NYSE:NBR Nabors Industries - NBR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Nabors Industries Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $171.24 -3.61 (-2.06%) (As of 01/30/2023 03:20 PM ET) Add Compare Share Share Today's Range$170.07▼$174.2650-Day Range$132.05▼$179.9552-Week Range$92.66▼$207.67Volume91,995 shsAverage Volume139,326 shsMarket Capitalization$1.61 billionP/E RatioN/ADividend YieldN/APrice Target$186.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Nabors Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside7.7% Upside$186.33 Price TargetShort InterestBearish5.54% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.06Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($26.93) to $14.27 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector222nd out of 241 stocksDrilling Oil & Gas Wells Industry9th out of 10 stocks 2.0 Analyst's Opinion Consensus RatingNabors Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $186.33, Nabors Industries has a forecasted upside of 7.7% from its current price of $173.09.Amount of Analyst CoverageNabors Industries has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.54% of the float of Nabors Industries has been sold short.Short Interest Ratio / Days to CoverNabors Industries has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Nabors Industries has recently increased by 24.10%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldNabors Industries does not currently pay a dividend.Dividend GrowthNabors Industries does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NBR. Previous Next 2.2 News and Social Media Coverage News SentimentNabors Industries has a news sentiment score of -0.06. 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 0.51 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Nabors Industries this week, compared to 2 articles on an average week.Search Interest5 people have searched for NBR on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat Follows8 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nabors Industries insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.63% of the stock of Nabors Industries is held by insiders.Percentage Held by Institutions71.98% of the stock of Nabors Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Nabors Industries are expected to grow in the coming year, from ($26.93) to $14.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nabors Industries is -3.58, 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. SectorThe P/E ratio of Nabors Industries is -3.58, 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 RatioNabors Industries has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Nabors Industries (NYSE:NBR) StockNabors 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.Read More Receive NBR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nabors Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address NBR Stock News HeadlinesJanuary 21, 2023 | americanbankingnews.comNabors Industries (NYSE:NBR) Now Covered by BenchmarkJanuary 18, 2023 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Nabors Industries (NBR), Schindler Holding AG (OtherSHLAF) and VAT Group AG (OtherVTTGF)January 30, 2023 | Investing Trends (Ad)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. January 15, 2023 | finance.yahoo.comLoss-Making Nabors Industries Ltd. (NYSE:NBR) Set To BreakevenJanuary 11, 2023 | finance.yahoo.comNabors Industries Ltd. Fourth Quarter 2022 Earnings Conference Call InvitationJanuary 10, 2023 | finance.yahoo.comAre Investors Undervaluing Nabors Industries (NBR) Right Now?January 7, 2023 | thestreet.comNabors Industries (NBR) Stock Closed Down as Oversupply Weighs on Oil PricesJanuary 6, 2023 | finance.yahoo.comNabors (NBR) Upgraded to Strong Buy: Here's WhyJanuary 30, 2023 | Investing Trends (Ad)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.December 24, 2022 | thestreet.comWill This Downgrade Hurt Nabors Industries (NBR) Stock Today?December 3, 2022 | finance.yahoo.comNabors Industries Ltd. (NYSE:NBR) is largely controlled by institutional shareholders who own 74% of the companyNovember 24, 2022 | finance.yahoo.comNabors (NBR) Down 6.7% Since Last Earnings Report: Can It Rebound?November 16, 2022 | finance.yahoo.comNabors Marks Major Industry Milestone: Fully Automates Existing Land Rig with First-of-its-Kind Robotics ModuleNovember 14, 2022 | finance.yahoo.comIs Nabors Industries Ltd. (NBR) Stock Mispriced?November 13, 2022 | finance.yahoo.com‘Deep Geothermal’ Promises to Let Drillers Go Deeper, Faster and HotterNovember 8, 2022 | seekingalpha.comMiller Value Partners - Nabors: A Significantly Mispriced OpportunityNovember 4, 2022 | markets.businessinsider.comAnalyst Ratings for Nabors IndustriesOctober 28, 2022 | finance.yahoo.comNabors (NBR) Posts Wider Loss, Sales Beat Estimates in Q3October 26, 2022 | seekingalpha.comNabors Industries Ltd. (NBR) Q3 2022 Earnings Call TranscriptOctober 26, 2022 | seekingalpha.comNabors stock surges 25% as Q3 net loss narrows; sees Q4 'increase materially' Q/QOctober 26, 2022 | finance.yahoo.comWhy Nabors Industries Stock Is Soaring TodayOctober 26, 2022 | finance.yahoo.comNabors Industries posts Q3 net loss but beats analysts' expectationsOctober 25, 2022 | finance.yahoo.comNabors Announces Third Quarter 2022 ResultsOctober 20, 2022 | uk.finance.yahoo.comDoes Nabors (NBR) Have the Potential to Rally 31% as Wall Street Analysts Expect?October 17, 2022 | finance.yahoo.comNabors Industries (NYSE:NBR shareholders incur further losses as stock declines 11% this week, taking five-year losses to 62%October 14, 2022 | finance.yahoo.comZacks.com featured highlights Coupang, Nabors Industries and Bank of N.T. Butterfield & SonOctober 13, 2022 | finance.yahoo.comBuy These 3 Top Stocks Right Away for Earnings AccelerationSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NBR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Nabors Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address NBR Company Calendar Last Earnings10/26/2021Today1/30/2023Next Earnings (Confirmed)2/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Drilling oil & gas wells Sub-IndustryOil & Gas Drilling SectorOils/Energy Current SymbolNYSE:NBR CUSIPG6359F10 CIK1163739 Webwww.nabors.com Phone(441) 292-1510Fax441-292-1334Employees10,000Year Founded1952Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($48.32) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio4.34 Current Ratio1.73 Quick Ratio1.50 Sales & Book Value Annual Sales$2.02 billion Price / Sales0.80 Cash Flow$28.03 per share Price / Cash Flow6.11 Book Value$87.24 per share Price / Book1.96Miscellaneous Outstanding Shares9,420,000Free Float8,792,000Market Cap$1.61 billion OptionableOptionable Beta2.79 Social Links Key ExecutivesAnthony G. PetrelloChairman, President & Chief Executive OfficerTravis PurvisSenior Vice President-Global OperationsWilliam J. RestrepoChief Financial OfficerMichael RasmusonSecretary, Chief CMP, SVP & General CounselJade StrongChief Administrative Officer & Senior VPKey CompetitorsPatterson-UTI EnergyNASDAQ:PTENHelmerich & PayneNYSE:HPPrecision DrillingNYSE:PDSBorr DrillingNYSE:BORRHighPeak EnergyNASDAQ:HPKView All CompetitorsInsiders & InstitutionsNew York State Teachers Retirement SystemBought 200 shares on 1/27/2023Ownership: 0.115%Alpha DNA Investment Management LLCBought 6,809 shares on 1/27/2023Ownership: 0.072%Comerica BankSold 1,490 shares on 1/26/2023Ownership: 0.056%Sippican Capital AdvisorsSold 117 shares on 1/26/2023Ownership: 0.021%Dupont Capital Management CorpSold 158 shares on 1/26/2023Ownership: 0.016%View All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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