
Nabors Industries (NBR) Stock Forecast & Price Target
Nabors Industries (NBR) Analyst Ratings
Bulls say
Nabors Industries is a diversified oil and gas services company with a strong international presence. The company has shown resilience in its 1Q26 results despite disruptions in the Middle East, and its outlook for the remainder of the year has improved. With a steady increase in rig count and potential for pricing improvement, the company is expected to generate positive FCF in 2Q26. Additionally, the company is focused on reducing its Scope 1 and Scope 2 GHG emissions and has a dedicated sustainability committee, showcasing its commitment to ESG principles. With a solid business model and an experienced board of directors, Nabors Industries is well-positioned for long-term success.
Bears say
Nabors Industries is expected to see an increase in its Lower 48 rig count as more Public E&P companies add activity in the Permian, Haynesville, and Eagle Ford regions, potentially reaching 69 rigs by the end of 2Q26. However, the potential upside to this count is limited by the fact that the majority of these additions will be from price sensitive Private E&P companies. Additionally, while the company's international rig count is expected to continue climbing, reaching 101 by year-end, there are concerns about the potential reactivation of suspended rigs, as well as the addition of more industry rigs, which could negatively impact the overall market for Nabors' services. As a result, despite a slight increase in estimated EBITDA for 2026 and 2027, the overall outlook for Nabors Industries remains negative due to potential limitations in rig count growth and market competition.
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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