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NBR

Nabors Industries Ltd.

NBR

NYSE·Energy·Oil & Gas Drilling·Mkt cap $1.1B

$77.86

+0.62%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$29.50 - $112.90

P/E

6.34

Fwd P/E

-45.95

Beta

0.96

Div Yield

0.00%

Avg Vol

318.3K

Shares Out

14.7M

Mkt Cap

$1.1B

Price action

Price chart

Up 146.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Largest onshore drilling rig fleet with 301 land-based rigs providing scale and operational flexibility
  • Proprietary drilling technology platform (REVit, ROCKit, SmartNAV, SmartSLIDE, RigCLOUD) enabling operational efficiency and customer cost reduction
  • Integrated business model combining drilling services with equipment manufacturing and aftermarket support
  • Global geographic diversification across North America and 20+ international markets reducing regional cyclicality
  • Decades of industry expertise and established customer relationships since 1952 foundation

Bear Case

1 risk

  • Average volatility.

Growth

Profitability at risk

Steady revenue growth (9% YoY)

Value

Deep value opportunity - significant discount to Oilfield Services peers

Momentum

Stable

-3.3% over 3m

Quality

Stable

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of -$1.54 vs -$2.49 consensus (+38.2% surprise). Revenue of $783.5M vs $769.3M expected (+1.9%). Beat on both top and bottom lines.

EPS beat +38.2%
Rev beat +1.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+38.2%

Next: Apr 27, 2026

Revenue trend · last 8Q

+1%

+0%

+13%

+12%

+9%

+6%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$734.8M

$731.8M

$729.8M

$736.2M

$832.8M

$818.2M

$797.5M

$783.5M

Margins · last 8Q

Gross

Operating

Profit

-2.8%

Wall Street consensus

6 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

33%

Hold

4

67%

Sell

0%

Median Price Target

$100.00

+28.4% vs $77.86

Low $84.00
Median $100.00
High $105.00

Latest: Barclays · May 7, 2026

3 analysts covering

vs Industry

How NBR stacks vs Oil & Gas Drilling

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.