Nabors Industries Ltd. (NYSE:NBR) Receives $102.57 Average Price Target from Analysts

Shares of Nabors Industries Ltd. (NYSE:NBR) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $102.5714.

A number of research firms have recently weighed in on NBR. Zacks Research downgraded Nabors Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Susquehanna dropped their price objective on Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Wall Street Zen lowered Nabors Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $130.00 price target (up from $120.00) on shares of Nabors Industries in a research report on Thursday, July 30th.

More Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Strategic geothermal investment: Nabors invested $35 million in Quaise Energy’s $180 million Series B financing, increasing its ownership to approximately 14%. The deal strengthens Nabors’ position in superhot geothermal drilling and supports its technology-enabled growth strategy. Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy
• Positive Sentiment: Commercialization partnership: Nabors and Quaise also agreed to a strategic framework covering drilling operations, technology integration and commercial development. The collaboration is intended to advance Project Obsidian and Quaise’s millimeter-wave drilling system, potentially giving Nabors exposure to a new energy market beyond conventional oil and gas services. Quaise Energy Series B and Strategic Framework Announcement
• Neutral Sentiment: Recent share momentum: A market commentary noted that NBR had gained 10.4% since its latest earnings report. However, the article primarily asks whether the move can continue and does not provide a new operating or financial catalyst. Nabors Up 10.4% Since Last Earnings Report
• Negative Sentiment: Director sale: Director David J. Tudor sold 3,200 NBR shares for approximately $295,360, reducing his direct holdings by 37.8%. While insider sales can reflect personal liquidity needs rather than a view on the company, the transaction may weigh modestly on sentiment. SEC Form 4 Filing

Nabors Industries Stock Up 0.3%

Shares of NYSE:NBR opened at $91.89 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 6.84 and a beta of 0.98. The company has a 50 day moving average of $84.68 and a 200-day moving average of $86.48. Nabors Industries has a one year low of $34.70 and a one year high of $112.90.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings data on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The business had revenue of $814.79 million during the quarter. On average, sell-side analysts forecast that Nabors Industries will post -3.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David J. Tudor sold 3,200 shares of Nabors Industries stock in a transaction on Friday, August 28th. The shares were sold at an average price of $92.30, for a total transaction of $295,360.00. Following the transaction, the director directly owned 5,264 shares of the company’s stock, valued at $485,867.20. This trade represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.32% of the company’s stock.

Institutional Trading of Nabors Industries

Several hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Nabors Industries in the second quarter valued at about $1,201,000. California State Teachers Retirement System raised its position in shares of Nabors Industries by 9,671.6% during the second quarter. California State Teachers Retirement System now owns 1,022,402 shares of the oil and gas company’s stock worth $85,892,000 after purchasing an additional 1,011,939 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Nabors Industries by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 6,390 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 233 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Nabors Industries during the 2nd quarter valued at about $2,081,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Nabors Industries in the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.