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AMD   77.28 (-0.45%)
T   19.16 (-0.62%)
MU   55.58 (-3.59%)
CGC   3.87 (+6.91%)
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NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$157.83
-0.50 (-0.32%)
(As of 12/1/2022 02:41 PM ET)
Add
Compare
Today's Range
$155.36
▼
$161.26
50-Day Range
$94.40
▼
$178.47
52-Week Range
$72.46
▼
$207.67
Volume
10,774 shs
Average Volume
102,650 shs
Market Capitalization
$1.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$164.67

Nabors Industries MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
5.3% Upside
$164.67 Price Target
Short Interest
Healthy
4.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($26.60) to $16.73 Per Share

Overall MarketRank™

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

1.36 out of 5 stars

Oils/Energy Sector

238th out of 247 stocks

Drilling Oil & Gas Wells Industry

8th out of 8 stocks

See Top Rated MarketRank™ Stocks Here
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.

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NBR Stock News Headlines

November 24, 2022 | finance.yahoo.com
Nabors (NBR) Down 6.7% Since Last Earnings Report: Can It Rebound?
November 23, 2022 | americanbankingnews.com
Nabors Industries (NYSE:NBR) Shares Down 8.2%
November 22, 2022 | americanbankingnews.com
Nabors Industries Ltd. (NYSE:NBR) Receives Consensus Rating of "Hold" from Brokerages
November 16, 2022 | finance.yahoo.com
Nabors Marks Major Industry Milestone: Fully Automates Existing Land Rig with First-of-its-Kind Robotics Module
November 14, 2022 | finance.yahoo.com
Is Nabors Industries Ltd. (NBR) Stock Mispriced?
November 13, 2022 | finance.yahoo.com
‘Deep Geothermal’ Promises to Let Drillers Go Deeper, Faster and Hotter
November 8, 2022 | seekingalpha.com
Miller Value Partners - Nabors: A Significantly Mispriced Opportunity
November 4, 2022 | markets.businessinsider.com
Analyst Ratings for Nabors Industries
October 28, 2022 | finance.yahoo.com
Nabors (NBR) Posts Wider Loss, Sales Beat Estimates in Q3
October 26, 2022 | seekingalpha.com
Nabors Industries Ltd. (NBR) Q3 2022 Earnings Call Transcript
October 26, 2022 | seekingalpha.com
Nabors stock surges 25% as Q3 net loss narrows; sees Q4 'increase materially' Q/Q
October 26, 2022 | finance.yahoo.com
Why Nabors Industries Stock Is Soaring Today
October 26, 2022 | finance.yahoo.com
Nabors Industries posts Q3 net loss but beats analysts' expectations
October 25, 2022 | finance.yahoo.com
Nabors Announces Third Quarter 2022 Results
October 20, 2022 | uk.finance.yahoo.com
Does Nabors (NBR) Have the Potential to Rally 31% as Wall Street Analysts Expect?
October 17, 2022 | finance.yahoo.com
Nabors Industries (NYSE:NBR shareholders incur further losses as stock declines 11% this week, taking five-year losses to 62%
October 14, 2022 | finance.yahoo.com
Zacks.com featured highlights Coupang, Nabors Industries and Bank of N.T. Butterfield & Son
October 13, 2022 | finance.yahoo.com
Buy These 3 Top Stocks Right Away for Earnings Acceleration
October 11, 2022 | finance.yahoo.com
Are Oils-Energy Stocks Lagging Nabors Industries (NBR) This Year?
October 6, 2022 | finance.yahoo.com
Nabors (NBR) Is Attractively Priced Despite Fast-paced Momentum
September 29, 2022 | finance.yahoo.com
Nabors Industries Ltd. Third Quarter 2022 Earnings Conference Call Invitation
September 28, 2022 | nasdaq.com
Investors five-year losses grow to 72% as the stock sheds US$188m this past week
September 13, 2022 | finance.yahoo.com
Despite Fast-paced Momentum, Nabors (NBR) Is Still a Bargain Stock
September 11, 2022 | seekingalpha.com
Nabors Industries (NBR) Presents At 2022 Wells Fargo Leveraged Finance Conference - Slideshow
September 9, 2022 | morningstar.com
Nabors Industries Ltd NBR Stock Analysis
See More Headlines
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NBR Company Calendar

Last Earnings
10/25/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/14/2023
Get Stock Alerts

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
$164.67
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($48.32)
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
-16.16%
Pretax Margin
-12.47%
Return on Equity
-51.63%
Return on Assets
-6.72%

Debt

Debt-to-Equity Ratio
4.34
Current Ratio
1.73
Quick Ratio
1.50

Sales & Book Value

Annual Sales
$2.02 billion
Price / Sales
0.74
Cash Flow
$29.89 per share
Price / Cash Flow
5.28
Book Value
$63.32 per share
Price / Book
2.49

Miscellaneous

Outstanding Shares
9,420,000
Free Float
8,792,000
Market Cap
$1.49 billion
Optionable
Optionable
Beta
2.91

Social Links


Key Executives

  • Mr. Anthony G. PetrelloMr. 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?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. There are currently 2 sell ratings and 4 hold ratings 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 2023?

6 brokers have issued 1 year target prices for Nabors Industries' shares. Their NBR share price forecasts range from $115.00 to $200.00. On average, they anticipate the company's stock price to reach $164.67 in the next twelve months. This suggests a possible upside of 4.0% 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 2022?

Nabors Industries' stock was trading at $81.09 on January 1st, 2022. Since then, NBR shares have increased by 95.3% and is now trading at $158.33.
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, February 14th 2023.
View our NBR earnings forecast.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) posted its quarterly earnings results on Tuesday, October, 25th. The oil and gas company reported ($5.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.71) by $1.83. The oil and gas company had revenue of $698.95 million for the quarter, compared to analyst estimates of $679.20 million. Nabors Industries had a negative trailing twelve-month return on equity of 51.63% and a negative net margin of 16.16%.

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.01%), Vanguard Group Inc. (7.97%), State Street Corp (4.39%), Van ECK Associates Corp (3.36%), Dimensional Fund Advisors LP (3.10%) and Marshall Wace LLP (1.29%). 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 $158.33.

How much money does Nabors Industries make?

Nabors Industries (NYSE:NBR) has a market capitalization of $1.49 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 12/1/2022 by MarketBeat.com Staff