Nabors Industries (NBR)
Market Price (12/5/2025): $56.88 | Market Cap: $801.9 MilSector: Energy | Industry: Oil & Gas Drilling
Nabors Industries (NBR)
Market Price (12/5/2025): $56.88Market Cap: $801.9 MilSector: EnergyIndustry: Oil & Gas Drilling
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 39%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 34% | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -136% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 335% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Drilling Automation. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 39%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 34% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Drilling Automation. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -136% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 335% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
Valuation, Metrics & Events
NBR Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
The requested time period for the stock movement of Nabors Industries (NBR) is from August 31, 2025, to December 5, 2025. As this period is primarily in the future, I cannot provide an analysis of actual stock movement that has not yet occurred.
However, I can provide information on NBR's performance and key events around the current date (December 5, 2025) and in the latter half of 2025, based on available forecasts and reported news for 2025. It is not possible to confirm a 52.7% stock movement in the specified future timeframe.
Here are some key points regarding Nabors Industries (NBR) around the specified period, based on information available as of December 5, 2025:
1. Strong Q3 2025 Earnings Driven by Asset Sale: Nabors Industries reported robust third-quarter 2025 results, with net income attributable to shareholders of $274 million (EPS $16.85), a significant turnaround from a net loss in Q2 2025. This was largely due to a $314 million after-tax gain from the sale of Quail Tools for $625 million, which also helped reduce net debt to approximately $1.67 billion.
2. Mixed Q2 2025 Earnings with Revenue Miss but Operational Improvement: In the second quarter of 2025, Nabors reported mixed results, with a revenue of $833 million, falling short of analyst estimates, and a wider-than-expected net loss of $31 million (loss per share of $2.71). However, adjusted EBITDA improved to $248 million, indicating stronger operational performance. The quarter also saw significant progress in integrating the Parker Wellbore businesses, contributing materially to financial results and supporting targeted cost synergies.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NBR Return | -59% | 39% | 91% | -47% | -30% | -0% | -60% |
| Peers Return | -22% | 5% | 64% | 18% | -27% | 9% | 27% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 112% |
Monthly Win Rates [3] | |||||||
| NBR Win Rate | 42% | 50% | 58% | 33% | 42% | 70% | |
| Peers Win Rate | 18% | 43% | 67% | 38% | 37% | 60% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| NBR Max Drawdown | -93% | -2% | 0% | -50% | -37% | -57% | |
| Peers Max Drawdown | -32% | -1% | -3% | -15% | -33% | -44% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: SDRL, NE, VAL, RIG, HP. See NBR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/4/2025 (YTD)
How Low Can It Go
| Event | NBR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.5% | -25.4% |
| % Gain to Breakeven | 160.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -93.8% | -33.9% |
| % Gain to Breakeven | 1521.2% | 51.3% |
| Time to Breakeven | 720 days | 148 days |
| 2018 Correction | ||
| % Loss | -91.4% | -19.8% |
| % Gain to Breakeven | 1066.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -82.9% | -56.8% |
| % Gain to Breakeven | 485.5% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1480 days |
Compare to SDRL, NE, VAL, RIG, HP
In The Past
Nabors Industries's stock fell -61.5% during the 2022 Inflation Shock from a high on 4/18/2022. A -61.5% loss requires a 160.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to NBR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 11.8% | 11.8% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.7% | 5.7% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 25.5% | 25.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -5.7% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 11.8% | 11.8% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.7% | 5.7% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 25.5% | 25.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -5.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Nabors Industries
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.54 |
| Mkt Cap | 3.6 |
| Rev LTM | 3,273 |
| Op Inc LTM | 430 |
| FCF LTM | 143 |
| FCF 3Y Avg | 34 |
| CFO LTM | 597 |
| CFO 3Y Avg | 622 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.9% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Mgn LTM | 12.3% |
| Op Mgn 3Y Avg | 13.4% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 17.4% |
| CFO/Rev 3Y Avg | 20.6% |
| FCF/Rev LTM | 5.7% |
| FCF/Rev 3Y Avg | 1.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.6 |
| P/S | 1.0 |
| P/EBIT | 6.1 |
| P/E | 5.6 |
| P/CFO | 5.0 |
| Total Yield | 5.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.5% |
| D/E | 0.9 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.7% |
| 3M Rtn | 30.7% |
| 6M Rtn | 57.8% |
| 12M Rtn | -3.1% |
| 3Y Rtn | -1.6% |
| 1M Excs Rtn | 10.5% |
| 3M Excs Rtn | 24.7% |
| 6M Excs Rtn | 42.4% |
| 12M Excs Rtn | -17.9% |
| 3Y Excs Rtn | -75.6% |
Comparison Analyses
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2132025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 7262024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2122024 | 10-K 12/31/2023 |
| 9302023 | 10272023 | 10-Q 9/30/2023 |
| 6302023 | 7282023 | 10-Q 6/30/2023 |
| 3312023 | 4272023 | 10-Q 3/31/2023 |
| 12312022 | 2092023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5022022 | 10-Q 3/31/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |