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Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$123.46
-2.36 (-1.88%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
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
-0.39mentions of Nabors Industries in the last 14 days
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

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. 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

When Will Nabors Industries Ltd. (NYSE:NBR) Breakeven?
Nabors Industries (NYSE:NBR) Stock Price Up 9.7%
Nabors Industries Ltd. Q2 Loss Decreases
Nabors Industries (NYSE:NBR) Shares Gap Down to $122.60
Nabors Industries: Still Overhang In The Market
4 Analysts Have This to Say About Nabors Industries
See More Headlines
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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

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
CUSIP
G6359F10
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

Net Income
$-569,270,000.00
Pretax Margin
-18.75%

Debt

Sales & Book Value

Annual Sales
$2.02 billion
Cash Flow
$28.06 per share
Book Value
$57.21 per share

Miscellaneous

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













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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