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NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$171.24
-3.61 (-2.06%)
(As of 01/30/2023 03:20 PM ET)
Add
Compare
Today's Range
$170.07
$174.26
50-Day Range
$132.05
$179.95
52-Week Range
$92.66
$207.67
Volume
91,995 shs
Average Volume
139,326 shs
Market Capitalization
$1.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$186.33

Nabors Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.7% Upside
$186.33 Price Target
Short Interest
Bearish
5.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.06mentions of Nabors Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($26.93) to $14.27 Per Share

Overall MarketRank

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

1.46 out of 5 stars

Oils/Energy Sector

222nd out of 241 stocks

Drilling Oil & Gas Wells Industry

9th out of 10 stocks


NBR stock logo

About Nabors Industries (NYSE:NBR) Stock

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It operates through the following segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower 48 states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada segment consists of land-based drilling rigs in Canada. The International segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as patented steering systems and rig instrumentation software systems that enhance drilling performance and wellbore placement. The Rig Technologies segment consists of Canrig, which manufactures and sells top drives, catwalks, wrenches, drawworks, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.

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NBR Stock News Headlines

Nabors Industries (NYSE:NBR) Now Covered by Benchmark
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Nabors (NBR) Upgraded to Strong Buy: Here's Why
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Is Nabors Industries Ltd. (NBR) Stock Mispriced?
Analyst Ratings for Nabors Industries
Nabors (NBR) Posts Wider Loss, Sales Beat Estimates in Q3
Why Nabors Industries Stock Is Soaring Today
Nabors Announces Third Quarter 2022 Results
See More Headlines
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NBR Company Calendar

Last Earnings
10/26/2021
Today
1/30/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
12/31/2023

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
$186.33
High Stock Price Forecast
$210.00
Low Stock Price Forecast
$155.00
Forecasted Upside/Downside
+8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$-569,270,000.00
Pretax Margin
-12.47%

Debt

Sales & Book Value

Annual Sales
$2.02 billion
Cash Flow
$28.03 per share
Book Value
$87.24 per share

Miscellaneous

Free Float
8,792,000
Market Cap
$1.61 billion
Optionable
Optionable
Beta
2.79

Social Links


Key Executives

  • Anthony G. PetrelloAnthony G. Petrello
    Chairman, President & Chief Executive Officer
  • Travis Purvis
    Senior Vice President-Global Operations
  • William J. Restrepo
    Chief Financial Officer
  • Michael Rasmuson
    Secretary, Chief CMP, SVP & General Counsel
  • Jade Strong
    Chief Administrative Officer & Senior VP













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 2 sell ratings, 3 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 Wall Street research analysts have issued 1 year price targets for Nabors Industries' shares. Their NBR share price forecasts range from $155.00 to $210.00. On average, they anticipate the company's share price to reach $186.33 in the next year. This suggests a possible upside of 8.5% 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 start of the year. Since then, NBR stock has increased by 10.9% and is now trading at $171.68.
View the best growth stocks for 2023 here
.

Are investors shorting Nabors Industries?

Nabors Industries saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 484,600 shares, an increase of 24.1% from the December 31st total of 390,500 shares. Based on an average daily trading volume, of 134,200 shares, the days-to-cover ratio is currently 3.6 days. Currently, 5.5% of the shares of the company are short sold.
View Nabors Industries' Short Interest
.

When is Nabors Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our NBR earnings forecast
.

How can I listen to Nabors Industries' earnings call?

Nabors Industries will be holding an earnings conference call on Wednesday, February 8th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6693853".

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) issued its quarterly 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 earned $524.37 million during the quarter, compared to analyst estimates of $503.63 million. Nabors Industries had a negative trailing twelve-month return on equity of 51.63% and a negative net margin of 16.16%. During the same quarter last year, the company earned ($22.81) EPS.

When did Nabors Industries' stock split?

Shares of Nabors Industries reverse split before market open 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 a variety of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.27%), New York State Teachers Retirement System (0.11%), Alpha DNA Investment Management LLC (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and Louisiana State Employees Retirement System (0.04%). 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 $171.68.

How much money does Nabors Industries make?

Nabors Industries (NYSE:NBR) has a market capitalization of $1.62 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 ($48.32) 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
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 1/30/2023 by MarketBeat.com Staff