Nabors Industries (NBR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $53.45 to $56.21
• 50-Day Range: $53.77 to $84.25
• 52-Week Range: $53.45 to $105.96
• Volume: 629,819 shs
• Average Volume: 289,564 shs
• Market Capitalization: $575.82 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $97.00
• Consensus Rating: Hold

Nabors Industries Stock Analysis - MarketRank™

Nabors Industries scored higher than 75% of companies evaluated by MarketBeat, and ranked 96th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Nabors Industries has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nabors Industries has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Nabors Industries are expected to grow in the coming year, from ($15.52) to ($2.98) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nabors Industries is -2.92, 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 -2.92, 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 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

16.43% 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 3.8, 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 22.22%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Nabors Industries does not currently pay a dividend.

Dividend Growth

Nabors Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.43% 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 3.8, 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 22.22%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.21

News Sentiment

Nabors Industries has a news sentiment score of 0.21. 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 0.64 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Nabors Industries this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for NBR on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

3 people have added Nabors Industries to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 7.29% 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.

NBR Stock Analysis - Frequently Asked Questions

How have NBR shares performed this year?

Nabors Industries' stock was trading at $81.63 at the beginning of 2024. Since then, NBR stock has decreased by 34.1% and is now trading at $53.77.
View the best growth stocks for 2024 here.

How were Nabors Industries' earnings last quarter?

Nabors Industries Ltd. (NYSE:NBR) announced its quarterly earnings results on Tuesday, July, 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing analysts' consensus estimates of ($1.77) by $2.52. The company's quarterly revenue was down 4.6% on a year-over-year basis.

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.

Does Nabors Industries have any subsidiaries?

The following companies are subsidiaries of Nabors Industries: Superior Well Services, PetroMar Technologies Inc., Tesco, Robotic Drilling Systems, Nabors Blue Shield Ltd., Nabors Drilling Holdings Inc., Nabors Drilling International Limited, and others.

Who are Nabors Industries' major shareholders?

Nabors Industries' top institutional investors include State Street Corp (4.35%), Wolverine Trading LLC, Geode Capital Management LLC (2.16%) and Charles Schwab Investment Management Inc. (1.52%).
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.

What other stocks do shareholders of Nabors Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nabors Industries investors own include Humana (HUM), American Water Works (AWK), DiamondRock Hospitality (DRH), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/23/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

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: $97.00
• High Stock Price Target: $150.00
• Low Stock Price Target: $77.00
• Potential Upside/Downside: +80.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($18.39)
• 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: -4.69%
• Pretax Margin: 0.33%
• Return on Equity: -25.68%
• Return on Assets: -2.73%

Debt

• Debt-to-Equity Ratio: 5.43
• Current Ratio: 1.88
• Quick Ratio: 1.63

Sales & Book Value

• Annual Sales: $2.93 billion
• Price / Sales: 0.20
• Cash Flow: $46.76 per share
• Price / Cash Flow: 1.15
• Book Value: $57.26 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 10,709,000
• Free Float: 9,928,000
• Market Cap: $575.82 million
• Optionable: Optionable
• Beta: 2.05