Nabors Industries - NBR Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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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".

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.

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.

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.

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).

Nabors Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "NBR."

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.
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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.
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One share of NBR stock can currently be purchased for approximately $171.68.

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.

The company employs 10,000 workers across the globe.

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.