NBR stock icon

Nabors Industries
NBR

$81
1%

Market Cap: 773M

 

About: 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.

Employees: 12,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1% more capital invested

Capital invested by funds: $632M [Q4 2023] → $635M (+$3.17M) [Q1 2024]

5% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 62

4% less funds holding

Funds holding: 191 [Q4 2023] → 184 (-7) [Q1 2024]

3.94% less ownership

Funds ownership: 81.78% [Q4 2023] → 77.84% (-3.94%) [Q1 2024]

20% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 35

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]

53% less call options, than puts

Call options by funds: $24.8M | Put options by funds: $53.1M

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$79
2%
downside
Avg. target
$99
22%
upside
High target
$150
85%
upside

5 analyst ratings

positive
40%
neutral
60%
negative
0%
Citigroup
Scott Gruber
12%upside
$91
Buy
Maintained
10 Jul 2024
Susquehanna
Charles Minervino
2%downside
$79
Neutral
Maintained
26 Apr 2024
Susquehanna
Charles Minervino
9%upside
$88
Neutral
Maintained
8 Apr 2024
Susquehanna
Charles Minervino
9%upside
$88
Neutral
Reiterated
13 Feb 2024
Morgan Stanley
Daniel Kutz
85%upside
$150
Overweight
Maintained
12 Feb 2024

Financial journalist opinion

Based on 8 articles about NBR published over the past 30 days