RankAlpha logo
Back to Rankings

NBR

Nabors IndustriesA
NYSE / Energy
Last Price
Quote time unavailable
View Chart
Current thesis
The cleanest bull read is that the April 28 earnings release showed better-than-feared execution: revenue and EPS beat available consensus references, Lower 48 rig additions continued, SANAD deployments remain on schedule, and management kept a constructive full-year activity and capex framework.
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-27 · AMC.
What can break
After the post-earnings rally, the share price is above the packet's sell-side median target, raising downside risk if the next few quarters do not confirm the stronger activity outlook.
Momentum
21
Value
66
Sentiment
64
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $90.00 · Bull $118.00 · Bear $60.00Analysis 2026-04-29; returns require an exact persisted reference.
Earnings
2026-10-27 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-29 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $107.38
Why
Momentum21 · Δ7d +8.5
Value66 · Δ7d 0.0
Sentiment64 · Δ7d -4.3
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-27 · AMC.
  • • Value remains the lead driver in the composite, 7D delta 0.0.

Contradictions & invalidation

  • • After the post-earnings rally, the share price is above the packet's sell-side median target, raising downside risk if the next few quarters do not confirm the stronger activity outlook.
  • • FY2026 capital spending remains heavy at $730-$760 million, including $360-$380 million for SANAD newbuilds, which can delay visible free-cash-flow conversion.
  • • The bear read is that sequential EBITDA still softened, free cash flow stayed negative in 1Q, international margins were pressured by staffing/logistics issues in the Middle East, and the business remains exposed to oilfield spending volatility despite better rig utilization.

Catalyst clock

2026-10-27 · AMC

Post-earnings follow-through depends on Q2 rig-count and cash-flow delivery

Lead driver: Value · See fundamentals
Momentum
21
8% active weight
Current posture
7d trendImproving
Δ7d
+8.5
Δ21d
+1.5
Value
66
47% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+0.3
Sentiment
64
45% active weight
Current posture
7d trendSoftening
Δ7d
-4.3
Δ21d
-10.4
Why this grade

Composite grade A. Momentum 21.3 / Value 66.2 / Sentiment 64.2

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-04-29. Scenario method

B+
Bull case
0%
Probability
Target price
$118.00
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
Most likely
B
Base case
0%
Probability
Target price
$90.00
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
B-
Bear case
0%
Probability
Target price
$60.00
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$1.23B
Beta
1.00
Shares Out
15.19M
P/E (TTM)
6.0
P/S (TTM)
0.27
P/FCF (TTM)
18.70
Rev YoY
-2.2%
EPS YoY
-24.8%
Gross Margin
+18.6%
Op Margin
+7.9%
Net Debt
$1.59B
Current Ratio
1.89
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data