Nabors Industries (NBR) Stock Forecast, Price Target & Predictions
NBR Stock Forecast
Nabors Industries stock forecast is as follows: an average price target of $151.67 (represents a 142.25% upside from NBR’s last price of $62.61) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
NBR Price Target
The average price target for Nabors Industries (NBR) is $151.67 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $205.00 to $75.00. This represents a potential 142.25% upside from NBR's last price of $62.61.
NBR Analyst Ratings
According to 5 Wall Street analysts, Nabors Industries's rating consensus is 'Buy'. The analyst rating breakdown for NBR stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 1 'Hold' (20.00%), 1 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).
Nabors Industries Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 12, 2024 | Scott Gruber | Citigroup | $75.00 | $65.09 | 15.23% | 19.79% |
| Jan 04, 2023 | - | Morgan Stanley | $175.00 | $149.46 | 17.09% | 179.51% |
| Apr 29, 2022 | - | RBC Capital | $205.00 | $158.19 | 29.59% | 227.42% |
The latest Nabors Industries stock forecast, released on Sep 12, 2024 by Scott Gruber from Citigroup, set a price target of $75.00, which represents a 15.23% increase from the stock price at the time of the forecast ($65.09), and a 19.79% increase from NBR last price ($62.61).
Nabors Industries Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $75.00 | $75.00 | $75.00 |
| Last Closing Price | $62.61 | $62.61 | $62.61 |
| Upside/Downside | 19.79% | 19.79% | 19.79% |
In the current month, the average price target of Nabors Industries stock is $75.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 19.79% increase as opposed to Nabors Industries's last price of $62.61. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Citigroup | Neutral | Reduce | Downgrade |
| Sep 12, 2024 | Citigroup | Buy | Neutral | Downgrade |
| Jul 10, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 17, 2023 | Morgan Stanley | Underweight | Overweight | Upgrade |
| Jul 19, 2023 | Benchmark | - | Buy | Upgrade |
| Feb 10, 2023 | Barclays | Overweight | Overweight | Hold |
| Jan 10, 2023 | Barclays | - | Overweight | Upgrade |
| Jan 04, 2023 | Morgan Stanley | Underweight | Underweight | Hold |
| Apr 29, 2022 | RBC Capital | Sector Perform | Sector Perform | Hold |
Nabors Industries's last stock rating was published by Citigroup on Sep 13, 2024. The company Downgrade its NBR rating from "Neutral" to "Reduce".
Nabors Industries Financial Forecast
Nabors Industries Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $737.84M | - | $767.07M | $779.14M | $760.15M | $694.14M | $630.94M | $568.54M | $543.54M | $524.16M | $489.33M | $460.51M | $443.40M | $438.35M | $533.93M | $718.36M | $714.26M | $758.08M |
| Avg Forecast | $927.22M | $916.10M | $883.89M | $846.66M | $838.69M | $825.82M | $796.38M | $767.95M | $774.80M | $755.13M | $737.91M | $727.24M | $744.05M | $755.45M | $771.00M | $769.90M | $743.64M | $680.94M | $612.70M | $557.42M | $550.66M | $504.10M | $472.86M | $450.00M | $418.59M | $444.19M | $524.59M | $704.02M | $746.40M | $776.27M |
| High Forecast | $948.47M | $937.10M | $904.14M | $866.06M | $857.91M | $844.75M | $814.63M | $785.55M | $792.55M | $772.12M | $754.82M | $743.91M | $755.84M | $818.28M | $788.67M | $787.55M | $760.68M | $696.54M | $625.04M | $568.64M | $561.75M | $514.25M | $482.38M | $459.06M | $427.02M | $453.13M | $535.15M | $718.19M | $761.43M | $791.90M |
| Low Forecast | $918.07M | $907.05M | $875.16M | $838.30M | $830.41M | $817.67M | $788.52M | $760.36M | $767.15M | $741.43M | $730.62M | $720.06M | $737.58M | $735.47M | $763.39M | $762.30M | $736.30M | $674.21M | $606.18M | $551.49M | $544.80M | $498.74M | $467.83M | $445.21M | $414.13M | $439.46M | $519.01M | $696.53M | $738.46M | $768.01M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 15 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | - | 0.99% | 1.01% | 1.02% | 1.02% | 1.03% | 1.02% | 0.99% | 1.04% | 1.03% | 1.02% | 1.06% | 0.99% | 1.02% | 1.02% | 0.96% | 0.98% |
Nabors Industries's average Quarter revenue forecast for Mar 24 based on 2 analysts is $727.24M, with a low forecast of $720.06M, and a high forecast of $743.91M. NBR's average Quarter revenue forecast represents a -1.44% decrease compared to the company's last Quarter revenue of $737.84M (Dec 23).
Nabors Industries EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 15 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $213.71M | - | $77.10M | $119.35M | $3.06M | $46.92M | $-18.50M | $-114.25M | $130.72M | $106.53M | $121.57M | $108.08M | $107.71M | $113.72M | $155.09M | $192.92M | $127.51M | $208.67M |
| Avg Forecast | $-3.74M | $-3.70M | $-3.57M | $-3.42M | $-3.39M | $-3.34M | $-3.22M | $-3.10M | $-3.13M | $-3.05M | $-2.98M | $-47.52M | $-3.01M | $-3.05M | $-3.11M | $-43.20M | $-3.00M | $95.16M | $-2.47M | $-39.27M | $-2.22M | $-2.04M | $-1.91M | $102.72M | $-1.69M | $-1.79M | $-2.12M | $-65.45M | $-3.01M | $-3.14M |
| High Forecast | $-3.71M | $-3.66M | $-3.53M | $-3.39M | $-3.35M | $-3.30M | $-3.18M | $-3.07M | $-3.10M | $-2.99M | $-2.95M | $-38.02M | $-2.98M | $-2.97M | $-3.08M | $-34.56M | $-2.97M | $114.20M | $-2.45M | $-31.42M | $-2.20M | $-2.01M | $-1.89M | $123.27M | $-1.67M | $-1.77M | $-2.10M | $-52.36M | $-2.98M | $-3.10M |
| Low Forecast | $-3.83M | $-3.78M | $-3.65M | $-3.50M | $-3.46M | $-3.41M | $-3.29M | $-3.17M | $-3.20M | $-3.12M | $-3.05M | $-57.03M | $-3.05M | $-3.30M | $-3.19M | $-51.84M | $-3.07M | $76.13M | $-2.52M | $-47.13M | $-2.27M | $-2.08M | $-1.95M | $82.18M | $-1.72M | $-1.83M | $-2.16M | $-78.54M | $-3.08M | $-3.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -71.11% | - | -24.76% | -2.76% | -1.02% | 0.49% | 7.48% | 2.91% | -58.77% | -52.33% | -63.66% | 1.05% | -63.71% | -63.39% | -73.20% | -2.95% | -42.30% | -66.56% |
2 analysts predict NBR's average Quarter EBITDA for Mar 24 to be $-47.52M, with a high of $-38.02M and a low of $-57.03M. This is -122.24% lower than Nabors Industries's previous annual EBITDA (Dec 23) of $213.71M.
Nabors Industries Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 15 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-16.70M | - | $16.23M | $49.22M | $-58.16M | $-4.46M | $-69.94M | $-174.67M | $-109.28M | $-122.50M | $-190.40M | $-137.10M | $-103.93M | $-157.47M | $-148.11M | $-374.27M | $-284.53M | $-118.93M |
| Avg Forecast | $36.18M | $29.46M | $22.70M | $9.90M | $23.48M | $23.48M | $12.52M | $-2.28M | $835.40K | $-8.90M | $-26.06M | $-200.18M | $-10.56M | $-3.56M | $14.77M | $-181.98M | $-10.11M | $-121.59M | $-66.92M | $-165.44M | $-109.68M | $-118.06M | $-151.67M | $-151.65M | $-193.24M | $-219.41M | $-230.33M | $-277.69M | $-124.71M | $-101.53M |
| High Forecast | $37.26M | $30.34M | $23.37M | $10.19M | $24.18M | $24.18M | $12.89M | $-2.25M | $860.29K | $3.21M | $-25.72M | $-160.15M | $-7.34M | $126.50M | $15.21M | $-145.59M | $-9.98M | $-97.27M | $-65.99M | $-132.35M | $-108.16M | $-116.42M | $-149.57M | $-121.32M | $-190.57M | $-216.37M | $-227.15M | $-222.15M | $-122.99M | $-100.12M |
| Low Forecast | $35.72M | $29.08M | $22.40M | $9.77M | $23.18M | $23.18M | $12.36M | $-2.35M | $824.68K | $-20.95M | $-26.83M | $-240.22M | $-12.62M | $-86.59M | $14.58M | $-218.38M | $-10.42M | $-145.91M | $-68.67M | $-198.53M | $-112.55M | $-121.15M | $-155.64M | $-181.98M | $-198.30M | $-225.15M | $-236.36M | $-333.23M | $-127.98M | $-104.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.58% | - | 1.10% | -0.27% | 5.75% | 0.04% | 1.05% | 1.06% | 1.00% | 1.04% | 1.26% | 0.90% | 0.54% | 0.72% | 0.64% | 1.35% | 2.28% | 1.17% |
Nabors Industries's average Quarter net income forecast for Sep 23 is $-3.56M, with a range of $-86.59M to $126.50M. NBR's average Quarter net income forecast represents a -121.95% decrease compared to the company's last Quarter net income of $16.23M (Jun 23).
Nabors Industries SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 15 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $57.00M | - | $63.23M | $61.73M | $59.03M | $57.59M | $58.17M | $53.64M | $54.42M | $52.90M | $51.58M | $54.66M | $53.72M | $46.17M | $46.24M | $57.38M | $62.57M | $63.58M |
| Avg Forecast | $84.10M | $83.10M | $80.17M | $76.80M | $76.07M | $74.91M | $72.24M | $69.66M | $70.28M | $68.49M | $66.93M | $58.20M | $67.49M | $68.52M | $69.93M | $52.91M | $67.45M | $52.50M | $55.58M | $48.10M | $49.95M | $45.72M | $42.89M | $60.46M | $37.97M | $40.29M | $47.58M | $40.67M | $67.70M | $70.41M |
| High Forecast | $86.03M | $85.00M | $82.01M | $78.56M | $77.82M | $76.62M | $73.89M | $71.25M | $71.89M | $70.04M | $68.47M | $69.84M | $68.56M | $74.22M | $71.54M | $63.49M | $69.00M | $63.00M | $56.69M | $57.72M | $50.95M | $46.65M | $43.75M | $72.55M | $38.73M | $41.10M | $48.54M | $48.80M | $69.07M | $71.83M |
| Low Forecast | $83.27M | $82.28M | $79.38M | $76.04M | $75.32M | $74.17M | $71.52M | $68.97M | $69.58M | $67.25M | $66.27M | $46.56M | $66.90M | $66.71M | $69.24M | $42.33M | $66.79M | $42.00M | $54.98M | $38.48M | $49.42M | $45.24M | $42.43M | $48.37M | $37.56M | $39.86M | $47.08M | $32.54M | $66.98M | $69.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | - | 0.90% | 1.17% | 0.88% | 1.10% | 1.05% | 1.12% | 1.09% | 1.16% | 1.20% | 0.90% | 1.41% | 1.15% | 0.97% | 1.41% | 0.92% | 0.90% |
Nabors Industries's average Quarter SG&A projection for Mar 24 is $58.20M, based on 2 Wall Street analysts, with a range of $46.56M to $69.84M. The forecast indicates a 2.10% rise compared to NBR last annual SG&A of $57.00M (Dec 23).
Nabors Industries EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 15 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-1.83 | - | $1.77 | $4.39 | $-6.39 | $-0.49 | $-7.70 | $-21.02 | $-13.75 | $-14.63 | $-25.52 | $-18.07 | $-14.71 | $-20.76 | $-19.56 | $-53.08 | $-40.40 | $-14.17 |
| Avg Forecast | $3.93 | $3.20 | $2.46 | $1.07 | $2.55 | $2.55 | $1.36 | $-0.25 | $0.09 | $-0.97 | $-2.83 | $-1.61 | $-1.15 | $-0.39 | $1.60 | $1.41 | $-1.10 | $-4.25 | $-7.27 | $-10.77 | $-11.91 | $-12.82 | $-16.47 | $-21.42 | $-20.99 | $-23.83 | $-25.02 | $-14.30 | $-13.55 | $-11.03 |
| High Forecast | $4.05 | $3.30 | $2.54 | $1.11 | $2.63 | $2.63 | $1.40 | $-0.24 | $0.09 | $0.35 | $-2.79 | $-1.59 | $-0.80 | $13.74 | $1.65 | $1.46 | $-1.08 | $-4.19 | $-7.17 | $-10.62 | $-11.75 | $-12.65 | $-16.25 | $-21.13 | $-20.70 | $-23.50 | $-24.67 | $-14.10 | $-13.36 | $-10.87 |
| Low Forecast | $3.88 | $3.16 | $2.43 | $1.06 | $2.52 | $2.52 | $1.34 | $-0.25 | $0.09 | $-2.28 | $-2.91 | $-1.66 | $-1.37 | $-9.40 | $1.58 | $1.40 | $-1.13 | $-4.37 | $-7.46 | $-11.05 | $-12.22 | $-13.16 | $-16.90 | $-21.98 | $-21.54 | $-24.45 | $-25.67 | $-14.67 | $-13.90 | $-11.32 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.60% | - | 1.10% | 3.10% | 5.82% | 0.12% | 1.06% | 1.95% | 1.15% | 1.14% | 1.55% | 0.84% | 0.70% | 0.87% | 0.78% | 3.71% | 2.98% | 1.29% |
According to 7 Wall Street analysts, Nabors Industries's projected average Quarter EPS for Sep 23 is $-0.39, with a low estimate of $-9.40 and a high estimate of $13.74. This represents a -121.87% decrease compared to NBR previous annual EPS of $1.77 (Jun 23).
Nabors Industries Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NBR | Nabors Industries | $62.61 | $151.67 | 142.25% | Buy |
| PTEN | Patterson-UTI Energy | $7.91 | $18.86 | 138.43% | Buy |
| NE | Noble | $34.09 | $61.00 | 78.94% | Buy |
| HP | Helmerich & Payne | $29.85 | $49.55 | 66.00% | Hold |
| BORR | Borr Drilling | $5.48 | $9.00 | 64.23% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| RIG | Transocean | $4.13 | $6.12 | 48.18% | Buy |
| PDS | Precision Drilling | $63.46 | $71.33 | 12.40% | Buy |
NBR Forecast FAQ
Is Nabors Industries a good buy?
Yes, according to 5 Wall Street analysts, Nabors Industries (NBR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of NBR's total ratings.
What is NBR's price target?
Nabors Industries (NBR) average price target is $151.67 with a range of $75 to $205, implying a 142.25% from its last price of $62.61. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nabors Industries stock go up soon?
According to Wall Street analysts' prediction for NBR stock, the company can go up by 142.25% (from the last price of $62.61 to the average price target of $151.67), up by 227.42% based on the highest stock price target, and up by 19.79% based on the lowest stock price target.
Can Nabors Industries stock reach $90?
NBR's average twelve months analyst stock price target of $151.67 supports the claim that Nabors Industries can reach $90 in the near future.
What is Nabors Industries's current price target trend?
1 Wall Street analyst forecast a $75 price target for Nabors Industries (NBR) this month, up 19.79% from its last price of $62.61. Compared to the last 3 and 12 months, the average price target increased by 19.79% and increased by 19.79%, respectively.
What are Nabors Industries's analysts' financial forecasts?
Nabors Industries's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.23B (high $3.3B, low $3.2B), average EBITDA is $-13.041M (high $-12.912M, low $-13.34M), average net income is $57.2M (high $59M, low $56.37M), average SG&A $292.87M (high $299.59M, low $289.98M), and average EPS is $6.21 (high $6.41, low $6.12). NBR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.57B (high $3.66B, low $3.54B), average EBITDA is $-14.434M (high $-14.292M, low $-14.765M), average net income is $98.24M (high $101.17M, low $96.98M), average SG&A $324.17M (high $331.6M, low $320.97M), and average EPS is $10.67 (high $10.99, low $10.53).
Did the NBR's actual financial results beat the analysts' financial forecasts?
Based on Nabors Industries's last annual report (Dec 2023), the company's revenue was $3.05B, beating the average analysts forecast of $3.04B by 0.31%. Apple's EBITDA was $959.7M, missing the average prediction of $-52.373M by -1932.45%. The company's net income was $49.9M, missing the average estimation of $-181M by -127.52%. Apple's SG&A was $244.15M, missing the average forecast of $258.86M by -5.68%. Lastly, the company's EPS was $5.45, beating the average prediction of $1.48 by 267.06%. In terms of the last quarterly report (Dec 2023), Nabors Industries's revenue was $737.84M, missing the average analysts' forecast of $744.05M by -0.83%. The company's EBITDA was $213.71M, missing the average prediction of $-3.005M by -7211.47%. Nabors Industries's net income was $-16.703M, beating the average estimation of $-10.562M by 58.15%. The company's SG&A was $57M, missing the average forecast of $67.49M by -15.54%. Lastly, the company's EPS was $-1.83, beating the average prediction of $-1.147 by 59.53%