
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is expected to experience growth in the international drill rig market with their newbuild program, resumed Saudi Arabia rigs, and additional rigs in Latin America. They also have potential increases in the Lower 48 rig count, leading-edge dayrates, and daily margin, as well as decreases in estimate margins. Lastly, the company places a strong focus on sustainability and diversity in their board composition.
Bears say
Nabors Industries is facing several challenges, including potential negative impacts from the current Middle East conflict and a negative EBITDA impact ranging $6-8mm in 2Q26. Although the company's US Land rig count growth is expected to outpace the market, there is uncertainty surrounding Private E&P activity. Additionally, while the company has made efforts towards reducing GHG emissions, there is a need for further improvement in water management as seen by a 23% decrease in water use vs. 2022.
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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