
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is a well-positioned company with strong revenue generation in its International Drilling segment, expected to continue expanding in the near term. Its US Land rig count growth is outpacing the market, and the company is in a solid position to exceed its full-year FCF guidance range, with higher EBITDA potential, working capital optimization, and value extraction from its asset base. However, O&G volatility, lack of FCF generation, and potential consolidation could pose risks to achieving the PT and recommending an outperforming rating.
Bears say
Nabors Industries is expected to generate positive FCF in 2Q26 and exceed full year guidance of $25mm in FCF loss. The company's U.S. Drilling segment is expected to see potential upside from an increase in rig count and leading-edge dayrates. Additionally, the company's international rig count is expected to climb to 101 by the end of the year with the addition of newbuild rigs and the resumption of suspended rigs. However, the company's higher leverage and speculative risk warrant a Sector Perform rating with a $120 price target based on a rounded 3.5x multiple of FY27E EBITDA.
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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