David Tudor Sells 3,200 Shares of Nabors Industries (NYSE:NBR) Stock

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

Nabors Industries Stock Up 0.3%

Nabors Industries stock opened at $91.89 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75. The company’s 50-day moving average is $84.68 and its 200-day moving average is $86.48. The firm has a market capitalization of $1.47 billion, a PE ratio of 6.84 and a beta of 0.98. Nabors Industries Ltd. has a fifty-two week low of $34.70 and a fifty-two week high of $112.90.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share (EPS) for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The firm had revenue of $814.79 million during the quarter. Sell-side analysts anticipate that Nabors Industries Ltd. will post -3.69 earnings per share for the current year.

Nabors Industries News Roundup

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NBR shares. Barclays set a $93.00 target price on Nabors Industries and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $130.00 price target (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Zacks Research cut shares of Nabors Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Morgan Stanley set a $110.00 price objective on shares of Nabors Industries in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Islay Capital Management LLC acquired a new stake in shares of Nabors Industries during the fourth quarter worth $26,000. Quarry LP bought a new position in Nabors Industries during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in Nabors Industries by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 141 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Nabors Industries in the 4th quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Nabors Industries in the 2nd quarter worth about $101,000. 81.92% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Company Profile

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.