Nabors Industries Ltd. (NYSE:NBR – Get Free Report) Director David Tudor sold 3,200 shares of Nabors Industries stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $92.30, for a total transaction of $295,360.00. Following the completion of the sale, the director directly owned 5,264 shares in the company, valued at approximately $485,867.20. This represents a 37.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Nabors Industries Stock Up 0.3%
Nabors Industries stock opened at $91.89 on Friday. Nabors Industries Ltd. has a twelve month low of $34.70 and a twelve month high of $112.90. The firm has a 50 day moving average price of $84.68 and a 200-day moving average price of $86.48. The company has a market capitalization of $1.47 billion, a P/E ratio of 6.84 and a beta of 0.98. The company has a quick ratio of 1.75, a current ratio of 1.89 and a debt-to-equity ratio of 2.24.
Nabors Industries (NYSE:NBR – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) EPS for the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.The company had revenue of $814.79 million during the quarter. As a group, equities analysts predict that Nabors Industries Ltd. will post -3.69 EPS for the current year.
Nabors Industries News Summary
- Positive Sentiment: Strategic geothermal investment: Nabors invested $35 million in Quaise Energy’s $180 million Series B financing, increasing its ownership to approximately 14%. The deal strengthens Nabors’ position in superhot geothermal drilling and supports its technology-enabled growth strategy. Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy
- Positive Sentiment: Commercialization partnership: Nabors and Quaise also agreed to a strategic framework covering drilling operations, technology integration and commercial development. The collaboration is intended to advance Project Obsidian and Quaise’s millimeter-wave drilling system, potentially giving Nabors exposure to a new energy market beyond conventional oil and gas services. Quaise Energy Series B and Strategic Framework Announcement
- Neutral Sentiment: Recent share momentum: A market commentary noted that NBR had gained 10.4% since its latest earnings report. However, the article primarily asks whether the move can continue and does not provide a new operating or financial catalyst. Nabors Up 10.4% Since Last Earnings Report
- Negative Sentiment: Director sale: Director David J. Tudor sold 3,200 NBR shares for approximately $295,360, reducing his direct holdings by 37.8%. While insider sales can reflect personal liquidity needs rather than a view on the company, the transaction may weigh modestly on sentiment. SEC Form 4 Filing
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Morgan Stanley set a $110.00 price target on Nabors Industries in a research report on Thursday, August 20th. Wall Street Zen cut Nabors Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Citigroup upped their price objective on shares of Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Barclays set a $93.00 target price on shares of Nabors Industries and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Nabors Industries currently has a consensus rating of “Hold” and an average target price of $102.57.
Check Out Our Latest Analysis on NBR
Hedge Funds Weigh In On Nabors Industries
A number of large investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. raised its stake in shares of Nabors Industries by 62.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock valued at $68,418,000 after purchasing an additional 485,000 shares during the period. California State Teachers Retirement System lifted its holdings in Nabors Industries by 9,671.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,022,402 shares of the oil and gas company’s stock worth $85,892,000 after purchasing an additional 1,011,939 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nabors Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company’s stock worth $47,298,000 after purchasing an additional 13,424 shares during the period. Cibc World Market Inc. boosted its stake in Nabors Industries by 2.0% in the 4th quarter. Cibc World Market Inc. now owns 499,147 shares of the oil and gas company’s stock worth $27,104,000 after purchasing an additional 9,640 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Nabors Industries by 15.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 485,346 shares of the oil and gas company’s stock valued at $26,354,000 after buying an additional 66,640 shares in the last quarter. 81.92% of the stock is owned by institutional investors.
Nabors Industries Company Profile
Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.
The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.
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