Nabors Industries Ltd. (NYSE:NBR - Get Free Report) Director David Tudor sold 3,200 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $92.30, for a total transaction of $295,360.00. Following the completion of the sale, the director owned 5,264 shares in the company, valued at $485,867.20. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nabors Industries Stock Up 0.3%
Shares of NYSE:NBR opened at $91.89 on Friday. The firm has a fifty day moving average price of $84.68 and a two-hundred day moving average price of $86.48. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 6.84 and a beta of 0.98. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75. Nabors Industries Ltd. has a one year low of $34.70 and a one year high of $112.90.
Nabors Industries (NYSE:NBR - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.The firm had revenue of $814.79 million during the quarter. Analysts anticipate that Nabors Industries Ltd. will post -3.69 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $130.00 price target (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Citigroup boosted their price objective on Nabors Industries from $89.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Morgan Stanley set a $110.00 price objective on shares of Nabors Industries in a research report on Thursday, August 20th. Susquehanna lowered their target price on shares of Nabors Industries from $105.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Nabors Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Nabors Industries has an average rating of "Hold" and a consensus price target of $102.57.
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Trending Headlines about Nabors Industries
Here are the key news stories impacting Nabors Industries this week:
- Positive Sentiment: Strategic geothermal investment: Nabors invested $35 million in Quaise Energy’s $180 million Series B financing, increasing its ownership to approximately 14%. The deal strengthens Nabors’ position in superhot geothermal drilling and supports its technology-enabled growth strategy. Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy
- Positive Sentiment: Commercialization partnership: Nabors and Quaise also agreed to a strategic framework covering drilling operations, technology integration and commercial development. The collaboration is intended to advance Project Obsidian and Quaise’s millimeter-wave drilling system, potentially giving Nabors exposure to a new energy market beyond conventional oil and gas services. Quaise Energy Series B and Strategic Framework Announcement
- Neutral Sentiment: Recent share momentum: A market commentary noted that NBR had gained 10.4% since its latest earnings report. However, the article primarily asks whether the move can continue and does not provide a new operating or financial catalyst. Nabors Up 10.4% Since Last Earnings Report
- Negative Sentiment: Director sale: Director David J. Tudor sold 3,200 NBR shares for approximately $295,360, reducing his direct holdings by 37.8%. While insider sales can reflect personal liquidity needs rather than a view on the company, the transaction may weigh modestly on sentiment. SEC Form 4 Filing
Institutional Investors Weigh In On Nabors Industries
A number of large investors have recently added to or reduced their stakes in NBR. Adage Capital Partners GP L.L.C. lifted its stake in Nabors Industries by 62.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company's stock worth $68,418,000 after purchasing an additional 485,000 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Nabors Industries by 9,671.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,022,402 shares of the oil and gas company's stock valued at $85,892,000 after purchasing an additional 1,011,939 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Nabors Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company's stock valued at $47,298,000 after purchasing an additional 13,424 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Nabors Industries by 2.0% during the 4th quarter. Cibc World Market Inc. now owns 499,147 shares of the oil and gas company's stock valued at $27,104,000 after purchasing an additional 9,640 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Nabors Industries by 15.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 485,346 shares of the oil and gas company's stock valued at $26,354,000 after buying an additional 66,640 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.
About Nabors Industries
(
Get Free Report)
Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company's operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors' integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.
The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.
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