Latest news with #NaborsIndustries
Yahoo
19-07-2025
- Business
- Yahoo
Piper Sandler Initiates Coverage of Nabors Industries (NBR) Stock with an Underweight Rating
Nabors Industries Ltd. (NYSE:NBR) is one of the Best Beaten Down Stocks to Buy Now. Piper Sandler initiated coverage of the company's stock with an 'Underweight' rating and a price objective of $30, as reported by The Fly. Notably, the firm expects a challenging backdrop for US land, expecting the influence on oil prices because of tariffs and production hikes. Furthermore, the analyst is expecting a persistent negative rate-of-change environment for the balance of 2025. A drilling rig on a large oil field, capturing a crucial moment of the extraction process. However, Nabors Industries Ltd. (NYSE:NBR) completed the acquisition of Parker Wellbore, which has strengthened its portfolio with the complementary businesses. The acquisition is expected to be immediately accretive to Nabors Industries Ltd. (NYSE:NBR)'s 2025 FCF and to improve leverage metrics. Overall, the addition of Parker is a huge milestone for the company, significantly expanding Nabors Industries Ltd. (NYSE:NBR)'s Drilling Solutions business and adding strong cash generation to the combined company. Apart from $130 million in incremental adjusted EBITDA for 2025 post-closing, Nabors Industries Ltd. (NYSE:NBR) remains on track to realize $40 million of cost synergies. Notably, Parker capital expenditures post-closing are aimed at $60 million for 2025. Miller Value Partners, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'Our two largest detractors during the quarter were Gannett (GCI) and Nabors Industries Ltd. (NYSE:NBR), with shares down 43% and 26%, respectively, during the quarter. Both companies' share prices are at deep discounts to our view of their long-term fundamental value, and we have recently increased position sizes in both holdings. While we acknowledge the potential of NBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Nabors Industries (NBR) Gained This Week. Here is Why.
The share price of Nabors Industries Ltd. (NYSE:NBR) surged by 7.43% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week. A drilling rig on a large oil field, capturing a crucial moment of the extraction process. With operations in approximately 20 countries, Nabors Industries Ltd. (NYSE:NBR) is a leading provider of advanced technology for the energy industry. Nabors Industries Ltd. (NYSE:NBR) continues to surge after Susquehanna analyst Charles Minervino raised the company's price target to $32 from $29, while maintaining a 'Neutral' rating on its shares. It's worth noting that Nabors Industries Ltd. (NYSE:NBR) posted strong results for its Q1 2025, beating estimates in both earnings and revenue. The firm also completed the acquisition of Parker Wellbore in March this year, expanding its market presence and service offerings across key global regions. Despite the recent uptick, the share price of Nabors Industries Ltd. (NYSE:NBR) has fallen by over 43% since the beginning of the year. While we acknowledge the potential of NBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
27-06-2025
- Business
- Business Insider
RBC Capital Remains a Hold on Nabors Industries (NBR)
In a report released yesterday, Keith Mackey from RBC Capital maintained a Hold rating on Nabors Industries (NBR – Research Report), with a price target of $45.00. The company's shares closed yesterday at $28.17. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions. Nabors Industries has an analyst consensus of Hold, with a price target consensus of $35.83. Based on Nabors Industries' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $736.19 million and a net profit of $32.99 million. In comparison, last year the company earned a revenue of $733.7 million and had a GAAP net loss of $41.62 million
Yahoo
21-05-2025
- Business
- Yahoo
Nabors Industries (NBR) Fell by Almost 15% This Week. Here is Why.
The share price of Nabors Industries Ltd. (NYSE:NBR) fell by 14.91% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. A drilling rig on a large oil field, capturing a crucial moment of the extraction process. With operations in approximately 20 countries, Nabors Industries Ltd. (NYSE:NBR) is a leading provider of advanced technology for the energy industry. Nabors Industries Ltd. (NYSE:NBR) suffered a setback this week after Barclays analyst Eddie Kim downgraded the stock from Equal Weight to Underweight and almost halved its price target from $53 to $28. The analyst expects Nabors to witness outsized activity and pricing declines in the lower 48 states and select international markets over the next year, as a result of the tough macroenvironment amid declining crude oil prices and a weak demand outlook. While the SANAD joint venture with Saudi Aramco is viewed as a potential growth area for the company, there are concerns about the venture's financial sustainability. That said, Nabors Industries Ltd. (NYSE:NBR) beat forecasts in both earnings and revenue in its Q1 2025 results reported last month. The company also completed the acquisition of Parker Wellbore in March, bolstering its portfolio with complementary businesses. While we acknowledge the potential of NBR to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NBR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
18-04-2025
- Business
- Yahoo
Halliburton (NYSE:HAL) Shares Climb 11% Over Last Week
Halliburton recently achieved a significant milestone by collaborating with Nabors Industries to execute the first fully automated drilling operations in Oman. This innovative partnership highlights the use of advanced technologies, such as Halliburton's LOGIX and Nabors' SmartROS, to optimize drilling performance and efficiency. Over the past week, Halliburton's share price increased by 11%, a move that stands out against a flat market. While no single factor can wholly explain the increase, the technological advancements and operational efficiencies showcased in this partnership likely added weight to the company's positive performance amid stable market conditions. You should learn about the 2 possible red flags we've spotted with Halliburton. We've found 25 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent collaboration between Halliburton and Nabors Industries in Oman represents a forward step in technological innovation that could enhance Halliburton's competitive edge. This partnership, employing technologies like LOGIX and SmartROS, may drive future revenue and earnings growth by improving operational efficiencies in drilling. These advancements suggest strengthened international revenue prospects, vital for Halliburton given anticipated pressures in the North American market. This innovation underscores the company's broader narrative around enhancing their technological portfolio to bolster earnings and margins. Over a five-year span, Halliburton's total return, inclusive of share price and dividends, was 172.81%. This robust performance contrasts with a challenging year where the company's returns were lower than the US Energy Services industry, which experienced a 28.5% decline. The significant total returns over the longer period emphasize the potential rewards of Halliburton's investment in next-generation technology. The recent 11% weekly share price increase, even as the market remained stable, aligns with a positive investor sentiment potentially fostered by the news from Oman. Analysts' price target of US$32.01 suggests an upside potential from the current share price of US$21.43, providing room for growth if earnings hit the forecasted US$2.7 billion by 2028. However, anticipated revenue decline and margin pressures in North America pose risks to achieving these targets, highlighting the importance of international revenue and technological efficiencies. Dive into the specifics of Halliburton here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HAL. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
