Nabors Industries (NBR) Stock Forecast, Price Target & Predictions

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NBR Stock Forecast

Nabors Industries stock forecast is as follows: an average price target of $95.00 (represents a 76.68% upside from NBR’s last price of $53.77) 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 $95.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $75.00. This represents a potential 76.68% upside from NBR's last price of $53.77.

NBR Analyst Ratings

Buy

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 16, 2024	Daniel Kutz	Morgan Stanley	$115.00	$62.61	83.68%	113.87%
Sep 12, 2024	Scott Gruber	Citigroup	$75.00	$65.09	15.23%	39.48%
Jan 04, 2023		Morgan Stanley	$175.00	$149.46	17.09%	225.46%
Apr 29, 2022		RBC Capital	$205.00	$158.19	29.59%	281.25%

The latest Nabors Industries stock forecast, released on Sep 16, 2024 by Daniel Kutz from Morgan Stanley, set a price target of $115.00, which represents a 83.68% increase from the stock price at the time of the forecast ($62.61), and a 113.87% increase from NBR last price ($53.77).

Nabors Industries Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$95.00
Last Closing Price	$53.77	$53.77	$53.77
Upside/Downside	-100.00%	-100.00%	76.68%

In the current month, the average price target of Nabors Industries stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nabors Industries's last price of $53.77. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 16, 2024	Morgan Stanley	Overweight	Overweight	Hold
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 Morgan Stanley on Sep 16, 2024. The company gave NBR a "Overweight" rating, the same as its previous rate.

Nabors Industries Financial Forecast

Nabors Industries Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	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
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
Avg Forecast	$849.00M	$830.00M	$817.00M	$798.00M	$889.38M	$882.75M	$863.47M	$834.32M	$844.86M	$825.79M	$804.84M	$757.51M	$741.84M	$747.60M	$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
High Forecast	$864.57M	$845.22M	$831.98M	$812.63M	$905.69M	$898.93M	$879.30M	$849.61M	$860.35M	$840.93M	$819.60M	$780.81M	$760.48M	$750.90M	$737.91M	$727.24M	$755.84M	$818.28M	$785.13M	$784.02M	$757.27M	$680.94M	$612.70M	$557.42M	$550.66M	$504.10M	$472.86M	$450.00M	$418.59M	$444.19M
Low Forecast	$835.76M	$817.06M	$804.26M	$785.56M	$875.52M	$868.98M	$850.00M	$821.31M	$831.69M	$812.92M	$792.29M	$742.71M	$731.91M	$744.30M	$737.91M	$727.24M	$737.58M	$735.47M	$758.97M	$757.90M	$732.04M	$680.94M	$612.70M	$557.42M	$550.66M	$504.10M	$472.86M	$450.00M	$418.59M	$444.19M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	5	4	2	2	4	7	6	3	2	2	2	2	3	4	5	6	6	15
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%

Nabors Industries's average Quarter revenue forecast for Mar 24 based on 2 analysts is $727.24M, with a low forecast of $727.24M, and a high forecast of $727.24M. 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 27	Sep 27	Jun 27	Mar 27	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	5	4	2	2	4	7	6	3	2	2	2	2	3	4	5	6	6	15
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
Avg Forecast	$179.76M	$175.74M	$172.98M	$168.96M	$188.31M	$186.90M	$182.82M	$176.65M	$178.88M	$174.84M	$170.41M	$160.39M	$157.07M	$158.29M	$156.24M	$-47.52M	$157.54M	$159.95M	$163.24M	$-43.20M	$86.45M	$-2.75M	$-2.47M	$-39.27M	$-2.22M	$-2.04M	$-1.91M	$102.72M	$-1.69M	$-1.79M
High Forecast	$183.05M	$178.96M	$176.15M	$172.06M	$191.76M	$190.33M	$186.17M	$179.89M	$182.16M	$178.05M	$173.53M	$165.32M	$161.02M	$158.99M	$156.24M	$-38.02M	$160.03M	$173.25M	$166.24M	$-34.56M	$103.74M	$-2.75M	$-2.47M	$-31.42M	$-2.22M	$-2.04M	$-1.91M	$123.27M	$-1.69M	$-1.79M
Low Forecast	$176.96M	$172.99M	$170.29M	$166.33M	$185.37M	$183.99M	$179.97M	$173.89M	$176.09M	$172.12M	$167.75M	$157.25M	$154.97M	$157.59M	$156.24M	$-57.03M	$156.17M	$155.72M	$160.70M	$-51.84M	$69.16M	$-2.75M	$-2.47M	$-47.13M	$-2.22M	$-2.04M	$-1.91M	$82.18M	$-1.69M	$-1.79M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.36%	-	0.47%	-2.76%	0.04%	-17.06%	7.48%	2.91%	-58.77%	-52.33%	-63.66%	1.05%	-63.71%	-63.39%

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 27	Sep 27	Jun 27	Mar 27	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	5	4	2	2	4	7	6	3	2	2	2	2	3	4	5	6	6	15
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
Avg Forecast	$8.29M	$2.49M	$-184.26K	$-5.62M	$10.67M	$7.06M	$2.53M	$-5.80M	$2.64M	$-1.13M	$-6.94M	$-16.98M	$-18.82M	$-18.51M	$-26.07M	$-200.18M	$-10.57M	$-3.57M	$14.78M	$-181.98M	$-83.82M	$-39.11M	$-66.92M	$-165.44M	$-109.68M	$-118.06M	$-151.67M	$-151.65M	$-193.24M	$-219.41M
High Forecast	$8.49M	$2.55M	$-180.53K	$-5.51M	$10.92M	$7.22M	$2.59M	$-5.68M	$2.70M	$-1.11M	$-6.80M	$2.46M	$-990.77K	$-18.13M	$-25.54M	$-160.15M	$-7.34M	$126.58M	$15.13M	$-145.59M	$-67.05M	$-39.11M	$-66.92M	$-132.35M	$-109.68M	$-118.06M	$-151.67M	$-121.32M	$-193.24M	$-219.41M
Low Forecast	$8.12M	$2.44M	$-188.65K	$-5.75M	$10.45M	$6.91M	$2.48M	$-5.94M	$2.59M	$-1.16M	$-7.11M	$-27.39M	$-33.03M	$-18.95M	$-26.69M	$-240.22M	$-12.63M	$-86.65M	$14.48M	$-218.38M	$-100.58M	$-39.11M	$-66.92M	$-198.53M	$-109.68M	$-118.06M	$-151.67M	$-181.98M	$-193.24M	$-219.41M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.58%	-	1.10%	-0.27%	0.69%	0.11%	1.05%	1.06%	1.00%	1.04%	1.26%	0.90%	0.54%	0.72%

Nabors Industries's average Quarter net income forecast for Sep 23 is $-3.57M, with a range of $-86.65M to $126.58M. NBR's average Quarter net income forecast represents a -121.97% decrease compared to the company's last Quarter net income of $16.23M (Jun 23).

Nabors Industries SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	5	4	2	2	4	7	6	3	2	2	2	2	3	4	5	6	6	15
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
Avg Forecast	$77.01M	$75.29M	$74.11M	$72.38M	$80.67M	$80.07M	$78.32M	$75.68M	$76.63M	$74.90M	$73.00M	$68.71M	$67.29M	$67.81M	$66.93M	$58.20M	$67.49M	$68.52M	$69.93M	$52.91M	$40.13M	$61.76M	$55.58M	$48.10M	$49.95M	$45.72M	$42.89M	$60.46M	$37.97M	$40.29M
High Forecast	$78.42M	$76.67M	$75.47M	$73.71M	$82.15M	$81.54M	$79.76M	$77.07M	$78.04M	$76.28M	$74.34M	$70.82M	$68.98M	$68.11M	$66.93M	$69.84M	$68.56M	$74.22M	$71.22M	$63.49M	$48.15M	$61.76M	$55.58M	$57.72M	$49.95M	$45.72M	$42.89M	$72.55M	$37.97M	$40.29M
Low Forecast	$75.81M	$74.11M	$72.95M	$71.25M	$79.41M	$78.82M	$77.10M	$74.50M	$75.44M	$73.74M	$71.87M	$67.37M	$66.39M	$67.51M	$66.93M	$46.56M	$66.90M	$66.71M	$68.84M	$42.33M	$32.10M	$61.76M	$55.58M	$38.48M	$49.95M	$45.72M	$42.89M	$48.37M	$37.97M	$40.29M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84%	-	0.90%	1.17%	1.47%	0.93%	1.05%	1.12%	1.09%	1.16%	1.20%	0.90%	1.41%	1.15%

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 27	Sep 27	Jun 27	Mar 27	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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	5	4	2	2	4	7	6	3	2	2	2	2	3	4	5	6	6	15
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
Avg Forecast	$0.90	$0.27	$-0.02	$-0.61	$1.16	$0.77	$0.27	$-0.63	$0.29	$-0.12	$-0.75	$-1.84	$-2.04	$-2.01	$-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
High Forecast	$0.92	$0.28	$-0.02	$-0.60	$1.19	$0.78	$0.28	$-0.62	$0.29	$-0.12	$-0.74	$0.27	$-0.11	$-1.97	$-2.77	$-1.58	$-0.80	$13.74	$1.64	$1.42	$-1.08	$-4.25	$-7.27	$-10.77	$-11.91	$-12.82	$-16.47	$-21.42	$-20.99	$-23.83
Low Forecast	$0.88	$0.26	$-0.02	$-0.62	$1.13	$0.75	$0.27	$-0.64	$0.28	$-0.13	$-0.77	$-2.97	$-3.58	$-2.06	$-2.90	$-1.65	$-1.37	$-9.40	$1.57	$1.41	$-1.12	$-4.25	$-7.27	$-10.77	$-11.91	$-12.82	$-16.47	$-21.42	$-20.99	$-23.83
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%

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
BORR	Borr Drilling	$3.81	$9.00	136.22%	Buy
PTEN	Patterson-UTI Energy	$7.34	$12.63	72.07%	Buy
NBR	Nabors Industries	$59.85	$95.00	58.73%	Buy
NE	Noble	$30.27	$48.00	58.57%	Buy
HP	Helmerich & Payne	$32.64	$48.50	48.59%	Hold
RIG	Transocean	$3.67	$5.00	36.24%	Buy
PDS	Precision Drilling	$58.46	$71.33	22.02%	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 $95 with a range of $75 to $115, implying a 76.68% from its last price of $53.77. 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 76.68% (from the last price of $53.77 to the average price target of $95), up by 113.87% based on the highest stock price target, and up by 39.48% based on the lowest stock price target.

Can Nabors Industries stock reach $80?

NBR's average twelve months analyst stock price target of $95 supports the claim that Nabors Industries can reach $80 in the near future.

What are Nabors Industries's analysts' financial forecasts?

Nabors Industries's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.47B (high $3.53B, low $3.42B), average EBITDA is $734.68M (high $748.15M, low $723.23M), average net income is $14.45M (high $15.05M, low $13.9M), average SG&A $314.74M (high $320.51M, low $309.83M), and average EPS is $1.57 (high $1.63, low $1.51). NBR's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $3.29B (high $3.35B, low $3.24B), average EBITDA is $697.44M (high $710.22M, low $686.56M), average net income is $4.98M (high $5.35M, low $4.62M), average SG&A $298.79M (high $304.26M, low $294.13M), and average EPS is $0.54 (high $0.581, low $0.501).

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, beating the average prediction of $437.53M by 119.35%. 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, beating the average prediction of $157.54M by 35.66%. Nabors Industries's net income was $-16.703M, beating the average estimation of $-10.568M by 58.05%. 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%