Nabors Industries (NYSE:NBR) Director Sells $295,360.00 in Stock

Nabors Industries Ltd. (NYSE:NBR) Director David Tudor sold 3,200 shares of Nabors Industries stock in a transaction on Friday, August 28th. The stock was sold at an average price of $92.30, for a total value of $295,360.00. Following the sale, the director directly owned 5,264 shares of the company’s stock, valued at $485,867.20. This represents a 37.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Nabors Industries Trading Up 0.2%

Shares of Nabors Industries stock opened at $91.89 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.75 and a current ratio of 1.89. The firm has a 50-day moving average of $84.68 and a 200-day moving average of $86.59. Nabors Industries Ltd. has a 52-week low of $34.70 and a 52-week high of $112.90. The stock has a market cap of $1.47 billion, a PE ratio of 6.84 and a beta of 0.98.

Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) EPS for the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.The business had revenue of $814.79 million for the quarter. As a group, sell-side analysts forecast that Nabors Industries Ltd. will post -3.69 EPS for the current year.

Nabors Industries News Summary

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Strategic geothermal investment: Nabors invested $35 million in Quaise Energy’s $180 million Series B financing, increasing its ownership to approximately 14%. The deal strengthens Nabors’ position in superhot geothermal drilling and supports its technology-enabled growth strategy. Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy
• Positive Sentiment: Commercialization partnership: Nabors and Quaise also agreed to a strategic framework covering drilling operations, technology integration and commercial development. The collaboration is intended to advance Project Obsidian and Quaise’s millimeter-wave drilling system, potentially giving Nabors exposure to a new energy market beyond conventional oil and gas services. Quaise Energy Series B and Strategic Framework Announcement
• Neutral Sentiment: Recent share momentum: A market commentary noted that NBR had gained 10.4% since its latest earnings report. However, the article primarily asks whether the move can continue and does not provide a new operating or financial catalyst. Nabors Up 10.4% Since Last Earnings Report
• Negative Sentiment: Director sale: Director David J. Tudor sold 3,200 NBR shares for approximately $295,360, reducing his direct holdings by 37.8%. While insider sales can reflect personal liquidity needs rather than a view on the company, the transaction may weigh modestly on sentiment. SEC Form 4 Filing

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of Nabors Industries by 9,671.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,022,402 shares of the oil and gas company’s stock valued at $85,892,000 after purchasing an additional 1,011,939 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Nabors Industries by 62.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock worth $68,418,000 after buying an additional 485,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nabors Industries by 42.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after buying an additional 132,747 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Nabors Industries by 232.2% during the 3rd quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock worth $7,595,000 after buying an additional 129,904 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Nabors Industries by 446.9% during the 4th quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock worth $7,206,000 after buying an additional 108,447 shares during the last quarter. 81.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NBR shares. Susquehanna cut their price target on Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings upgraded Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Wall Street Zen cut Nabors Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Morgan Stanley set a $110.00 target price on Nabors Industries in a report on Thursday, August 20th. Finally, Barclays set a $93.00 price target on Nabors Industries and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.57.

About Nabors Industries

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.