Nabors Industries (NBR)

• Market cap: $415M
• 1 day: -6.16%
• 5 days: -13.40%
• 1 month: -36.22%
• 3 months: -42.69%
• 6 months: -44.28%
• Year to date: -28.66%
• 1 year: -46.74%
• 5 years: -62.41%
• 10 years: -93.27%
• Sector: Energy
• Industry: Drilling Oil & Gas Wells

About: Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and technologies. The company has four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

Employees: 12,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

12% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 52

10.45% more ownership

Funds ownership: 81.63% [Q3] → 92.08% (+10.45%) [Q4]

6% less capital invested

Capital invested by funds: $504M [Q3] → $474M (-$30.1M) [Q4]

10% less funds holding

Funds holding: 185 [Q3] → 166 (-19) [Q4]

35% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 40

48% less call options, than puts

Call options by funds: $20.9M | Put options by funds: $39.8M

50% less funds holding in top 10

Funds holding in top 10: 6 [Q3] → 3 (-3) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $53 23% upside
• Avg. target: $53 23% upside
• High target: $53 23% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Barclays David Anderson 45% 1-year accuracy 36 / 80 met price target

23% upside $53

Equal-Weight Maintained

19 Feb 2025