
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is expected to see improved EBITDA generation, FCF performance, and rig count growth, driven by its SANAD newbuild program and additional rigs in the international market. With its strong drilling business in the US and a significant international presence, the company is well-positioned for future growth. However, uncertainty remains due to customer consolidation and potential regulations in the oil and gas industry.
Bears say
Nabors Industries is facing challenges in the Middle East, where logistical disruptions are impacting daily margins and rig count. This, coupled with lower industry utilization, is expected to lead to lower pricing and fixed cost absorption, ultimately impacting the company's financials and outlook. Despite a potential increase in EBITDA, the company's focus on free cash flow and decreasing rig count and margins present a downside risk to the stock's performance.
This aggregate rating is based on analysts' research of Nabors Industries and is not a guaranteed prediction by Public.com or investment advice.
Nabors Industries (NBR) Analyst Forecast & Price Prediction
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