Latest news with #NaborsIndustries
Business Insider
12 hours ago
- 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
Yahoo
17-02-2025
- Business
- Yahoo
Nabors Industries price target lowered to $75 from $102 at RBC Capital
RBC Capital lowered the firm's price target on Nabors Industries (NBR) to $75 from $102 and keeps a Sector Perform rating on the shares after its Q4 results. The company's EBITDA was in line with expectations, but the Q1 guidance implies an 8% sequential reduction, and while the firm continues to view Nabors' International and Nabors Drilling Solutions businesses as differentiated from peers, it remains neutral on the stock given above-average financial leverage and lower near-term free cash flow visibility, the analyst tells investors in a research note. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NBR: Nabors Industries price target lowered to $53 from $68 at Susquehanna Nabors Industries Faces Financial Uncertainty Amid Parker Merger Integration Costs Nabors Industries Reports Q4 2024 Financial Results Nabors Industries Ltd. Earnings Call: Mixed Outlook with Growth and Challenges Nabors Industries reports Q4 EPS ($6.67) vs. ($2.70) last year Sign in to access your portfolio
