $93.67
High Stock Price Forecast: $180.00
Low Stock Price Forecast: $21.00
Forecasted Upside/Downside: -24.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($62.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-569,270,000.00
Net Margins: -22.20%
Pretax Margin: -18.75%
Return on Equity: -56.01%
Return on Assets: -7.80%

Debt

Debt-to-Equity Ratio: 4.33
Current Ratio: 1.76
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $2.02 billion
Price / Sales: 0.64
Cash Flow: $28.06 per share
Price / Cash Flow: 4.40
Book Value: $57.21 per share
Price / Book: 2.16

Miscellaneous

Outstanding Shares: 10,500,000
Free Float: 9,806,000
Market Cap: $1.30 billion
Optionable: Optionable
Beta: 2.70

Social Links

Key Executives

Mr. Anthony G. Petrello (Age 67)
Chairman, Pres & CEO
Comp: $5.14M
Mr. William J. Restrepo (Age 63)
Chief Financial Officer
Comp: $1.92M
Mr. Mark D. Andrews (Age 49)
Corp. Sec.
Comp: $505.57k
Mr. R. Clark Wood (Age 50)
VP & Chief Accounting Officer
Mr. Sri Valleru
Sr. VP, Chief Information Officer & Chief Digital Officer
Ms. Jade Strong
Sr. VP & Chief Admin. Officer
Mr. Dennis A. Smith
Sr. VP of Corp. Devel. & Investor Relations
Mr. Michael Rasmuson
Sr. VP, Gen. Counsel & Chief Compliance Officer
Mr. Siegfried Meissner (Age 69)
Pres of Energy Transition & Industrial Automation
Mr. Travis Purvis
Sr. VP of Global Drilling Operations

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 1 sell rating, 5 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 forecast for 2022?: 7 equities research analysts have issued twelve-month target prices for Nabors Industries' shares. Their NBR share price forecasts range from $21.00 to $180.00. On average, they expect the company's stock price to reach $93.67 in the next twelve months. This suggests that the stock has a possible downside of 24.1%.
View analysts price targets for NBR or view top-rated stocks among Wall Street analysts.
How have NBR shares performed in 2022?: Nabors Industries' stock was trading at $81.09 on January 1st, 2022. Since then, NBR shares have increased by 52.3% and is now trading at $123.46.
View the best growth stocks for 2022 here.
When is Nabors Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our NBR earnings forecast.
How were Nabors Industries' earnings last quarter?: Nabors Industries Ltd. (NYSE:NBR) issued its earnings results on Tuesday, October, 26th. The oil and gas company reported ($15.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($12.90) by $2.89. The oil and gas company had revenue of $524.37 million for the quarter, compared to analyst estimates of $503.63 million. Nabors Industries had a negative trailing twelve-month return on equity of 56.01% and a negative net margin of 22.20%. During the same period last year, the firm posted ($22.81) EPS.
When did Nabors Industries' stock split?: Nabors Industries shares 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).

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 many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.18%), State Street Corp (3.94%), Encompass Capital Advisors LLC (1.57%), Northern Trust Corp (0.92%), Renaissance Technologies LLC (0.89%) and Millennium Management LLC (0.74%). Insiders that own company stock include John P Kotts and William J Restrepo.
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 $123.46.
How much money does Nabors Industries make?: Nabors Industries (NYSE:NBR) has a market capitalization of $1.30 billion and generates $2.02 billion in revenue each year. The oil and gas company earns $-569,270,000.00 in net income (profit) each year or ($62.31) on an earnings per share basis.
How many employees does Nabors Industries have?: The company employs 10,000 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
When was Nabors Industries founded?: Nabors Industries was founded in 1952.
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 8/17/2022 by MarketBeat.com Staff

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Nabors Industries - NBR Stock Forecast, Price & News

Nabors Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month