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, 2020, the company marketed approximately 354 rigs for land-based drilling operations in the United States and Canada, as well as in 14 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 headquartered in Hamilton, Bermuda.
IPO Year: 1951
Exchange: NYSE
Website: nabors.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $110.00 → $75.00 | Buy → Neutral | Citigroup |
| 1/16/2024 | Buy → Hold | The Benchmark Company | |
| 10/17/2023 | $160.00 → $175.00 | Equal-Weight → Overweight | Morgan Stanley |
| 7/19/2023 | Hold → Buy | The Benchmark Company | |
| 5/9/2023 | $250.00 → $150.00 | Overweight → Equal Weight | Barclays |
| 4/18/2023 | $175.00 → $165.00 | Underweight → Equal-Weight | Morgan Stanley |
| 1/19/2023 | Hold | The Benchmark Company | |
| 1/17/2023 | $210.00 | Neutral → Buy | Citigroup |
| 1/10/2023 | $200.00 | Equal Weight → Overweight | Barclays |
| 3/14/2022 | Sell → Neutral | Citigroup |
HAMILTON, Bermuda, April 29, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported first quarter 2025 operating revenues of $736 million, compared to operating revenues of $730 million in the fourth quarter of 2024. Net income attributable to Nabors shareholders for the quarter was $33 million, compared to a net loss of $54 million in the fourth quarter. This equates to earnings per diluted share of $2.18, compared to a loss per diluted share of $6.67 in the fourth quarter. The first quarter included a one-time, non-cash net gain on the Parker transaction of $113.0 million, or $9.68 per diluted share. This gain was partially offset by non-cash char
The closed-loop drilling execution earned both companies the 2025 Digital Enabler of the Year Award and represents a step forward in automation in the region. Halliburton (NYSE:HAL) and Nabors Industries (NYSE:NBR) achieved the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The integration of the companies' digital solutions delivered land-based, closed-loop drilling solutions to improve operational efficiency, consistency, and real-time decision-making capabilities. Halliburton's LOGIX™ automation and remote operations solutions, and Nabors SmartROS® rig operating system enabled seamless orchestration of drilling parameters, real-t
HAMILTON, Bermuda, April 14, 2025 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, April 30, 2025 at 11:00 a.m. Central Time for a discussion of operating results for the first quarter ended March 31, 2025. Nabors will release earnings after the market closes on April 29, 2025 Date: April 30, 2025 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 2732750 Please call ten to fifteen minutes ahead of time to ensure prop
HAMILTON, Bermuda, March 19, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today announced executive leadership changes as part of its succession planning process. William Restrepo, Nabors CFO, informed the Company of his intention to retire from his current position effective September 30, 2025. On that date, Mr. Restrepo will remain available as a Strategic Advisor to Anthony G. Petrello, Nabors Chairman, CEO and President. Mr. Petrello, commented, "As Nabors CFO for the past 11 years, William has been instrumental in the Company's success in refocusing in the drilling space, expanding our strength internationally and supporting Nabors' technology lead
Vast secures up to AUD180 million of funding from ARENA for construction of groundbreaking South Australian clean energy project, conditional on meeting certain milestonesProject to deploy Vast's innovative clean energy solution, delivering clean power for South Australia's grid when intermittent renewables are not available, as well as for green fuels productionVast on-track to export its solution to a global pipeline of projects, enabling long duration energy storage and generation critical to the world's energy transition SYDNEY, March 12, 2025 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE) today announced it has secured up to AUD180 million of conditional funding f
HAMILTON, Bermuda, March 12, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today announced the closing of its acquisition of Parker Wellbore ("Parker"), advancing Nabors' leadership position in drilling and related, value-added services. Parker's solutions portfolio includes Quail Tools ("Quail"), the leading rental provider of high-performance downhole tubulars in the U.S. Lower 48 and U.S. Offshore markets. Quail provides similar rental services internationally in key markets. Parker holds significant market positions in onshore and offshore tubular running services, across the U.S., the Middle East, Latin America, and Asia. Additionally, Parker's cont
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
HAMILTON, Bermuda, Feb. 12, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported fourth quarter 2024 operating revenues of $730 million, compared to operating revenues of $732 million in the third quarter. The net loss attributable to Nabors shareholders for the quarter was $54 million, compared to a net loss of $56 million in the third quarter. This equates to a loss of $6.67 per diluted share, compared to a loss per diluted share of $6.86 in the third quarter. Fourth quarter adjusted EBITDA was $221 million, compared to $222 million in the previous quarter. Highlights Nabors shareholders approved the issuance of shares to Parker Wellbore ("Par
HAMILTON, Bermuda, Feb. 12, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE:NBR) today issued the following statement regarding the entry into a business combination agreement between the special purpose acquisition company Nabors formed in 2023, Nabors Energy Transition Corp. II (NASDAQ:NETD), and e2Companies LLC ("e2"): As a pioneer of an AI-based Virtual Utility ®, e2 delivers a unique offering in the power market. Unlike conventional power solutions supplying backup power, e2 provides a full solution including: Isolated grid powerThe ability to run prime power or in sync with public utility with continuous power conditioning and uninterruptable supplyInstantaneous load shif
HAMILTON, Bermuda, Jan. 7, 2025 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Thursday, February 13, 2025 at 11:00 a.m. Central Time for a discussion of operating results for the fourth quarter ended December 31, 2024. Nabors will release earnings after the market closes on February 12, 2025. Date: February 13, 2025 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4142747 Please call ten to fifteen minutes ahead of time to
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Citigroup downgraded Nabors Industries from Buy to Neutral and set a new price target of $75.00 from $110.00 previously
The Benchmark Company downgraded Nabors Industries from Buy to Hold
Morgan Stanley upgraded Nabors Industries from Equal-Weight to Overweight and set a new price target of $175.00 from $160.00 previously
The Benchmark Company upgraded Nabors Industries from Hold to Buy
Barclays downgraded Nabors Industries from Overweight to Equal Weight and set a new price target of $150.00 from $250.00 previously
Morgan Stanley upgraded Nabors Industries from Underweight to Equal-Weight and set a new price target of $165.00 from $175.00 previously
The Benchmark Company initiated coverage of Nabors Industries with a rating of Hold
Citigroup upgraded Nabors Industries from Neutral to Buy and set a new price target of $210.00
Barclays upgraded Nabors Industries from Equal Weight to Overweight and set a new price target of $200.00
Citigroup upgraded Nabors Industries from Sell to Neutral
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HAMILTON, Bermuda, March 19, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today announced executive leadership changes as part of its succession planning process. William Restrepo, Nabors CFO, informed the Company of his intention to retire from his current position effective September 30, 2025. On that date, Mr. Restrepo will remain available as a Strategic Advisor to Anthony G. Petrello, Nabors Chairman, CEO and President. Mr. Petrello, commented, "As Nabors CFO for the past 11 years, William has been instrumental in the Company's success in refocusing in the drilling space, expanding our strength internationally and supporting Nabors' technology lead
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
On December 19, 2023, Vast's ordinary shares expected to begin trading on Nasdaq under the ticker symbol "VSTE" Vast Renewables Limited ("Vast" or the "Company"), a renewable energy company specialising in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the "Business Combination") with Nabors Energy Transition Corp. ("NETC"), an affiliate of Nabors Industries Ltd. ("Nabors") (NYSE:NBR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218549845/en/ In connection with the closing
HAMILTON, Bermuda, April 29, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported first quarter 2025 operating revenues of $736 million, compared to operating revenues of $730 million in the fourth quarter of 2024. Net income attributable to Nabors shareholders for the quarter was $33 million, compared to a net loss of $54 million in the fourth quarter. This equates to earnings per diluted share of $2.18, compared to a loss per diluted share of $6.67 in the fourth quarter. The first quarter included a one-time, non-cash net gain on the Parker transaction of $113.0 million, or $9.68 per diluted share. This gain was partially offset by non-cash char
HAMILTON, Bermuda, April 14, 2025 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, April 30, 2025 at 11:00 a.m. Central Time for a discussion of operating results for the first quarter ended March 31, 2025. Nabors will release earnings after the market closes on April 29, 2025 Date: April 30, 2025 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 2732750 Please call ten to fifteen minutes ahead of time to ensure prop
HAMILTON, Bermuda, Jan. 7, 2025 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Thursday, February 13, 2025 at 11:00 a.m. Central Time for a discussion of operating results for the fourth quarter ended December 31, 2024. Nabors will release earnings after the market closes on February 12, 2025. Date: February 13, 2025 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4142747 Please call ten to fifteen minutes ahead of time to
HAMILTON, Bermuda, Oct. 22, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported third quarter 2024 operating revenues of $732 million, compared to operating revenues of $735 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $56 million, compared to a net loss of $32 million in the second quarter. This equates to a loss of $6.86 per diluted share, compared to a loss per diluted share of $4.29 in the second quarter. The third quarter included net charges totaling approximately $25 million, primarily reflecting the redemption premium on the 2026 notes and market adjustments on investments. Third quar
HAMILTON, Bermuda, Oct. 21, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 11:00 a.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024. Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to e
HAMILTON, Bermuda, Oct. 15, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE:NBR) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy markets. Through its Quail Tools subsidiary, Parker is the leading rental provider of high-performance downhole tubulars in the U.S. market. Internationally, Parker provides tubular rentals and repair services, with state-of-the-art facilities located in key geographies. Parker offers differentiated, c
HAMILTON, Bermuda, Sept. 12, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 2:00 p.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024. Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 2:00 p.m. CT (3:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to ens
HAMILTON, Bermuda, July 23, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported second quarter 2024 operating revenues of $735 million, compared to operating revenues of $734 million in the first quarter. The net loss attributable to Nabors shareholders for the quarter was $32 million, compared to a net loss of $34 million in the first quarter. This equates to a loss of $4.29 per diluted share, compared to a loss per diluted share of $4.54 in the first quarter. Second quarter adjusted EBITDA was $218 million, compared to $221 million in the previous quarter. Highlights Nabors Lower 48 rigs continued to set the standard for performance on challen
HAMILTON, Bermuda, July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) ("Nabors" or "the Company") announced today certain preliminary operating results for the second quarter ended June 30, 2024. Nabors preliminary results for the second quarter continued to highlight the ongoing international expansion and relatively stable activity and pricing in its U.S. markets. Revenue and EBITDA estimates met the Company's expectations with adjusted free cash flow somewhat stronger than anticipated. The Company expects that for the three months ended June 30, 2024: (i) operating revenue to be approximately $735 million, (ii) income (loss) before income taxes of between ($5) million and $5
HAMILTON, Bermuda, June 26, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, July 24, 2024 at 10:00 a.m. Central Time for a discussion of operating results for the second quarter ended June 30, 2024. Nabors will release earnings after the market closes on July 23, 2024. Date: July 24, 2024 Time: 10:00 a.m. CT (11:00 a.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 0574690 Please call ten to fifteen minutes ahead of time to ensure proper