NYSE:NBR

Nabors Industries - NBR Stock Forecast, Price & News

$143.08

-1.64 (-1.13%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: $141.12
▼
$146.00
50-Day Range: $98.55
▼
$178.47
52-Week Range: $77.11
▼
$207.67

Volume: 101,267 shs
Average Volume: 171,661 shs
Market Capitalization: $1.35 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: 15.1% 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.

1.69 out of 5 stars

Oils/Energy Sector

217th out of 246 stocks

Drilling Oil & Gas Wells Industry

7th out of 8 stocks

1.8

Analyst's Opinion

Consensus Rating
Nabors Industries has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $164.67, Nabors Industries has a forecasted upside of 15.1% from its current price of $143.08.
Amount of Analyst Coverage
Nabors Industries has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.52% of the float of Nabors Industries has been sold short.
Short Interest Ratio / Days to Cover
Nabors Industries has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nabors Industries has recently decreased by 11.44%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Nabors Industries does not currently pay a dividend.
Dividend Growth
Nabors Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NBR.

1.8

News and Social Media Coverage

News Sentiment
Nabors Industries has a news sentiment score of 0.25. 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 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Nabors Industries this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nabors Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.63% of the stock of Nabors Industries is held by insiders.
Percentage Held by Institutions
65.99% of the stock of Nabors Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nabors Industries are expected to grow in the coming year, from ($26.60) to $16.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nabors Industries is -2.96, 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. Sector
The P/E ratio of Nabors Industries is -2.96, 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 Ratio
Nabors Industries has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

December 3, 2022 | finance.yahoo.com

Nabors Industries Ltd. (NYSE:NBR) is largely controlled by institutional shareholders who own 74% of the company

November 24, 2022 | finance.yahoo.com

Nabors (NBR) Down 6.7% Since Last Earnings Report: Can It Rebound?

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

September 6, 2022 | seekingalpha.com

Nabors Industries: A Positive Outlook For Demand Is Helping

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NBR Company Calendar

Last Earnings: 10/25/2022
Today: 12/07/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/14/2023

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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: +15.1%
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: 0.67
Cash Flow: $26.30 per share
Price / Cash Flow: 5.44
Book Value: $87.24 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 9,416,000
Free Float: 8,792,000
Market Cap: $1.35 billion
Optionable: Optionable
Beta: 2.84

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

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 analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 2 sell ratings and 4 hold 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?: 6 Wall Street analysts 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 share price to reach $164.67 in the next twelve months. This suggests a possible upside of 15.1% 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 at the beginning of 2022. Since then, NBR shares have increased by 76.4% and is now trading at $143.08.
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 earnings results on Tuesday, October, 25th. The oil and gas company reported ($5.54) EPS for the quarter, missing analysts' consensus estimates of ($3.71) by $1.83. The oil and gas company earned $698.95 million during the quarter, compared to the consensus estimate 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?: 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 market closes 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 retail and institutional 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 $143.08.
How much money does Nabors Industries make?: Nabors Industries (NYSE:NBR) has a market capitalization of $1.35 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 12/7/2022 by MarketBeat.com Staff

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