NBR Stock - Nabors Industries Ltd.
Unlock GoAI Insights for NBR
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.93B | $3.01B | $2.65B | $2.02B | $2.13B |
| Gross Profit | $554.31M | $1.22B | $987.76M | $730.23M | $798.03M |
| Gross Margin | 18.9% | 40.4% | 37.2% | 36.2% | 37.4% |
| Operating Income | $247.93M | $915.16M | $709.39M | $481.10M | $558.02M |
| Net Income | $-176,084,000 | $-11,784,000 | $-350,261,000 | $-569,272,000 | $-805,641,000 |
| Net Margin | -6.0% | -0.4% | -13.2% | -28.2% | -37.8% |
| EPS | $-22.37 | $-5.49 | $-40.52 | $-76.58 | $-118.69 |
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers REVit, an automated real time stick-slip mitigation system; ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it 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. As of December 31, 2021, the company marketed approximately 301 rigs for land-based drilling operations in the United States, Canada, and in 20 other countries worldwide; and 29 rigs for offshore platform drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2025 | Piper Sandler | Upgrade | Overweight | $65 |
| July 15th 2025 | Piper Sandler | Initiation | Underweight | $30 |
| May 19th 2025 | Barclays | Downgrade | Underweight | $28 |
| September 13th 2024 | Citigroup | Downgrade | Neutral | $75← $110 |
| January 16th 2024 | The Benchmark Company | Downgrade | Hold | - |
| October 17th 2023 | Morgan Stanley | Upgrade | Overweight | $175← $160 |
| July 19th 2023 | The Benchmark Company | Upgrade | Buy | - |
| May 9th 2023 | Barclays | Downgrade | Equal Weight | $150← $250 |
| April 18th 2023 | Morgan Stanley | Upgrade | Equal Weight | $165← $175 |
| January 19th 2023 | The Benchmark Company | Initiation | Hold | - |
| January 17th 2023 | Citigroup | Upgrade | Buy | $210 |
| January 10th 2023 | Barclays | Upgrade | Overweight | $200 |
Earnings History & Surprises
NBREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $-2.91 | — | — | — |
Q4 2025 | Oct 28, 2025 | $-2.37 | $-3.67 | -54.9% | ✗ MISS |
Q3 2025 | Jul 29, 2025 | $-2.05 | $-2.71 | -32.2% | ✗ MISS |
Q2 2025 | Apr 29, 2025 | $-2.64 | $-7.50 | -184.1% | ✗ MISS |
Q1 2025 | Feb 12, 2025 | $-1.86 | $-6.67 | -258.6% | ✗ MISS |
Q4 2024 | Oct 22, 2024 | $-1.73 | $-3.35 | -93.6% | ✗ MISS |
Q3 2024 | Jul 23, 2024 | $-1.77 | $-4.29 | -142.4% | ✗ MISS |
Q2 2024 | Apr 24, 2024 | $-2.24 | $-5.16 | -130.4% | ✗ MISS |
Q1 2024 | Feb 6, 2024 | $-1.54 | $-3.84 | -149.4% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $-0.20 | $-5.40 | -2600.0% | ✗ MISS |
Q3 2023 | Jul 25, 2023 | $1.50 | $-2.26 | -250.7% | ✗ MISS |
Q2 2023 | Apr 24, 2023 | $1.06 | $-0.55 | -151.9% | ✗ MISS |
Q1 2023 | Feb 7, 2023 | $-1.06 | $-3.89 | -267.0% | ✗ MISS |
Q4 2022 | Oct 25, 2022 | $-3.71 | $-5.54 | -49.3% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $-6.43 | $-6.99 | -8.7% | ✗ MISS |
Q2 2022 | Apr 27, 2022 | $-8.95 | $-13.88 | -55.1% | ✗ MISS |
Q1 2022 | Feb 8, 2022 | $-10.98 | $-14.60 | -33.0% | ✗ MISS |
Q4 2021 | Oct 26, 2021 | $-12.90 | $-14.16 | -9.8% | ✗ MISS |
Q3 2021 | Jul 27, 2021 | $-16.61 | $-18.01 | -8.4% | ✗ MISS |
Latest News
Piper Sandler Upgrades Nabors Industries to Overweight, Raises Price Target to $65
📈 PositiveBarclays Maintains Underweight on Nabors Industries, Raises Price Target to $50
➖ NeutralBarclays Maintains Underweight on Nabors Industries, Raises Price Target to $45
➖ NeutralReported Earlier, Nabors Industries Prices $700M Senior Priority Guaranteed Notes Due 2032, Yielding 7.625%
➖ NeutralCitigroup Maintains Neutral on Nabors Industries, Raises Price Target to $58
➖ NeutralNabors Industries shares are trading higher after its JV SANAD received notice to resume operations for two previously suspended rigs, with updated terms.
📈 PositiveNabors Industries JV SANAD Receives Notice To Resume Operations For Two Suspended Rigs; Terms Updated
📈 PositiveRBC Capital Maintains Sector Perform on Nabors Industries, Raises Price Target to $66
➖ NeutralNabors Industries shares are trading higher. The company reported Q3 financial results.
📈 PositiveNabors Industries Q3 Adj. EPS $(3.67) Misses $(1.46) Estimate, Sales $825.513M Miss $838.859M Estimate
📉 NegativeNabors Industries Issues Statement Regarding The Senior Secured Notes Offering And Planned Uses Of Net Proceeds Announced By Superior Energy Services
➖ NeutralSusquehanna Maintains Neutral on Nabors Industries, Raises Price Target to $39
➖ NeutralNabors Industries shares are trading lower. The stock may be moving on continued weakness after announcing the sale of Quail Tools for $600 million on Wednesday.
📉 NegativeRBC Capital Maintains Sector Perform on Nabors Industries, Raises Price Target to $47
➖ NeutralNabors to sell Quail Tools to Superior Energy Services in $600M deal
📈 PositiveNabors Agrees To Sell Quail Tools To Superior Energy For $600M; Deal Includes $375M Cash, $250M Note, $5M Tax Impact; Transaction Closing Today
📈 PositiveFrequently Asked Questions about NBR
What is NBR's current stock price?
What is the analyst price target for NBR?
What sector is Nabors Industries Ltd. in?
What is NBR's market cap?
Does NBR pay dividends?
Similar Stocks
Energy SectorExplore stocks similar to NBR for comparison