Nabors Industries stock fell 2.33 percent as Q3 date nears
Published on 10/07/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nabors Industries stock (ISIN BMG6359F1370) closed at USD 81.22 on the NYSE on October 6, 2026, down 2.33 percent from the prior close of USD 83.16. The next company checkpoint is the Q3 2026 earnings release scheduled for October 27, 2026, after the market closes, according to MarketScreener.
Analyst target rises to USD 91
Susquehanna analyst Charles Minervino raised the Nabors price target to USD 91 from USD 85 on October 5, 2026, while keeping a Neutral rating, as Markets Insider reports. The revised target stands USD 9.78 above the October 6 close, equal to 12.0 percent above the price.
The broader analyst picture is more measured. Investing.com lists a Neutral consensus from 8 analysts, with an average target of USD 106.63, a high of USD 130.00 and a low of USD 80.00.
Q2 revenue beats consensus
Nabors reported USD 814.8 million of operating revenue in Q2 2026, above the USD 812.0 million consensus estimate but below USD 832.8 million in Q2 2025, according to Zacks. That combination puts the latest quarter in a precise middle ground: the top line beat estimates, but year-over-year revenue declined 2.2 percent.
Adjusted EBITDA reached USD 221.7 million in Q2 2026, up from USD 204.8 million in Q1 2026 but down from USD 248.5 million a year earlier. Adjusted loss per share was USD 2.04, wider than the USD 1.54 consensus loss, while operating cash flow reached USD 135.2 million.
International drilling supports the mix
The segment picture explains why revenue quality matters for the upcoming report. International Drilling generated USD 432.5 million of Q2 2026 revenue, up from USD 385.0 million a year earlier, while U.S. Drilling revenue was USD 252.5 million versus USD 255.4 million.
Nabors operates through U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies, with drilling services and technology products spanning land-based and offshore wells, according to Yahoo Finance. For investors, the upcoming release will show whether international growth and higher EBITDA can offset the adjusted loss and the company's debt burden.
Stock remains below its yearly high
Nabors Industries stock has a 52-week range of USD 36.66 to USD 112.90, placing the October 6 close at USD 81.22. Market capitalization stood at USD 1.2 billion, with volume of 171,278 shares on the session.
Nabors Industries stock facts
- Company: Nabors Industries Ltd.
- ISIN: BMG6359F1370
- Ticker: NBR
- Trading venue: NYSE
- Price (as of October 6, 2026, 4:00 p.m. ET): Closing price (October 6, 2026): USD 81.22
- Market capitalization: USD 1.2 billion (as of October 6, 2026)
- 52-week range: USD 36.66-112.90 (as of October 6, 2026)
- Sector / Industry: Energy / Oil and Gas Drilling
Upcoming dates for Nabors Industries stock
- October 27, 2026: Q3 2026 earnings release
- October 28, 2026: Q3 2026 earnings conference call
