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Nabors Industries - NBR Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $97.00
  • Forecasted Upside: 80.40%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 7 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$53.77 As of 12/20/2024 06:16 PM ET
▼ -1.02 (-1.86%)

This chart shows the closing price for NBR by one month, three months, or twelve months.

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Analyst Price Target for NBR

Analyst Price Target is $97.00
▲ +80.40% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Nabors Industries in the last 3 months. The average price target is $97.00, with a high forecast of $150.00 and a low forecast of $77.00. The average price target represents a 80.40% upside from the last price of $53.77.

This chart shows the closing price for NBR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 8 investment analysts is to hold stock in Nabors Industries. This rating has held steady since November 2023, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/31/2024CitigroupBoost TargetNeutral ➝ Neutral$75.00 ➝ $80.00
10/24/2024SusquehannaLower TargetNeutral ➝ Neutral$79.00 ➝ $77.00
10/24/2024Evercore ISILower TargetIn-Line ➝ In-Line$94.00 ➝ $85.00
10/16/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$110.00 ➝ $88.00
10/16/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$102.00 ➝ $102.00
9/13/2024CitigroupDowngradeBuy ➝ Neutral$110.00 ➝ $75.00
7/25/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$114.00 ➝ $114.00
7/10/2024CitigroupLower TargetBuy ➝ Buy$95.00 ➝ $91.00
4/26/2024SusquehannaLower TargetNeutral ➝ Neutral$88.00 ➝ $79.00
4/25/2024BenchmarkReiterated RatingHold
4/8/2024SusquehannaReiterated RatingNeutral ➝ Neutral$88.00
2/13/2024SusquehannaReiterated RatingNeutral ➝ Neutral$88.00
2/12/2024Morgan StanleyLower TargetOverweight ➝ Overweight$160.00 ➝ $150.00
1/16/2024BenchmarkDowngradeBuy ➝ Hold
12/22/2023Atb Cap MarketsDowngradeOutperform ➝ Sector Perform
10/30/2023Morgan StanleyLower TargetOverweight ➝ Overweight$175.00 ➝ $165.00
10/27/2023Royal Bank of CanadaLower TargetSector Perform ➝ Sector Perform$140.00 ➝ $130.00
10/17/2023Morgan StanleyUpgradeEqual Weight ➝ Overweight$160.00 ➝ $175.00
10/4/2023SusquehannaBoost TargetNeutral ➝ Neutral$112.00 ➝ $125.00
7/31/2023Morgan StanleyReiterated RatingEqual Weight ➝ Equal Weight$160.00
7/27/2023Royal Bank of CanadaBoost Target$124.00 ➝ $140.00
7/19/2023BenchmarkUpgradeHold ➝ Buy
6/8/2023BarclaysLower Target$150.00 ➝ $140.00
6/2/2023SusquehannaLower Target$110.00 ➝ $91.00
5/19/2023CitigroupLower Target$200.00 ➝ $140.00
5/9/2023BarclaysDowngradeOverweight ➝ Equal Weight$250.00 ➝ $150.00
4/26/2023888Reiterated RatingMaintains
4/26/2023Royal Bank of CanadaLower Target$195.00 ➝ $176.00
4/26/2023SusquehannaLower Target$135.00 ➝ $110.00
4/18/2023Morgan StanleyUpgradeUnderweight ➝ Equal Weight$175.00 ➝ $165.00
4/3/2023SusquehannaLower Target$215.00 ➝ $135.00
3/14/2023SusquehannaReiterated RatingNeutral$215.00
2/22/2023CitigroupLower TargetBuy$210.00 ➝ $200.00
2/10/2023BarclaysBoost TargetOverweight$200.00 ➝ $250.00
2/9/2023Royal Bank of CanadaBoost TargetSector Perform$193.00 ➝ $215.00
2/9/2023SusquehannaBoost TargetNeutral$189.00 ➝ $215.00
1/19/2023BenchmarkInitiated CoverageHold
1/17/2023CitigroupUpgradeNeutral ➝ Buy$210.00
1/10/2023BarclaysUpgradeEqual Weight ➝ Overweight$200.00
1/4/2023Morgan StanleyBoost TargetUnderweight$140.00 ➝ $175.00
11/3/2022JPMorgan Chase & Co.Boost TargetUnderweight$138.00 ➝ $155.00
11/1/2022Morgan StanleyBoost TargetUnderweight$135.00 ➝ $140.00
10/28/2022BarclaysBoost TargetEqual Weight$180.00 ➝ $200.00
10/27/2022Susquehanna BancsharesBoost Target$125.00 ➝ $189.00
10/27/2022SusquehannaBoost Target$125.00 ➝ $189.00
9/26/2022Morgan StanleyBoost TargetUnderweight$125.00 ➝ $135.00
7/13/2022Morgan StanleyLower TargetUnderweight$150.00 ➝ $125.00
6/8/2022Susquehanna BancsharesLower TargetNeutral$170.00 ➝ $21.00
6/8/2022SusquehannaLower Target$170.00 ➝ $21.00
5/2/2022BarclaysBoost Target$132.00 ➝ $180.00
4/11/2022Morgan StanleyBoost TargetUnderweight$100.00 ➝ $150.00
3/17/2022Capital One FinancialReiterated RatingEqual Weight
3/14/2022CitigroupDowngradeBuy ➝ Neutral$175.00 ➝ $115.00
2/15/2022CitigroupBoost TargetSell$75.00 ➝ $110.00
11/23/2021Royal Bank of CanadaReiterated RatingNeutral ➝ Hold
10/25/2021BarclaysBoost TargetEqual Weight$87.00 ➝ $115.00
9/29/2021Atb Cap MarketsUpgradeUnderperform ➝ Outperform
9/9/2021Royal Bank of CanadaReiterated RatingSector Perform$100.00
7/9/2021Morgan StanleyBoost TargetUnderweight$80.00 ➝ $100.00
3/25/2021Morgan StanleyBoost TargetUnderweight$60.00 ➝ $80.00
8/18/2020CitigroupDowngradeNeutral ➝ Sell$35.00
8/12/2020The Goldman Sachs GroupDowngradeNeutral ➝ Sell$65.00 ➝ $45.00
8/6/2020Raymond JamesReiterated RatingHold
8/3/2020BarclaysUpgradeUnderweight ➝ Equal Weight$12.00 ➝ $42.00
7/10/2020AltaCorp CapitalDowngradeSector Perform ➝ Underperform$17.50
7/8/2020Morgan StanleyDowngradeEqual Weight ➝ Underweight$25.00
5/28/2020CitigroupBoost TargetNeutral$15.50 ➝ $35.00
5/13/2020Credit Suisse GroupLower TargetNeutral$50.00 ➝ $15.00
5/7/2020Royal Bank of CanadaLower TargetSector Perform$37.50 ➝ $15.00
4/13/2020ScotiabankDowngradeSector Perform ➝ Sector Underperform
4/6/2020Royal Bank of CanadaReiterated RatingHold$37.50
3/19/2020Wolfe ResearchDowngradeOutperform ➝ Underperform
3/19/2020BarclaysDowngradeOverweight ➝ Underweight
3/17/2020Evercore ISIDowngradeSell
3/17/2020Capital One FinancialDowngradeOverweight ➝ Equal Weight
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight$200.00 ➝ $25.00
3/11/2020Tudor PickeringDowngradeBuy ➝ Hold
3/9/2020Bank of AmericaDowngradeNeutral ➝ Underperform
3/9/2020Evercore ISIDowngradeOutperform ➝ Underperform
2/24/2020StephensLower TargetEqual Weight$150.00 ➝ $125.00
1/14/2020Bernstein BankInitiated CoverageUnderperform$75.00
1/13/2020Sanford C. BernsteinInitiated CoverageUnderperform$75.00
1/9/2020Wells Fargo & CompanyBoost TargetUnderweight$75.00 ➝ $100.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.75 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 8 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 7 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 1 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 6 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 5 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 13 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 6 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 2 very negative mentions
Mentions as of
11/21/2024
  • 8 very positive mentions
  • 5 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 8 very positive mentions
  • 5 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Nabors Industries logo
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.
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Today's Range

Now: $53.77
Low: $53.45
High: $56.21

50 Day Range

MA: $72.72
Low: $54.79
High: $84.25

52 Week Range

Now: $53.77
Low: $53.45
High: $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

Beta

2.05

Frequently Asked Questions

What sell-side analysts currently cover shares of Nabors Industries?

The following Wall Street sell-side analysts have issued stock ratings on Nabors Industries in the last twelve months: Atb Cap Markets, Barclays PLC, Benchmark Co., Citigroup Inc., Evercore ISI, Morgan Stanley, Royal Bank of Canada, and Susquehanna.
View the latest analyst ratings for NBR.

What is the current price target for Nabors Industries?

0 Wall Street analysts have set twelve-month price targets for Nabors Industries in the last year. Their average twelve-month price target is $97.00, suggesting a possible upside of 80.4%. Morgan Stanley has the highest price target set, predicting NBR will reach $150.00 in the next twelve months. Susquehanna has the lowest price target set, forecasting a price of $77.00 for Nabors Industries in the next year.
View the latest price targets for NBR.

What is the current consensus analyst rating for Nabors Industries?

Nabors Industries currently has 7 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NBR, but not buy more shares or sell existing shares.
View the latest ratings for NBR.

What other companies compete with Nabors Industries?

Other companies that are similar to Nabors Industries include Helmerich & Payne, Patterson-UTI Energy, HighPeak Energy, Precision Drilling and Borr Drilling. Learn More about companies similar to Nabors Industries.

How do I contact Nabors Industries' investor relations team?

Nabors Industries' physical mailing address is 4 PAR-LA-VILLE ROAD SECOND FLOOR CROWN HOUSE, HAMILTON D0, HM08. The oil and gas company's listed phone number is (441) 292-1510 and its investor relations email address is [email protected]. The official website for Nabors Industries is www.nabors.com. Learn More about contacing Nabors Industries investor relations.