Feed / NBR

Nabors Industries Ltd.

NBR

Energy · 90.48 -0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Nabors Industries Ltd.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 28 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Company-0.1% todayVolume comparison unavailable
Market group0 of 28 activeOil & Gas Producers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • NBR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if NBR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Drilling

No new filing conclusion is available. 0 of 28 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • NBR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements70
Verified relationships8
Evidence supporting the case
  • Latest annual revenue changed +8.7% year over year.
  • Net margin changed +15.0 percentage points in the latest annual period.
  • Operating cash flow covered net income at 2.42x in the latest annual period.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 77% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 73% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

90.48
6m+17.7%12m+149.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.0B-5.5%$-76.58+7.7%
2022-12-31$2.7B+31.5%$-40.52+17.0%
2023-12-31$3.0B+13.3%$-5.49+2.9%
2024-12-31$2.9B-2.5%$-22.37+0.5%
2025-12-31$3.2B+8.7%$17.39

What management says matters

Persistent and emerging business drivers

Macroeconomic conditionsnegative · 5 filings
By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower carbon world.
10-Q · Jul 31, 2026
Demand and volumemixed · 2 filings
The increase is primarily attributable to a 9% 31 Table of Contents increase in the average rigs working, along with improved pricing, as market conditions and demand for our international drilling services have increased since the prior year.
10-Q · Jul 31, 2026
Energy and commodity pricesnegative · 1 filings
Meanwhile, a number of operators in oil-driven basins, especially the Permian Basin, have reduced drilling activity as they have realized efficiency gains and achieved their production goals.
10-K · Feb 13, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.4× · EV/sales 0.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

90.48-0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NBR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NBR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NBR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BKRBaker Hughes CompanycompetitorFeb 13, 2026

In our International segment, significant competitors with operations in multiple countries include Helmerich & Payne Inc., as well as many contractors with regional or local rig operations.

FETForum Energy Technologies, Inc.competitorFeb 13, 2026

In our International segment, significant competitors with operations in multiple countries include Helmerich & Payne Inc., as well as many contractors with regional or local rig operations.

Depended on by

HPHelmerich & Payne, Inc.competitorNov 21, 2025

In the United States, we compete with Nabors Industries Ltd., Patterson-UTI Energy, Inc., Precision Drilling Corporation, and many other competitors with regional operations.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NBR is currently a Follower in the organic co-movement group Oil & Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.