NBR

Nabors Industries Ltd.

59
Fundamentals67/ 100
Valuation50/ 100
Upside potential60/ 100
Risk potential31/ 100

NBR lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.

NBR Fundamentals

MetricStatus
Stable
Stable
Healthy
Unavailable

NBR's cash flow is currently healthy, and its revenue and profitability are stable. There isn't enough data to rate its balance sheet.

NBR PE Valuation

NBR has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 22x next year's earnings.

NBR Forward outlook

MetricOutlook
--
Returning to profit
Growth
Strongly improving
Limited
Low

Analysts expect NBR to return to profit, with revenue growing. However, they disagree widely on these estimates.

NBR Risk to reward

ScenarioChangePrice
Upside+46%$121.60
Downside-31%$57.33

Calculated from the latest close: $83.28 on Nov 12.

NBR's one-year upside scenario is somewhat larger than its downside: +46% against −31%.

NBR Earnings Per Share

Q4 2023: $-5.49Q1 2024: $-14.14Q2 2024: $-18.12Q3 2024: $-18.72Q4 2024: $-22.37Q1 2025: $-15.65Q2 2025: $-14.07Q3 2025: $9.64Q4 2025: $17.39Q1 2026: $13.67Q2 2026: $14.34Q3 2026: $-3.75Forward: $3.75
Q4 2023: $-5.49Q1 2024: $-14.14Q2 2024: $-18.12Q3 2024: $-18.72Q4 2024: $-22.37Q1 2025: $-15.65Q2 2025: $-14.07Q3 2025: $9.64Q4 2025: $17.39Q1 2026: $13.67Q2 2026: $14.34Q3 2026: $-3.75Forward: $3.75
QuarterTTM EPSYoY
Forward$3.75—
Q3 2026-$3.75-139%
Q2 2026$14.34+$28.41
Q1 2026$13.67+$29.32
Q4 2025$17.39+$39.76
Q3 2025$9.64+$28.36
Q2 2025-$14.07+$4.05
Q1 2025-$15.65-$1.51
Q4 2024-$22.37-$16.88

NBR has swung to a loss: it lost $3.75 per share over the past year, after a profit the year before.

NBR Quarterly Revenue

Q4 2023: $726MQ1 2024: $734MQ2 2024: $735MQ3 2024: $732MQ4 2024: $730MQ1 2025: $736MQ2 2025: $833MQ3 2025: $818MQ4 2025: $798MQ1 2026: $784MQ2 2026: $815MQ3 2026: $872M
Q4 2023: $726MQ1 2024: $734MQ2 2024: $735MQ3 2024: $732MQ4 2024: $730MQ1 2025: $736MQ2 2025: $833MQ3 2025: $818MQ4 2025: $798MQ1 2026: $784MQ2 2026: $815MQ3 2026: $872M
QuarterRevenueYoY
Q3 2026$872.2M+6.6%
Q2 2026$814.8M-2.2%
Q1 2026$783.5M+6.4%
Q4 2025$797.5M+9.3%
Q3 2025$818.2M+12%
Q2 2025$832.8M+13%
Q1 2025$736.2M+0.3%
Q4 2024$729.8M+0.6%

NBR's revenue has picked up after two years of holding roughly level: $872M last quarter, up 6.6% from the same quarter a year ago.

NBR Free Cash Flow

Q4 2023: $48MQ1 2024: $3MQ2 2024: $54MQ3 2024: $16MQ4 2024: −$59MQ1 2025: −$77MQ2 2025: −$47MQ3 2025: $20MQ4 2025: $84MQ1 2026: −$52MQ2 2026: $10MQ3 2026: $69M
Q4 2023: $48MQ1 2024: $3MQ2 2024: $54MQ3 2024: $16MQ4 2024: −$59MQ1 2025: −$77MQ2 2025: −$47MQ3 2025: $20MQ4 2025: $84MQ1 2026: −$52MQ2 2026: $10MQ3 2026: $69M
QuarterFree cash flowYoY
Q3 2026$68.7M+246%
Q2 2026$9.6M+$56.4M
Q1 2026-$51.6M+$25.6M
Q4 2025$83.8M+$142.9M
Q3 2025$19.8M+26%
Q2 2025-$46.7M-186%
Q1 2025-$77.2M-3056%
Q4 2024-$59.1M-224%

NBR's free cash flow has turned positive again: $110M over the past year, against −$163M the year before.

NBR Total Shares

Q4 2023: 9MQ1 2024: 9MQ2 2024: 9MQ3 2024: 9MQ4 2024: 9MQ1 2025: 12MQ2 2025: 14MQ3 2025: 15MQ4 2025: 14MQ1 2026: 14MQ2 2026: 14MQ3 2026: 15M
Q4 2023: 9MQ1 2024: 9MQ2 2024: 9MQ3 2024: 9MQ4 2024: 9MQ1 2025: 12MQ2 2025: 14MQ3 2025: 15MQ4 2025: 14MQ1 2026: 14MQ2 2026: 14MQ3 2026: 15M
PeriodChange %Net change
Quarterly+1.6%+230K shares
1 year-5.3%-818K shares
3 years+59%+5.4M shares
5 years+83%+6.6M shares
Available history+106%+7.5M shares

NBR has 15M diluted shares, down 5.3% from a year ago.

NBR Net Leverage

NBR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

NBR Weekly Momentum

MetricValueStatus
RSI50.0Neutral
Stochastic40.6Neutral

NBR's weekly RSI is 50 (neutral) and its Stochastic is 41 (neutral).

NBR PE vs Energy Sector

MetricNBRSector medianRelative
PE6.3x13x52% below
PE %67616 pts above

NBR has no meaningful PE right now: it lost money over the past year.

NBR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$81.02.8% above
20 week MA$84.41.3% below
50 week MA$80.73.2% above
100 week MA$60.637% above
200 week MA$78.06.8% above

NBR's trend is mixed: it's above four of its five weekly moving averages, and 6.8% above its 200-week average.

NBR Yearly ROI

YearStart priceEnd priceROI
2020$147.0$58.4-60%
2021$58.4$86.7+49%
2022$86.7$156.0+80%
2023$156.0$81.6-48%
2024$81.6$51.2-37%
2025$51.2$52.6+2.8%
2026 YTD$52.6$83.3+58%

NBR is up 58% so far in 2026, after finishing lower in three of the previous six years.

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