Nabors Industries (NBR) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last twelve months. There are currently 5 hold ratings and 1 buy rating 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.
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6 equities research analysts have issued 1-year target prices for Nabors Industries' stock. Their NBR share price targets range from $88.00 to $150.00. On average, they predict the company's share price to reach $129.60 in the next twelve months. This suggests a possible upside of 72.6% from the stock's current price.
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Nabors Industries' stock was trading at $81.63 at the start of the year. Since then, NBR stock has decreased by 8.0% and is now trading at $75.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our NBR earnings forecast.

Nabors Industries will be holding an earnings conference call on Thursday, April 25th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9793677".

Nabors Industries Ltd. (NYSE:NBR) released its earnings results on Tuesday, February, 6th. The oil and gas company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($1.54) by $2.30. The oil and gas company earned $737.84 million during the quarter, compared to the consensus estimate of $749.52 million. Nabors Industries had a negative trailing twelve-month return on equity of 17.50% and a negative net margin of 0.66%.

Nabors Industries (NYSE:NBR) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for NBR.

ETFs with the largest weight of Nabors Industries (NYSE:NBR) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Strategas Macro Thematic Opportunities ETF (SAMT), Invesco S&P SmallCap Energy ETF (PSCE), Direxion Daily Oil Services Bull 2X Shares (ONG), FT Energy Income Partners Strategy ETF (EIPX) and VanEck Oil Services ETF (OIH).iShares U.S. Oil Equipment & Services ETF (IEZ).

Nabors Industries shares reverse split on the morning of 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.

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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include GAMMA Investing LLC (0.02%).
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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