Nabors Industries Ltd. (NBR) Stock Price & Analysis
Nabors Industries Ltd. (NBR) closed at USD 77.8 on Thursday, October 22, 2026, down 3.97% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 81.02; the Oct 22, 2026 session ranged USD 74.67–80.16 on volume of 216,539 shares. Market capitalization is $1.18B, with a 52-week range of USD 43.41–112.9 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NBR.md
Key facts (NBR)
- Last four reported quarters (through Jun 30, 2026): revenue $3.21B, net income $247M (7.7% margin), free cash flow $61.6M (SEC filings).
- Valuation: P/E 4.8x (avg 2.7x at the last 1 fiscal year-ends), net debt $1.61B.
- 1 of 80 tracked superinvestors hold NBR (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $295K; 1 not under a Rule 10b5-1 plan ($295K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.75 on a 1–5 scale) (8 analysts), mean target USD 107.38 (range 80–130).
- Total return with dividends: 1Y +67.7% vs S&P 500 +14.9%; 5Y -35.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD -0.9, revenue estimate $862M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NBR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.02B | $2.65B | $3.01B | $2.93B | $3.18B | $3.21B |
| Gross profit | $731M | $988M | $1.22B | — | — | — |
| Operating income | -$80.8M | $44.3M | $434M | $417M | $471M | $447M |
| Net income | -$569M | -$350M | -$11.8M | -$176M | $287M | $247M |
| EPS (diluted) | -$76.58 | -$40.52 | -$5.49 | -$22.37 | $17.39 | — |
| Free cash flow | $195M | $128M | $97.0M | $13.5M | -$22.7M | $61.6M |
| Gross margin | 36.2% | 37.2% | 40.4% | — | — | — |
| Operating margin | -4.0% | 1.7% | 14.4% | 14.2% | 14.8% | 13.9% |
| Net margin | -28.2% | -13.2% | -0.4% | -6.0% | 9.0% | 7.7% |
| Revenue growth | -5.5% | +31.5% | +13.3% | -2.5% | +8.7% | — |
| Cash + short-term investments | $991M | $452M | $1.07B | $397M | $941M | — |
| Total debt | $3.26B | $2.54B | $3.14B | $2.51B | $2.49B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NBR)
P/E 4.8x · P/S 0.4x · EV/Sales 0.9x · P/FCF 19.2x · P/B 2.2x · FCF yield 5.21% · Earnings yield 20.90% · Net debt $1.61B · EV $2.79B
P/E at fiscal year-ends: Dec 2025 2.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (NBR)
1 of 80 tracked investors hold NBR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 8.85% | $37.4M | Added +0.2% |
Insider sales (SEC Form 4, open-market, last ~7 months) (NBR)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Tudor David J | Director | 3,200 | $295K | 37.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (NBR)
Consensus Hold (mean 2.75 on a 1–5 scale), 8 analysts; mean target USD 107.38 (low 80, high 130).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | Susquehanna | Target raised | Neutral | $85 → $91 |
| 2026-08-05 | Barclays | Target lowered | Equal-Weight | $99 → $93 |
| 2026-07-30 | Piper Sandler | Target raised | Overweight | $120 → $130 |
| 2026-07-08 | Susquehanna | Target lowered | Neutral | $105 → $85 |
Total return (dividends reinvested) (NBR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +67.7% | -35.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +68.0% | -8.4% |
| Volatility (annualized) | 51.5% | 69.1% |
| Max drawdown | -31.6% (May 2026→Jul 2026) | -86.8% (Apr 2022→May 2025) |
NBR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| International Excluding Canada | $432.5M | 53.1% | +12.3% |
| US | $252.5M | 31.0% | -1.2% |
| Drilling Solutions | $110.6M | 13.6% | -35.0% |
| Rig Technologies | $37.5M | 4.6% | +2.6% |
| Total revenue | $814.8M | 100% | — |
NBR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Middle East & Asia | $331.5M | 40.7% | +9.9% |
| — Lower48 (part of Middle East & Asia) | $266.8M | 32.7% | -13.5% |
| — Europe Africa & Cis (part of Middle East & Asia) | $35.4M | 4.3% | -9.9% |
| — AK (part of Middle East & Asia) | $30.0M | 3.7% | -18.1% |
| Latin America | $131.6M | 16.2% | +15.1% |
| United States Offshore | $19.7M | 2.4% | -39.8% |
| Canada | $18.1M | 2.2% | +25.4% |
| Total revenue | $814.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NBR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Saudi Aramco | “These contracts are primarily operated through SANAD, our joint venture with Saudi Aramco.” |
Quoted from the company's 10-K filed Feb 13, 2026.
NBR company outlook (results filed Jul 28, 2026)
- “Nabors expects the following metrics for the third quarter of 2026: U.S.”
- “As we look forward, we anticipate second-half adjusted EBITDA to reach an annualized run-rate of $1 billion.”
Quoted word-for-word from the SEC 8-K results press release.
NBR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.90 | $-0.82 | +8.6% | $861.5M | 3 |
| Next quarter (ends Dec 2026) | $-0.02 | $-0.33 | -94.4% | $894.3M | 3 |
| Current fiscal year (ends Dec 2026) | $-4.17 | $-3.80 | +9.7% | $3.35B | 3 |
| Next fiscal year (ends Dec 2027) | $4.00 | $1.57 | +155.0% | $3.67B | 3 |
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 77.8 |
|---|---|
| Change | ▼ 3.97% (down) |
| Previous Close | USD 81.02 |
| Open | USD 80.41 |
| Day Range | USD 74.67 – 80.16 |
| 52-Week Range | USD 43.41 – 112.9 |
| Volume | 216,539 shares |
| Market Cap | $1.18B |
| Exchange | NYQ |
Technical Analysis (NBR)
Nexqual's technical model rates NBR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.23 (neutral) |
| vs SMA50 | Below (USD 85.81) |
| MACD | -1.64 (negative) |
Analyst Ratings (NBR)
Wall Street analysts rate NBR "Hold" based on 8 analysts, with a mean price target of USD 107.38 (range USD 80–130), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 107.38 |
| High Target | USD 130 |
| Low Target | USD 80 |
| Buy / Hold / Sell | 2 / 5 / 1 |
Earnings (NBR)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD -0.43 |
| Revenue Estimate | $861.51M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -2.04 vs est -1.28 ▼ miss |
| 2026-03-31 | USD -1.54 vs est -2.67 ▲ beat |
| 2025-12-31 | USD 0.17 vs est -0.96 ▲ beat |
| 2025-09-30 | USD 16.85 vs est -2.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (NBR)
| Total Revenue | $3.21B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -2.20% |
| Gross Margin | +38.42% |
| Operating Margin | +7.50% |
| Profit Margin | +7.69% |
| ROE | +22.31% |
| Debt / Equity | 1.48 |
| Current Ratio | 1.89 |
| Total Cash | $509.83M |
| Total Debt | $2.13B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $61.62M (1.9% of revenue) |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (NBR)
Nexqual rates Nabors Industries Ltd.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 38%, operating 8% (last 12 months) |
| Balance Sheet | Mixed — $510M cash and investments vs $2.12B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $62M (last 4 quarters to Jun 2026, SEC), slim 1.9% margin |
| Efficiency | Strong — ROE 22%, ROA 3.3% |
Ownership (NBR)
| Insider Ownership | +5.17% |
|---|---|
| Institutional Ownership | +83.64% |
| Shares Outstanding | 15.19M |
| Float | 14.01M |
| Short % of Float | +6.62% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (NBR)
Nabors Industries Ltd. is led by Anthony G. Petrello, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Chairman, President & CEO | Anthony G. Petrello |
|---|---|
| Chief Financial Officer | Miguel A. Rodriguez |
| Senior Vice President of Operations | Subodh Saxena |
| President of Global Drilling & Energy Transition | Siegfried Meissner |
| Vice President of Corporate Development & Investor Relations | William Cornelius Conroy |
Major Backers & Investors (NBR)
Notable institutional backers of Nabors Industries Ltd. include American Century Companies Inc, Miller Value Partners, LLC, Adage Capital Partners GP L.L.C., according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 4.01% |
| Miller Value Partners, LLC | 2.79% |
| Adage Capital Partners GP L.L.C. | 2.63% |
| Engineers Gate Manager Lp | 2.6% |
| VanEck ETF Trust-VanEck Oil Services ETF | 1.65% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.21% |
| Vanguard Group | 7.05% |
| Dimensional Fund Advisors | 3.67% |
| State Street | 3.04% |
| Geode Capital | 2.62% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Nabors Industries Ltd.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- Our proprietary software empowers the driller to deliver these services with consistency and repeatability.
- In recent years we have developed and deployed a full suite of technology supporting Nabors and third-party rigs.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in environmental laws and regulations may also negatively affect the operations of oil and natural gas exploration and production companies, which in turn could have an adverse effect on us.
- Our business may be affected by changes in applicable sanctions or export controls laws and regulations, including those targeting Russia.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PDS | Precision Drilling Corporation | USD 90.43 | ▼ 1.5% |
| BORR | Borr Drilling Limited | USD 4.08 | ▼ 3.32% |
| SOC | Sable Offshore Corp. | USD 3.04 | ▼ 4.1% |
| SDRL | Seadrill Limited | USD 49.19 | ▲ 0.04% |
| HP | Helmerich & Payne, Inc. | USD 37.13 | ▼ 2.93% |
| PTEN | Patterson-UTI Energy, Inc. | USD 11.34 | ▼ 2.91% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt