
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is expected to benefit from a growing US Land rig count and expanding margins in the US and international markets, along with leading-edge dayrates moving towards the mid-$30k range. The company has shown resilience in its financial results, reporting higher EBITDA and FCF than expected. Additionally, Nabors has proven its commitment to sustainability through reducing emissions and promoting diversity on its board. However, there are potential risks in the form of oil and gas market volatility, limited FCF generation, and potential challenges in reducing leverage and increasing rig activity.
Bears say
Nabors Industries is facing challenges in generating free cash flow despite maintaining its capital spending guidance range. With the company expecting to exceed its full year FCF guidance range, it will be dependent on higher EBITDA potential, working capital optimization, and value extraction from its assets. Further, the company aims to reduce its Scope 1 emissions and achieve diversity in new hires, which could potentially impact its performance and financials in the near term.
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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