Nabors Industries Ltd. (NBR)
NYSE: NBR · IEX Real-Time Price · USD
78.67
+2.66 (3.50%)
May 20, 2024, 11:37 AM EDT - Market open
Nabors Industries Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Nabors Industries stock have an average target of 127.8, with a low estimate of 79 and a high estimate of 150. The average target predicts an increase of 62.45% from the current stock price of 78.67.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for NBR stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 4 | 4 | 4 | 4 | 4 |
| Sell | 2 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $88 → $79 | Hold | Maintains | $88 → $79 | +0.42% | Apr 26, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 25, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $88 | Hold | Maintains | $88 | +11.86% | Apr 8, 2024 |
| Susquehanna | Susquehanna | Hold Reiterates $88 | Hold | Reiterates | $88 | +11.86% | Feb 13, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $160 → $150 | Buy | Maintains | $160 → $150 | +90.67% | Feb 12, 2024 |
Financial Forecast
Revenue This Year
3.12B
from 3.05B
Increased by 2.14%
Revenue Next Year
3.35B
from 3.12B
Increased by 7.64%
EPS This Year
-1.88
from -5.49
EPS Next Year
7.73
from -1.88
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.3B | 3.7B | 3.9B |
| Avg | 3.1B | 3.4B | 3.5B |
| Low | 2.9B | 3.1B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.9% | 17.9% | 16.3% |
| Avg | 2.1% | 7.6% | 4.6% |
| Low | -4.2% | -0.0% | -2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.11 | 14.69 | 18.62 |
| Avg | -1.88 | 7.73 | 13.80 |
| Low | -10.85 | 1.11 | 10.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 141.0% |
| Avg | - | - | 78.6% |
| Low | - | - | 32.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.