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NBR

NBR - Nabors Industries Ltd Stock Price, Fair Value and News

86.42USD-1.54 (-1.75%)Delayed as of 28 Mar 2024, 02:02 pm ET

Market Summary

NBR
USD86.42-1.54
Delayedas of 28 Mar 2024, 02:02 pm
-1.75%

NBR Alerts

  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

NBR Stock Price

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NBR RSI Chart

NBR Valuation

Market Cap

935.3M

Price/Earnings (Trailing)

-79.37

Price/Sales (Trailing)

0.31

EV/EBITDA

7.6

Price/Free Cashflow

9.64

NBR Price/Sales (Trailing)

NBR Profitability

EBT Margin

4.23%

Return on Equity

-3.61%

Return on Assets

-0.22%

Free Cashflow Yield

10.37%

NBR Fundamentals

NBR Revenue

Revenue (TTM)

3.0B

Rev. Growth (Yr)

-4.09%

Rev. Growth (Qtr)

-0.85%

NBR Earnings

Earnings (TTM)

-11.8M

Earnings Growth (Yr)

75.82%

Earnings Growth (Qtr)

65.85%

Breaking Down NBR Revenue

52 Week Range

89.63
(Low)(High)

Last 7 days

-3.3%

Last 30 days

1.7%

Last 90 days

3.1%

Trailing 12 Months

-19.5%

How does NBR drawdown profile look like?

NBR Financial Health

Current Ratio

1.36

Debt/Equity

7.69

Debt/Cashflow

0.25

NBR Investor Care

Dividend Yield

0.88%

Dividend/Share (TTM)

0.75

Shares Dilution (1Y)

12.45%

Diluted EPS (TTM)

-5.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.9B3.0B3.1B3.0B
20222.1B2.3B2.4B2.7B
20211.9B1.8B1.9B2.0B
20203.0B2.7B2.4B2.1B
20193.1B3.1B3.1B3.0B
20182.7B2.9B3.0B3.1B
20172.2B2.3B2.4B2.6B
20162.9B2.9B2.6B2.2B
20156.6B5.6B4.6B3.7B
20146.2B6.4B6.6B6.8B
20136.6B6.3B6.2B6.2B
20126.5B6.9B7.0B6.9B
20114.6B5.0B5.6B6.0B
20103.4B3.5B3.7B4.1B
200905.1B4.6B4.0B
200805.1B5.3B5.5B
20070004.9B

Tracking the Latest Insider Buys and Sells of Nabors Industries Ltd

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 19, 2024
andrews mark d
acquired
-
-
4,561
corporate secretary
Jan 02, 2024
petrello anthony g
sold (taxes)
-586,397
80.86
-7,252
chairman, president & ceo
Jan 02, 2024
petrello anthony g
back to issuer
-
-
-41,463
chairman, president & ceo
Jan 02, 2024
restrepo william j
acquired
-
-
3,422
chief financial officer
Jan 02, 2024
restrepo william j
sold (taxes)
-108,918
80.86
-1,347
chief financial officer
Jan 02, 2024
petrello anthony g
acquired
-
-
18,428
chairman, president & ceo
Jan 02, 2024
restrepo william j
back to issuer
-
-
-20,534
chief financial officer
Jan 01, 2024
petrello anthony g
acquired
-
-
31,456
chairman, president & ceo
Jan 01, 2024
restrepo william j
acquired
-
-
3,962
chief financial officer
Jan 01, 2024
restrepo william j
sold (taxes)
-112,323
81.63
-1,376
chief financial officer

1–10 of 50

Which funds bought or sold NBR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-1.39
-303,592
573,042
-%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-10.97
-44,160,000
63,592,600
-%
Mar 01, 2024
READYSTATE ASSET MANAGEMENT LP
added
44.53
-94,659
2,163,110
0.07%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
323
41,723,400
64,830,900
0.01%
Mar 01, 2024
Creekmur Asset Management LLC
new
-
8,979
8,979
-%
Mar 01, 2024
Pineridge Advisors LLC
new
-
2,857
2,857
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.88
-211,931
406,109
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-120,000
238,000
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-2,000
7,000
-%
Feb 21, 2024
Raleigh Capital Management Inc.
unchanged
-
-41.00
82.00
-%

1–10 of 39

Are Funds Buying or Selling NBR?

Are funds buying NBR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NBR
No. of Funds

Unveiling Nabors Industries Ltd's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
8.23%
779,035
SC 13G/A
Jan 24, 2024
state street corp
5.42%
512,993
SC 13G
Jan 22, 2024
blackrock inc.
15.1%
1,485,766
SC 13G/A
Jun 09, 2023
vanguard group inc
10.04%
958,027
SC 13G/A
Feb 14, 2023
lmr partners llp
0.7%
67,466
SC 13G/A
Feb 09, 2023
vanguard group inc
8.79%
827,615
SC 13G/A
Jan 23, 2023
blackrock inc.
17.4%
1,638,392
SC 13G/A
Mar 11, 2022
blackrock inc.
15.3%
1,265,676
SC 13G/A
Feb 11, 2022
van eck associates corp
5.32%
438,508
SC 13G
Feb 11, 2022
van eck associates corp
5.32%
438,508
SC 13G

Recent SEC filings of Nabors Industries Ltd

View All Filings
Date Filed Form Type Document
Mar 27, 2024
PRER14A
PRER14A
Mar 07, 2024
PRER14A
PRER14A
Feb 21, 2024
4
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
5
Insider Trading
Feb 12, 2024
10-K
Annual Report
Feb 09, 2024
PRE 14A
PRE 14A
Feb 06, 2024
8-K
Current Report
Jan 24, 2024
SC 13G
Major Ownership Report
Jan 22, 2024
SC 13G/A
Major Ownership Report

What is the Fair Value of NBR?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Nabors Industries Ltd)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
456.5B
344.6B
9.41% 13.67%
12.68
1.32
-16.70% -35.40%
290.4B
200.9B
0.02% 1.52%
13.59
1.45
-18.40% -39.75%
56.5B
28.9B
5.44% 9.11%
12.02
1.95
-22.04% -64.70%
16.0B
6.6B
15.91% 27.83%
10.3
2.41
-17.41% -56.98%
11.5B
8.7B
9.63% 19.76%
4.74
1.32
-25.73% -50.99%
MID-CAP
8.3B
2.7B
8.00% 45.15%
9.55
3.04
-43.74% -26.38%
4.2B
2.8B
4.11% 1.93%
9.66
1.47
19.47% 177.97%
3.6B
3.4B
13.94% 41.02%
2.09
1.05
172.35% 1311.12%
2.8B
1.7B
-2.52% -6.29%
13.03
1.63
-26.01% -5.75%
2.3B
2.1B
6.28% -7.95%
5.82
1.11
-35.04% -60.65%
SMALL-CAP
257.7M
307.6M
1.78% -4.26%
0.66
0.84
-32.91% 578.62%
237.5M
256.5M
59.14% 102.55%
-5.47
0.52
21.03% 49.68%
94.0M
250.3M
-5.16% -26.09%
-2.17
0.38
-31.75% -183.24%
69.5M
2.7B
8.16% -35.75%
327.97
0.03
-18.46% -93.92%
23.7M
23.9M
9.22% 22.80%
-8.72
0.99
-21.86% -149.09%

Nabors Industries Ltd News

Latest updates
InvestorsObserver • 7 minutes ago
Seeking Alpha • 2 months ago

Nabors Industries Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-0.8%738744779789769699632569544524489462443438534718714758771800782
Costs and Expenses-6.6%7157657367058016916927306356376555805125886691,072974833953883920
  S&GA Expenses-8.3%57.0062.0063.0062.0059.0058.0058.0054.0054.0053.0052.0055.0054.0046.0046.0057.0063.0064.0064.0068.0057.00
  R&D Expenses-0.6%14.0014.0013.0015.0014.0013.0011.0012.0010.009.008.007.007.008.007.0011.0013.0012.0012.0014.0013.00
EBITDA Margin25.2%0.10*0.08*0.39*0.37*0.31*0.32*0.29*0.26*0.29*0.32*0.32*0.34*---------
Interest Expenses13.4%50.0044.0046.0045.0044.0044.0043.0047.0045.0042.0042.0043.0048.0052.0051.0055.0049.0051.0051.0052.0054.00
Income Taxes83.0%19.0011.0026.0023.0026.0012.009.0014.0018.003.0025.0010.0039.00-3.694.0018.0026.0024.0011.0030.0022.00
Earnings Before Taxes211.4%23.00-20.7343.0084.00-31.998.00-60.58-161-90.88-112-165-118-65.09-150-133-356-258-75.89-181-73.58-143
EBT Margin76.2%0.04*0.02*0.03*0.00*-0.09*-0.12*-0.19*-0.25*-0.24*-0.24*-0.27*-0.25*---------
Net Income65.9%-16.70-48.925.0049.00-69.06-13.78-82.92-184-113-122-196-137-108-157-148-391-262-118-203-117-183
Net Income Margin81.4%0.00*-0.02*-0.01*-0.04*-0.13*-0.16*-0.22*-0.29*-0.28*-0.29*-0.33*-0.29*---------
Free Cashflow588.1%48.00-9.7824.0035.0099.0028.0044.00-42.9048.0051.0057.0039.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets11.7%5,2784,7274,4634,7004,7304,7694,8014,8575,5255,1755,0425,2555,5035,8175,9826,3096,7617,2737,5157,7747,854
  Current Assets71.3%1,6469619781,0131,0019669239441,5021,3231,0871,0361,1311,1631,1531,2711,2491,3801,4671,5561,594
    Cash Equivalents172.9%1,057387413469451420413394991772400418472505484481436397368429448
  Inventory1.1%148146152144128129121132126137147154161164167174176186178166166
  Net PPE-1.6%2,8992,9462,9642,9773,0263,1003,1873,2463,3483,4443,5623,8293,9864,2254,3964,5974,9315,1525,3015,4005,468
  Goodwill-----------------28.0091.0091.00184184
Liabilities19.5%3,9973,3443,3583,4263,5143,4893,5203,4994,1313,9403,7073,7313,8044,0194,0414,2384,2854,5124,6444,7144,699
  Current Liabilities129.6%1,214529544540596559524513525516529491515486524585657682772736832
  Long Term Debt0.4%2,5122,5012,5032,5622,5382,5862,6022,6103,2633,0762,8232,8992,9693,2903,2763,3883,3333,5173,5513,6783,586
    LT Debt, Current-630--------------------
    LT Debt, Non Current0.4%2,5122,5012,5032,5622,5382,5862,6022,6103,2633,0762,8232,8992,9693,2903,2763,3883,3333,5173,5513,6783,586
Shareholder's Equity-6.2%3273485925823695966016677198349371,1281,2571,3601,5071,6412,0502,3412,4552,6502,750
  Retained Earnings-1.3%-1,886-1,861-1,809-1,804-1,841-1,766-1,750-1,725-1,537-1,415-1,290-1,089-946-829-664-508-1041713035209.00
  Additional Paid-In Capital0.1%3,5393,5363,5383,5333,5363,5323,5283,5933,4553,4503,4333,4293,4243,4193,4153,4083,4133,4113,4053,4003,393
Shares Outstanding0.1%9.009.009.009.009.009.009.008.008.007.007.007.00---------
Minority Interest7.7%21520018918016815714813712812511811410510494.0085.0067.0089.0074.0064.0049.00
Float---838---1,196---860---255---1,008--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations36.3%181,921133,425168,466154,050199,989138,950120,79641,354102,293113,280133,71379,490101,85546,134142,61059,162253,730157,743203,23169,854248,854
  Share Based Compensation-27.2%3,1684,3504,3413,9803,9744,0253,9503,8794,1554,4663,9666,7754,4684,4146,5989,1585,1715,3255,7408,4246,025
Cashflow From Investing3.1%-141,450-146,000-154,843-128,131-101,706-103,841-81,054-82,107-52,13719,831-65,800-19,119-36,115-37,193-41,376-50,773-22,156-75,496-113,760-144,444-117,072
Cashflow From Financing78.5%538,376301,580-249,6802,316-59,060-23,894-23,322-555,256450,593237,221-85,472-113,921-99,52912,844-98,88837,572-189,814-53,117-148,09859,456-31,752
  Dividend Payments----194--55.0010.00-------------
  Buy Backs-------------1.00-1.001.0013,8582,821-79.00--

NBR Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues and other income:   
Operating revenues$ 3,005,981$ 2,653,766$ 2,017,548
Investment income (loss)43,82014,9921,557
Total revenues and other income3,049,8012,668,7582,019,105
Costs and other deductions:   
Direct costs1,790,3801,666,0041,286,896
General and administrative expenses244,147228,431213,559
Research and engineering56,29749,93935,153
Depreciation and amortization645,294665,072693,381
Interest expense185,285177,895171,476
Impairments and other charges  66,731
Other, net(726)127,09939,998
Total costs and other deductions2,920,6772,914,4402,507,194
Income (loss) before income taxes129,124(245,682)(488,089)
Income tax expense (benefit):   
Current63,33954,19966,327
Deferred15,8817,337(10,706)
Total income tax expense (benefit)79,22061,53655,621
Income (loss) from continuing operations, net of tax49,904(307,218)(543,710)
Income (loss) from discontinued operations, net of tax  20
Net income (loss)49,904(307,218)(543,690)
Less: net (income) loss attributable to noncontrolling interest(61,688)(43,043)(25,582)
Net income (loss) attributable to Nabors(11,784)(350,261)(569,272)
Less: Preferred stock dividend  (3,653)
Net income (loss) attributable to Nabors common shareholders(11,784)(350,261)(572,925)
Amounts attributable to Nabors common shareholders:   
Net income (loss) from continuing operations(11,784)(350,261)(572,945)
Net income (loss) from discontinued operations  20
Net income (loss) attributable to Nabors common shareholders$ (11,784)$ (350,261)$ (572,925)
Earnings (losses) per share:   
Basic from continuing operations$ (5.49)$ (40.52)$ (76.58)
Basic from discontinued operations
Total Basic (in dollars per share)(5.49)(40.52)(76.58)
Diluted from continuing operations(5.49)(40.52)(76.58)
Diluted from discontinued operations
Total Diluted (in dollars per share)$ (5.49)$ (40.52)$ (76.58)
Weighted-average number of common shares outstanding:   
Basic (in shares)9,1598,8987,605
Diluted (in shares)9,1598,8987,605

NBR Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,057,487$ 451,025
Short-term investments12,6911,290
Accounts receivable, net of allowance of $52,864 and $52,895, respectively347,837327,397
Inventory, net147,798127,947
Other current assets79,86592,964
Total current assets1,645,6781,000,623
Property, plant and equipment, net2,898,7283,026,100
Restricted cash held in trust315,488284,841
Deferred income taxes238,871257,320
Other long-term assets179,200160,970
Total assets[1]5,277,9654,729,854
Current liabilities:  
Current portion of debt629,621 
Trade accounts payable294,442314,041
Accrued liabilities230,240247,575
Income taxes payable54,25527,990
Current lease liabilities5,4236,784
Total current liabilities1,213,981596,390
Long-term debt2,511,5192,537,540
Other long-term liabilities270,014377,671
Deferred income taxes1,3662,858
Total liabilities[1]3,996,8803,514,459
Commitments and contingencies (Note 8)
Redeemable noncontrolling interest in subsidiary739,075678,604
Shareholders' equity:  
Common shares, par value $0.05 per share: Authorized common shares 32,000; issued 10,556 and 10,505, respectively527525
Capital in excess of par value3,538,8963,536,373
Accumulated other comprehensive income (loss)(10,832)(11,038)
Retained earnings (accumulated deficit)(1,886,226)(1,841,153)
Less: treasury shares, at cost, 1,161 and 1,090 common shares, respectively(1,315,751)(1,315,751)
Total shareholders' equity326,614368,956
Noncontrolling interest215,396167,835
Total equity542,010536,791
Total liabilities and equity$ 5,277,965$ 4,729,854
[1]The consolidated balance sheets include assets and liabilities of consolidated joint ventures. See Note 13—Joint Ventures for additional information.
NBR
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 U.S. 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 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. The company marketed approximately 300 rigs for land-based drilling operations; and 29 rigs for offshore platform drilling operations. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
 CEO
 WEBSITEwww.nabors.com
 EMPLOYEES12000

Nabors Industries Ltd Frequently Asked Questions


What is the ticker symbol for Nabors Industries Ltd? What does NBR stand for in stocks?

NBR is the stock ticker symbol of Nabors Industries Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Nabors Industries Ltd (NBR)?

As of Wed Mar 27 2024, market cap of Nabors Industries Ltd is 935.31 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NBR stock?

You can check NBR's fair value in chart for subscribers.

What is the fair value of NBR stock?

You can check NBR's fair value in chart for subscribers. The fair value of Nabors Industries Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Nabors Industries Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NBR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Nabors Industries Ltd a good stock to buy?

The fair value guage provides a quick view whether NBR is over valued or under valued. Whether Nabors Industries Ltd is cheap or expensive depends on the assumptions which impact Nabors Industries Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NBR.

What is Nabors Industries Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, NBR's PE ratio (Price to Earnings) is -79.37 and Price to Sales (PS) ratio is 0.31. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NBR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Nabors Industries Ltd's stock?

In the past 10 years, Nabors Industries Ltd has provided -0.23 (multiply by 100 for percentage) rate of return.