Nabors Industries (NYSE:NBR) Stock

Nabors Industries

Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and technologies. The company has four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

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<p>The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.</p>
<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3 class="wp-block-heading"><strong>Nabors Industries Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>)</strong></h3>
<ul>
<li>On Feb. 12, Nabors Industries reported worse-than-expected fourth-quarter financial results. Anthony G. Petrello, Nabors Chairman, CEO and President, commented, &#8220;We are looking forward to adding Parker to the Nabors portfolio. Our integration planning reinforces the Parker attributes that we identified earlier. We are confident that this acquisition will advance our strategic objectives while creating value for our stakeholders." The company's stock fell around 32% over the past month and has a <a href="https://www.benzinga.com/quote/NBR">52-week low of $44.00</a>.</li>
<li><strong>RSI Value:</strong> 26.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NBR Price Action:</strong> Shares of Nabors fell 2.4% to close at $46.08 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021925&amp;t=be2bearmibe3na1">NBR news</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="885" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073101/image-161.png" alt="" class="wp-image-788771" style="width:559px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073101/image-161.png 885w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073101/image-161-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073101/image-161-768x718.png 768w" sizes="(max-width: 885px) 100vw, 885px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Helmerich and Payne Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong></h3>
<ul>
<li>On Feb. 5, Helmerich &amp; Payne missed first-quarter revenue expectations. President and CEO John Lindsay commented, &#8220;During the first fiscal quarter of 2025, the Company executed at a high level on multiple fronts. Our NAS segment maintained its industry leading position with a financial performance and a stable rig count reflecting the value proposition we are providing to customers. In our International Solutions segment, we completed the exportation of eight rigs into Saudi Arabia during the quarter, three of which have spud. We are looking forward to more of those rigs commencing operations in the coming months. The company's stock fell around 28% over the past month and <a href="https://www.benzinga.com/quote/HP">has a 52-week low</a> of $25.69.</li>
<li><strong>RSI Value:</strong> 27.2</li>
<li><strong>HP Price Action:</strong> Shares of Helmerich and Payne fell 1% to close at $26.27 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021925&amp;t=be2bearmibe3na1">HP stock</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="855" height="748" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073207/image-162.png" alt="" class="wp-image-788774" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073207/image-162.png 855w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073207/image-162-300x262.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19073207/image-162-768x672.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></a></figure></p>
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<p>Barclays  analyst David Anderson   maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Equal-Weight and lowers the price target from $90 to $53.</p>


Barclays Maintains Equal-Weight on Nabors Industries, Lowers Price Target to $53

WIIM

Nabors Industries shares are trading lower after the company reported worse-than-expected Q4 financial results.

<p>Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) reported quarterly losses of $(6.67) per share which missed the analyst consensus estimate of $(1.71) by 290.06 percent. This is a 147.04 percent decrease over losses of $(2.70) per share from the same period last year.  The company reported quarterly sales of $738.647 million which missed the analyst consensus estimate of $739.992 million by 0.18 percent.  This is a 1.77 percent increase over sales of $725.801 million the same period last year.</p>


Earnings

Earnings Misses

Nabors Industries Q4 2024 Adj. EPS $(6.67) Misses $(1.71) Estimate, Sales $738.647M Miss $739.992M Estimate

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Earnings Scheduled For February 12, 2025

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<p>Deep-pocketed investors have adopted a bullish approach towards Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NBR usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Nabors Industries. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 50% leaning bullish and 41% bearish. Among these notable options, 7 are puts, totaling $310,700, and 5 are calls, amounting to $177,650.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $90.0 for Nabors Industries over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Nabors Industries's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Nabors Industries's whale activity within a strike price range from $55.0 to $90.0 in the last 30 days. </p>
<h3>Nabors Industries Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729802742_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.4</td>
<td>$11.9</td>
<td>$12.1</td>
<td>$75.00</td>
<td>$121.0K</td>
<td>7.4K</td>
<td style="text-align: right;">228</td>
</tr>
<tr>
<td>NBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$2.1</td>
<td>$1.65</td>
<td>$1.9</td>
<td>$80.00</td>
<td>$38.0K</td>
<td>2.4K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>NBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$7.9</td>
<td>$7.4</td>
<td>$7.6</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>276</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>NBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.3</td>
<td>$7.0</td>
<td>$7.03</td>
<td>$90.00</td>
<td>$35.1K</td>
<td>1.2K</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>NBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$85.00</td>
<td>$35.0K</td>
<td>540</td>
<td style="text-align: right;">215</td>
</tr>
</tbody>
</table>
</p>
<h3>About Nabors Industries</h3>
<p>Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 291 actively marketed rigs for land-based drilling operations and 28 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.</p>
<p>Having examined the options trading patterns of Nabors Industries, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Nabors Industries</h3>
<ul>
<li>Trading volume stands at 428,872, with NBR's price up by 3.96%, positioned at $72.95.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 103 days.</li>
</ul>
<h3>What The Experts Say On Nabors Industries</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $88.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Susquehanna persists with their Neutral rating on Nabors Industries, maintaining a target price of $77.<br />
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Nabors Industries with a target price of $88.<br />
&#x2A; An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $102.<br />
&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on Nabors Industries, maintaining a target price of $85. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Nabors Industries options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Nabors Industries's Options Frenzy: What You Need to Know

<p>In the latest quarter, 5 analysts provided ratings for Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Nabors Industries and provided 12-month price targets. The average target is $85.4, accompanied by a high estimate of $102.00 and a low estimate of $75.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 13.74%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729792826_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>A comprehensive examination of how financial experts perceive Nabors Industries is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$77.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Jason Bandel</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$85.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$88.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$102.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nabors Industries. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Nabors Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Nabors Industries's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Nabors Industries's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NBR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Nabors Industries analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Delving into Nabors Industries's Background</h2>
<p>Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 291 actively marketed rigs for land-based drilling operations and 28 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.</p>
<h3>Nabors Industries's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Nabors Industries faced challenges, resulting in a decline of approximately <strong>-0.41%</strong> in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> Nabors Industries's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>-8.63%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Nabors Industries's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>-28.61%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Nabors Industries's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>-1.38%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>13.08</strong>, caution is advised due to increased financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


5 Analysts Have This To Say About Nabors Industries

<p>Susquehanna  analyst Charles Minervino   maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Neutral and lowers the price target from $79 to $77.</p>


Susquehanna Maintains Neutral on Nabors Industries, Lowers Price Target to $77

<p>Evercore ISI Group  analyst Jason Bandel   maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a In-Line and lowers the price target from $94 to $85.</p>


Evercore ISI Group Maintains In-Line on Nabors Industries, Lowers Price Target to $85

Guidance

Nabors Sees FY24 Capital Expenditures ~$600M With $230M For SANAD Newbuilds

Nabors Sees Q4 Capital Expenditures $230M With $105M For Newbuilds In Saudi Arabia

<p>Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) reported quarterly losses of $(6.86) per share which missed the analyst consensus estimate of $(2.33) by 194.42 percent.  The company reported quarterly sales of $743.308 million which missed the analyst consensus estimate of $751.005 million by 1.02 percent.  This is a 0.11 percent decrease over sales of $744.143 million the same period last year.</p>


Nabors Industries Q3 2024 GAAP EPS $(6.86) Misses $(2.33) Estimate, Sales $743.308M Miss $751.005M Estimate

<p>Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) will release its quarterly earnings report on Tuesday, 2024-10-22. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Nabors Industries to report an <strong>earnings per share</strong> (EPS) of $-1.73.</p>
<p>Anticipation surrounds Nabors Industries's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.</p>
<p>New investors should understand that while earnings performance is important, market reactions are often driven by guidance.</p>
<h3>Earnings History Snapshot</h3>
<p>Last quarter the company missed EPS by $2.44, which was followed by a 10.42% increase in the share price the next day.</p>
<p>Here's a look at Nabors Industries's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-1.85</td>
<td>-1.66</td>
<td>-1.22</td>
<td></td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-4.29</td>
<td>-4.54</td>
<td>-1.56</td>
<td>-6.26</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>10.0%</td>
<td>-5.0%</td>
<td>-1.0%</td>
<td>-6.0%</td>
</tr>
</tbody>
</table>
</p>
<h3>Nabors Industries Share Price Analysis</h3>
<p>Shares of Nabors Industries were trading at $73.09 as of October 18. Over the last 52-week period, shares are down 37.02%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. </p>
<h3>Analyst Insights on Nabors Industries</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Nabors Industries.</p>
<p>With 4 analyst ratings, Nabors Industries has a consensus rating of Neutral. The average one-year price target is $94.75, indicating a potential 29.63% upside.</p>
<h3>Understanding Analyst Ratings Among Peers</h3>
<p>The below comparison of the analyst ratings and average 1-year price targets of Borr Drilling, Seadrill and Patterson-UTI Energy, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.</p>
<ul>
<li>Analysts currently favor an Outperform trajectory for Borr Drilling, with an average 1-year price target of $9.0, suggesting a potential 87.69% downside.</li>
<li>Seadrill is maintaining an Buy status according to analysts, with an average 1-year price target of $64.0, indicating a potential 12.44% downside.</li>
<li>Patterson-UTI Energy received a Outperform consensus from analysts, with an average 1-year price target of $12.0, implying a potential 83.58% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for Borr Drilling, Seadrill and Patterson-UTI Energy, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nabors Industries</td>
<td>Neutral</td>
<td>-4.21%</td>
<td>$134.43M</td>
<td>-14.73%</td>
</tr>
<tr>
<td>Borr Drilling</td>
<td>Outperform</td>
<td>45.01%</td>
<td>$240M</td>
<td>3.19%</td>
</tr>
<tr>
<td>Seadrill</td>
<td>Buy</td>
<td>-9.42%</td>
<td>$112M</td>
<td>8.45%</td>
</tr>
<tr>
<td>Patterson-UTI Energy</td>
<td>Outperform</td>
<td>77.65%</td>
<td>$109.39M</td>
<td>0.24%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Nabors Industries ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks in the middle for Return on Equity.</p>
<h3>Unveiling the Story Behind Nabors Industries</h3>
<p>Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 291 actively marketed rigs for land-based drilling operations and 28 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.</p>
<h3>Key Indicators: Nabors Industries's Financial Health</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Nabors Industries's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately <strong>-4.21%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> Nabors Industries's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>-5.38%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Nabors Industries's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-14.73%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Nabors Industries's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-0.85%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Nabors Industries's debt-to-equity ratio surpasses industry norms, standing at <strong>10.06</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<p><a href="https://www.benzinga.com/quote/NBR/earnings"><strong>To track all earnings releases for Nabors Industries visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Look at Nabors Industries's Upcoming Earnings Report

<p>Barclays  analyst David Anderson   maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Equal-Weight and lowers the price target from $110 to $88.</p>


Barclays Maintains Equal-Weight on Nabors Industries, Lowers Price Target to $88

<p>RBC Capital  analyst Keith Mackey   reiterates Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Sector Perform and maintains $102 price target.</p>


Reiteration

RBC Capital Reiterates Sector Perform on Nabors Industries, Maintains $102 Price Target

<p>Nabors Industries Ltd.&nbsp;("Nabors") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.</p>
<p>Parker provides drilling services across global energy markets. Through its Quail Tools subsidiary, Parker is the leading rental provider of high-performance downhole tubulars in the U.S. market. Internationally, Parker provides tubular rentals and repair services, with state-of-the-art facilities located in key geographies. Parker offers differentiated, casing and tubular running services in the U.S., the Middle East, Latin America, and Asia. Its portfolio also includes a fleet of 17 drilling rigs in the U.S. and international markets, as well as Operations &amp; Maintenance services primarily in Canada and Alaska.</p>
<p>Anthony Petrello, Chairman, President &amp; CEO of Nabors, commented, "This transaction brings together two of the storied names in our industry. The acquisition of Parker expands our high margin, capex-light Nabors Drilling Solutions global business, while solidifying the geographical footprint of our international drilling rig business. With Parker's resilient free cash flow and healthy capital structure, this acquisition also is expected to deliver profitable growth together with improved leverage metrics.</p>
<p>&nbsp;</p>
<p><strong>Enhances scale and improves leverage metrics</strong></p>
<p>On a combined company basis, adjusted EBITDA for the first six months of 2024 totaled $527 million. For the full year 2024, Parker expects to generate EBITDA of $180 million. With meaningful incremental EBITDA and only $100 million in additional net debt, the transaction is projected to improve Nabors' leverage metrics.</p>


Nabors Industries Announces Agreement To Acquire Parker Wellbore In Exchange For 4.8M Shares Of Nabors Common Stock, And The Assumption Of Net Debt Totaling ~$100M; Adjusted EBITDA For The First 6-Months Of 2024 Totaled $527M. For FY24, Parker Expects To Generate EBITDA Of $180M

BROG

WFRD

Shares of oil and gas companies are trading lower, possibly as the sector pulls back after rallying on Tuesday due to China stimulus efforts and Middle East tension. Also, a report suggests that rival factions in Libya have resumed talks.

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="http://benzinga.com/analyst-stock-ratings"> analyst ratings page</a>.</p>
<ul>
<li>Wells Fargo cut the price target for<strong> Pebblebrook Hotel Trust </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from $15 to $13. Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating. Pebblebrook Hotel Trust shares rose 1.5% to trade at $12.98 on Friday. S<a href="https://www.benzinga.com/quote/PEB/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for <strong>Moderna, In</strong>c. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) from $70 to $60. TD Cowen analyst Tyler Van Buren maintained a Hold rating. Moderna shares fell 4.9% to trade at $66.25 on Friday. <a href="https://www.benzinga.com/quote/mrna/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut <strong>Zimmer Biomet Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) price target from $117 to $112. Truist Securities analyst Richard Newitter reiterated a Hold rating. Zimmer Biomet shares gained 1.8% to trade at $107.06 on Friday. <a href="https://www.benzinga.com/quote/zbh/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised <strong>Oracle Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) price target from $185 to $200. Guggenheim analyst John Difucci maintained a Buy rating. Oracle shares rose 1% to trade at $162.87 on Friday. <a href="https://www.benzinga.com/quote/orcl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised the price target for <strong>TPG Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) from $53 to $60. Goldman Sachs analyst Alexander Blostein maintained a Buy rating. TPG shares gained 3% to close at $55.55 on Friday. S<a href="https://www.benzinga.com/quote/tpg/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>UBS boosted <strong>CubeSmart </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) price target from $53 to $54. UBS analyst Michael Goldsmith downgraded the stock from Buy to Neutral. CubeSmart shares fell 0.2% to trade at $53.81 on Friday. <a href="https://www.benzinga.com/quote/cube/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li>Stifel cut <strong>Wynn Resorts, Limite</strong>d (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $121 to $103. Stifel analyst Steve Wieczynski maintained a Buy rating. Wynn Resorts shares rose 3.6% to trade at $79.07 on Friday. <a href="https://www.benzinga.com/quote/wynn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for <strong>Nabors Industries Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from $110 to $75. Citigroup analyst Scott Gruber downgraded the stock from Buy to Neutral. Nabors Industries shares rose 0.5% to trade at $65.41 on Friday. <a href="https://www.benzinga.com/quote/nbr/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed <strong>Garmin Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) price target from $181 to $133. Barclays analyst George Wang downgraded the stock from Equal-Weight to Underweight. Garmin shares fell 6.2% to trade at $170.74 on Friday. <a href="https://www.benzinga.com/quote/grmn/analyst-ratings">See how other analysts view this stock.</a></li>
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<p><strong>Read More:</strong></p>
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<p>Citigroup  analyst Scott Gruber   downgrades Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from Buy to Neutral and lowers the price target from $110 to $75.</p>


Downgrades

Citigroup Downgrades Nabors Industries to Neutral, Lowers Price Target to $75

Press Releases

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates RVNC, USAP, NBR on Behalf of Shareholders

$TOCKHOLDER ALERT: The M&A Class Action Firm Encourages Shareholders of USAP, NBR, ALTR, AE to Take Action

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates USAP, ZUO, NBR, SPR on Behalf of Shareholders

Legal

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BCOV, ENLC, NBR on Behalf of Shareholders

SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates FLIC, MGOL, NBR on Behalf of Shareholders

Commodities

Nabors Industries Ltd. 4th Quarter 2024 Earnings Conference Call Invitation

Small Cap

e2Companies, Creator of the Energy Industry's First Virtual Utility®, To Go Public Through Business Combination with Nabors Energy Transition Corp. II

Nabors Industries Issues Statement on Planned Business Combination Between Nabors Energy Transition Corp II and e2Companies

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