
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is expected to see potential upside in the Lower 48 rig count, with leading-edge dayrates moving up towards the mid- $30k range. The company is expected to add more rigs in the US due to demand from Public E&P companies, as well as increase its International rig count through its SANAD newbuild program and resumption of suspended rigs in Saudi Arabia. Additionally, the company's focus on sustainability, including reducing GHG emissions and water use, showcases its commitment to responsible operations and long-term growth.
Bears say
Nabors Industries is facing several challenges that negatively impact its outlook such as maintaining its capital spending guidance despite higher activity expectations, higher EBITDA potential, and working capital optimization. While the company has gained market share in the Lower-48 region, it also expects pricing to increase, which may put pressure on margins. Additionally, with the industry recognizing the challenge of emissions, the company's future multiples and terminal value may be affected. Overall, given the company's current leverage and potential challenges in the industry, the stock may be viewed as a speculative risk with a limited upside potential.
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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