Analyst Price Target is $129.60
▲ +61.51% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Nabors Industries in the last 3 months. The average price target is $129.60, with a high forecast of $150.00 and a low forecast of $88.00. The average price target represents a 61.51% upside from the last price of $80.25.
Current Consensus is
Hold
The current consensus among 6 polled investment analysts is to hold stock in Nabors Industries. This Hold consensus rating has held steady for over two years.
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
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