Nabors Industries Stock Forecast, Price & News

-4.27 (-4.65 %)
(As of 07/30/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume354,192 shs
Average Volume129,416 shs
Market Capitalization$803.34 million
P/E RatioN/A
Dividend YieldN/A
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About Nabors Industries

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, 2020, the company marketed approximately 354 rigs for land-based drilling operations in the United States and Canada, as well as in 14 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 headquartered in Hamilton, Bermuda.


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Overall MarketRank

1.41 out of 5 stars

Oils/Energy Sector

298th out of 710 stocks

Drilling Oil & Gas Wells Industry

10th out of 39 stocks

Analyst Opinion: 0.7Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Nabors Industries (NYSE:NBR) Frequently Asked Questions

Is Nabors Industries a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" Nabors Industries stock.
View analyst ratings for Nabors Industries
or view top-rated stocks.

What stocks does MarketBeat like better than Nabors Industries?

Wall Street analysts have given Nabors Industries a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Nabors Industries wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Nabors Industries?

Nabors Industries saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 503,400 shares, a decrease of 31.9% from the June 15th total of 738,800 shares. Based on an average trading volume of 174,800 shares, the days-to-cover ratio is presently 2.9 days. Currently, 6.7% of the company's stock are sold short.
View Nabors Industries' Short Interest

When is Nabors Industries' next earnings date?

Nabors Industries is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Nabors Industries

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) released its quarterly earnings data on Wednesday, April, 28th. The oil and gas company reported ($20.16) EPS for the quarter, missing the Zacks' consensus estimate of ($20.10) by $0.06. The oil and gas company earned $461.77 million during the quarter, compared to analyst estimates of $451.08 million. Nabors Industries had a negative net margin of 32.63% and a negative trailing twelve-month return on equity of 49.81%.
View Nabors Industries' earnings history

How has Nabors Industries' stock price been impacted by Coronavirus (COVID-19)?

Nabors Industries' stock was trading at $0.3966 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NBR shares have increased by 21,965.1% and is now trading at $87.51.
View which stocks have been most impacted by COVID-19

When did Nabors Industries' stock split? How did Nabors Industries' stock split work?

Shares of Nabors Industries 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 Nabors Industries stock prior to the reverse split would have 2 shares after the split.

What price target have analysts set for NBR?

5 brokers have issued 1-year target prices for Nabors Industries' stock. Their forecasts range from $35.00 to $100.00. On average, they anticipate Nabors Industries' stock price to reach $55.50 in the next year. This suggests that the stock has a possible downside of 36.6%.
View analysts' price targets for Nabors Industries
or view top-rated stocks among Wall Street analysts.

Who are Nabors Industries' key executives?

Nabors Industries' management team includes the following people:
  • Mr. Anthony G. Petrello, Chairman, Pres & CEO (Age 66, Pay $4.38M)
  • Mr. William J. Restrepo, Chief Financial Officer (Age 62, Pay $1.74M)
  • Mr. Mark D. Andrews, Corp. Sec. (Age 48, Pay $398.19k)
  • Mr. Travis Purvis, Sr. VP of Global Operations
  • Mr. R. Clark Wood, VP & Chief Accounting Officer (Age 49)
  • 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, Pres of Global Drilling & Engineering (Age 68)

What is Anthony G. Petrello's approval rating as Nabors Industries' CEO?

172 employees have rated Nabors Industries CEO Anthony G. Petrello on Glassdoor.com. Anthony G. Petrello has an approval rating of 61% among Nabors Industries' employees. This puts Anthony G. Petrello in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Nabors Industries' key competitors?

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 Alliancebernstein L.P. (0.09%), State of Alaska Department of Revenue (0.05%), Dupont Capital Management Corp (0.03%) and Founders Capital Management (0.00%). Company insiders that own Nabors Industries stock include Tanya S Beder and William J Restrepo.
View institutional ownership trends for Nabors Industries

Which institutional investors are selling Nabors Industries stock?

NBR stock was sold by a variety of institutional investors in the last quarter, including Dupont Capital Management Corp, and Founders Capital Management.
View insider buying and selling activity for Nabors Industries
or view top insider-selling stocks.

Which institutional investors are buying Nabors Industries stock?

NBR stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., and State of Alaska Department of Revenue. Company insiders that have bought Nabors Industries stock in the last two years include Tanya S Beder, and William J Restrepo.
View insider buying and selling activity for Nabors Industries
or or view top insider-buying stocks.

How do I buy shares of Nabors Industries?

Shares of NBR 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 $87.51.

How much money does Nabors Industries make?

Nabors Industries has a market capitalization of $803.34 million and generates $2.14 billion in revenue each year. The oil and gas company earns $-805,640,000.00 in net income (profit) each year or ($80.90) on an earnings per share basis.

How many employees does Nabors Industries have?

Nabors Industries 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.

When was Nabors Industries founded?

Nabors Industries was founded in 1952.

What is Nabors Industries' official website?

The official website for Nabors Industries is www.nabors.com.

Where are Nabors Industries' headquarters?

Nabors Industries is headquartered at 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08.

How can I contact Nabors Industries?

Nabors Industries' mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08. The oil and gas company can be reached via phone at 441-292-1510 or via email at [email protected]

This page was last updated on 8/1/2021 by MarketBeat.com Staff
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