Should I buy or sell Nabors Industries stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. 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. View NBR analyst ratings or view top-rated stocks .

What is Nabors Industries' stock price target for 2024?

6 Wall Street analysts have issued 12 month price objectives for Nabors Industries' stock. Their NBR share price targets range from $88.00 to $150.00. On average, they anticipate the company's share price to reach $129.60 in the next twelve months. This suggests a possible upside of 67.1% 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 2024?

Nabors Industries' stock was trading at $81.63 at the start of the year. Since then, NBR shares have decreased by 5.0% and is now trading at $77.54. View the best growth stocks for 2024 here .

When is Nabors Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our NBR earnings forecast .

How can I listen to Nabors Industries' earnings call?

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".

How were Nabors Industries' earnings last quarter?

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

What ETFs hold Nabors Industries' stock?

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) .

When did Nabors Industries' stock split?

Shares of Nabors Industries 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.

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) .

Who are Nabors Industries' major shareholders?

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

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

NYSE:NBR

Nabors Industries (NBR) Stock Price, News & Analysis

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$77.15

+0.11 (+0.14%)

(As of 11:45 AM ET)

Compare

Today's Range: $75.68
▼
$78.21
50-Day Range: $74.86
▼
$90.56
52-Week Range: $71.42
▼
$141.47

Volume: 44,930 shs
Average Volume: 243,553 shs
Market Capitalization: $730.61 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $129.60

Get Nabors Industries alerts:

Nabors Industries MarketRank™ Stock Analysis

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 67.1% Upside
$129.60 Price Target
Short Interest: Bearish
10.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.54
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($4.31) to $7.18 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.68 out of 5 stars

Oils/Energy Sector

190th out of 235 stocks

Drilling Oil & Gas Wells Industry

10th out of 12 stocks

3.1

Analyst's Opinion

Consensus Rating
Nabors Industries has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Nabors Industries has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.13% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nabors Industries has recently increased by 4.25%, indicating that investor sentiment is decreasing.

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.

3.1

News and Social Media Coverage

News Sentiment
Nabors Industries has a news sentiment score of 0.54. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Nabors Industries this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for NBR on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 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 7.09% of the stock of Nabors Industries is held by insiders.
Percentage Held by Institutions
81.92% 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 ($4.31) to $7.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nabors Industries is -15.03, 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 -15.03, 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 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Nabors Industries Stock (NYSE:NBR)

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; 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. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

NBR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NBR Stock News Headlines

April 17, 2024 | americanbankingnews.com

Nabors Industries (NBR) Scheduled to Post Quarterly Earnings on Wednesday

April 15, 2024 | americanbankingnews.com

Zacks Research Weighs in on Nabors Industries Ltd.'s FY2025 Earnings (NYSE:NBR)

April 19, 2024 | DTI (Ad)

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April 14, 2024 | markets.businessinsider.com

Nabors Industries (NBR) Receives a Rating Update from a Top Analyst

April 9, 2024 | americanbankingnews.com

Nabors Industries (NYSE:NBR) Stock Rating Reaffirmed by Susquehanna

April 3, 2024 | prnewswire.com

Nabors Industries Ltd. 1st Quarter 2024 Earnings Conference Call Invitation

April 3, 2024 | finance.yahoo.com

With 83% ownership of the shares, Nabors Industries Ltd. (NYSE:NBR) is heavily dominated by institutional owners

March 14, 2024 | finance.yahoo.com

NBR: Raising target price to $66.00

April 19, 2024 | Paradigm Press (Ad)

Biden replacement revealed?

A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.

March 13, 2024 | finance.yahoo.com

Investors in Nabors Industries (NYSE:NBR) have unfortunately lost 51% over the last five years

February 25, 2024 | finance.yahoo.com

NBR Dec 2024 100.000 call

February 25, 2024 | finance.yahoo.com

NBR Dec 2024 45.000 put

February 19, 2024 | seekingalpha.com

Nabors Industries Is A Buy Despite The Saudi Announcement

February 17, 2024 | finance.yahoo.com

NBR Mar 2024 90.000 put

February 15, 2024 | bizjournals.com

Chesapeake Energy leads $17M funding of Sage Geosystems’ newest geothermal project

February 10, 2024 | markets.businessinsider.com

RBC Capital Sticks to Their Hold Rating for Nabors Industries (NBR)

February 9, 2024 | finance.yahoo.com

Nabors Industries Ltd.'s (NYSE:NBR) Intrinsic Value Is Potentially 73% Above Its Share Price

February 8, 2024 | finance.yahoo.com

Nabors Industries Ltd. (NYSE:NBR) Q4 2023 Earnings Call Transcript

February 7, 2024 | finance.yahoo.com

Nabors (NBR) Q4 Earnings Improve Y/Y, Sales Miss Estimates

February 7, 2024 | finance.yahoo.com

Nabors Industries (NBR) Reports Q4 Loss, Lags Revenue Estimates

February 7, 2024 | finance.yahoo.com

Nabors (NBR) Reports Q4 Earnings: What Key Metrics Have to Say

February 6, 2024 | finance.yahoo.com

Nabors Announces Fourth Quarter 2023 Results

February 6, 2024 | markets.businessinsider.com

Nabors Industries Ltd. Q4 Loss decreases, but misses estimates

February 6, 2024 | finance.yahoo.com

Nabors Industries Ltd (NBR) Reports Improved Financials Amidst Market Challenges

January 28, 2024 | chron.com

Oil Report Nabors SLB Collaboration

January 23, 2024 | finance.yahoo.com

Nabors (NBR) Declined on Weak Commodity Prices

January 22, 2024 | finance.yahoo.com

Bear of the Day: Nabors Industries (NBR)

See More Headlines

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Company Calendar

Last Earnings: 2/06/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Drilling oil & gas wells
Sub-Industry: Oil & Gas Drilling
Current Symbol: NYSE:NBR
CUSIP: G6359F10
CIK: 1163739
Web: www.nabors.com
Phone: (441) 292-1510
Fax: 441-292-1334
Employees: 12,000
Year Founded: 1952

Price Target and Rating

Average Stock Price Target: $129.60
High Stock Price Target: $150.00
Low Stock Price Target: $88.00
Potential Upside/Downside: +68.2%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-11,780,000.00
Net Margins: -0.66%
Pretax Margin: 4.23%
Return on Equity: -17.50%
Return on Assets: -2.07%

Debt

Debt-to-Equity Ratio: 4.63
Current Ratio: 1.36
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $3.05 billion
Price / Sales: 0.24
Cash Flow: $61.14 per share
Price / Cash Flow: 1.26
Book Value: $57.26 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 9,470,000
Free Float: 8,800,000
Market Cap: $729.57 million
Optionable: Optionable
Beta: 2.33

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Key Executives

Mr. Anthony G. Petrello (Age 69)
Chairman, President & CEO
Comp: $6.15M
Mr. William J. Restrepo (Age 65)
Chief Financial Officer
Comp: $2.68M
Mr. Mark D. Andrews (Age 51)
Corporate Secretary
Comp: $588.96k
Mr. R. Clark Wood (Age 52)
VP & Chief Accounting Officer
Comp: $815.79k
Ms. Jade Strong
Senior VP & Chief Administration Officer
Mr. Siegfried Meissner (Age 71)
President of Energy Transition & Industrial Automation
Mr. Travis Purvis
Senior Vice President of Global Drilling Operations
Mr. Subodh Saxena
Senior Vice President of Canrig & Nabors Drilling Solutions
Mr. Yehya Altameimi
Chief Executive Officer of Saudi Aramco Nabors Drilling
Mr. William Cornelius Conroy CFA
Vice President of Corporate Development & Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NBR Stock Analysis - Frequently Asked Questions

Should I buy or sell Nabors Industries stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nabors Industries in the last year. 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.
View NBR analyst ratings or view top-rated stocks.
What is Nabors Industries' stock price target for 2024?: 6 Wall Street analysts have issued 12 month price objectives for Nabors Industries' stock. Their NBR share price targets range from $88.00 to $150.00. On average, they anticipate the company's share price to reach $129.60 in the next twelve months. This suggests a possible upside of 67.1% 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 2024?: Nabors Industries' stock was trading at $81.63 at the start of the year. Since then, NBR shares have decreased by 5.0% and is now trading at $77.54.
View the best growth stocks for 2024 here.
When is Nabors Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our NBR earnings forecast.
How can I listen to Nabors Industries' earnings call?: 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".
How were Nabors Industries' earnings last quarter?: Nabors Industries Ltd. (NYSE:NBR) posted its earnings results on Tuesday, February, 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts' consensus estimates of ($1.54) by $2.30. The oil and gas company had revenue of $737.84 million for the quarter, compared to analysts' expectations of $749.52 million. Nabors Industries had a negative net margin of 0.66% and a negative trailing twelve-month return on equity of 17.50%.
What ETFs hold Nabors Industries' stock?: 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).

When did Nabors Industries' stock split?: Shares of Nabors Industries 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.
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).
Who are Nabors Industries' major shareholders?: Nabors Industries' stock is owned by a variety of retail and institutional investors. Top institutional investors include GAMMA Investing LLC (0.02%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NYSE:NBR) was last updated on 4/19/2024 by MarketBeat.com Staff

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Nabors Industries (NBR) Stock Price, News & Analysis

Nabors Industries MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Nabors Industries Stock (NYSE:NBR)

NBR Stock Price History

NBR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

NBR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™