Nabors Industries (NBR)
Provides land and offshore drilling, rig equipment, and automation software for oil and gas wells.
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Provides land and offshore drilling rigs, drilling services, rig equipment, and automation software for oil and natural gas wells. International drilling carries more operating weight than the US base, while the business depends on upstream customer spending and rig-level execution.
Owns and operates land drilling rigs, offshore platform rigs, and related drilling services for oil and natural gas wells. The portfolio is organized around U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies, with international activity carrying more weight than the U.S. base.
Drilling Solutions adds performance software, tubular running, managed pressure drilling, and rig instrumentation around the rig. Canrig supplies top drives, catwalks, wrenches, drawworks, robotic systems, downhole tools, and aftermarket service.
Execution depends on rig uptime, automation adoption, and customer spending on oil and gas exploration and production. Recent portfolio moves added Parker tubular-running and rig operations-and-maintenance capabilities while Quail Tools was sold, so the current mix stays centered on drilling and rig technology.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Target | Target: $100 | Target: $110 |
| Aug 5, 2026 | Barclays | Reiterate | Rating: —Target: $50 | Target: $93 |
| Jul 30, 2026 | Piper Sandler | Reiterate | Rating: —Target: $84 | Target: $130 |
| Jul 8, 2026 | Susquehanna | Reiterate | Rating: —Target: $105 | Target: $85 |
| May 7, 2026 | Barclays | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $509.8M · Total debt $2.13B · Total assets $4.42B · Shareholders' equity $544.1M
- Revenue
- $816.9M
- Operating income
- $61.1M
- Net income
- −$29.1M
No dividends on record.
| Institutions | ≈ 76.60% | 12.23M shares | |
|---|---|---|---|
| 258 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.79% | 765.3K shares | |
| 11 holders · as of Aug 28, 2026 | |||
| Strategic holders | 8.81% | 1.41M shares | |
| 1 holder · as of Sep 15, 2025 | |||
| Other | ≈ 9.80% | 1.56M shares | |
| remainder | |||
15.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Varde Partners IncStrategic10 percent owner | 8.81% | 1.41M | filed Sep 15, 2025 |
BlackRock, Inc.Institution | 8.21% | 1.31M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.17% | 664,925 | as of Jun 30, 2026 |
American Century Companies IncInstitution | 4.01% | 640,469 | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 3.67% | 586,517 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | David J. Tudor | director | −3,200 | $92.30 |
| Feb 20, 2026 | John Yearwood | director | +6,410 | $78.12 |
- Helmerich & Payne
Closest public rig-fleet peer across U.S. and international drilling
- Patterson-UTI Energy
U.S. land drilling peer with directional-drilling overlap
- NOV
Rig equipment and drilling-technology rival
- Precision Drilling
North American rig contractor with digital-drilling overlap
- Halliburton
Global drilling-and-evaluation services rival
- SLB
Scaled well-construction and drilling-technology rival
- Baker Hughes
Well-construction services peer with drilling-tools overlap
- Weatherford International
MPD and tubular-running services peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nabors Industries | $83.52 | −0.49% | $1.24B | 6.2 | 40.3 | 0.4 | −2.2% |
| Helmerich & Payne | $39.89 | −1.01% | $4.03B | — | 30.6 | 1.0 | −0.6% |
| Patterson-UTI Energy | $11.24 | −1.57% | $4.34B | — | 63.9 | 0.9 | +0.7% |
| NOV | $20.22 | +0.32% | $7.18B | 77.5 | 19.0 | 0.8 | −2.5% |
| Precision Drilling | $83.57 | −0.54% | $1.08B | — | 12.5 | 0.8 | +6.8% |
| Halliburton | $32.91 | −1.45% | $27.89B | 17.5 | 13.0 | 1.2 | +3.7% |
| SLB | $52.12 | +0.70% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Baker Hughes | $57.15 | −1.18% | $57.41B | 18.6 | 21.3 | 2.1 | −2.4% |
| Weatherford International | $84.75 | +3.10% | $5.89B | 16.2 | 13.9 | 1.2 | −8.2% |
| Median | 18.6 | 18.7 | 1.1 | +0.1% |