Nabors Industries Stock Fair Value – Allspring Global Investments Holdings LLC Reduces Stake in Nabors Industries Ltd.
October 25, 2023
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Nabors Industries ($NYSE:NBR) Ltd. recently saw a decrease in holdings from Allspring Global Investments Holdings LLC. Nabors Industries Ltd. is an oil and gas drilling and production company that operates in the United States, Canada, Russia, the Middle East, and Africa. The company is best-known for its land-based drilling rigs, but it also has a variety of other services such as directional drilling, well-site evaluation and software, and transport services. It is currently one of the largest oil and gas exploration and production companies in the world.
Market Price
On Monday, NABORS INDUSTRIES stock opened at $117.5 and closed at $115.5, down by 2.8% from prior closing price of 118.8. This reduction in position is a sign of investors’ dwindling confidence in the company’s stock performance. Analysts believe that NABORS INDUSTRIES has failed to meet investors’ expectations and that this could be the beginning of a downward spiral in its stock value. Many investors are now looking for alternative investments with better potential returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nabors Industries. More…
| Total Revenues | Net Income | Net Margin |
| 3k | -23.89 | -0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nabors Industries. More…
| Operations | Investing | Financing |
| 613.78 | -368.71 | -661.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nabors Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.46k | 3.36k | 42.21 |
Key Ratios Snapshot
Some of the financial key ratios for Nabors Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | -61.9% | 9.4% |
| FCF Margin | ROE | ROA |
| 6.9% | 43.8% | 3.9% |
Analysis – Nabors Industries Stock Fair Value
GoodWhale has conducted an analysis of NABORS INDUSTRIES‘s wellbeing and have found that the fair value of NABORS INDUSTRIES share is currently around $133.4, which has been calculated by our proprietary Valuation Line. Currently, the stock is trading at $115.5 – a price which is undervalued by 13.4%. This represents a good buying opportunity for those looking to take advantage of this bargain. GoodWhale believes that investing in companies such as NABORS INDUSTRIES is a sound decision and that now is an ideal time to purchase shares in the company. The team here at GoodWhale have conducted extensive research and analysis of the market and have concluded that NABORS INDUSTRIES is a safe and reliable option for investors. More…
Peers
It is based in Houston, Texas and was founded in 1952. The company provides services to exploration, drilling, and production companies. Nabors Industries Ltd has a market cap of $4.21 billion and its competitors are Exterran Corp, Independence Contract Drilling Inc, and Stampede Drilling Inc.
– Exterran Corp ($NYSE:EXTN)
Independence Contract Drilling Inc. is a drilling contractor that provides land-based drilling services to exploration and production companies in North America. The company has a market cap of $45.07 million and a return on equity of -19.45%. Independence Contract Drilling provides services under contracts that specify the number of wells to be drilled, the locations of the wells, and the duration of the contracts. The company’s customers include some of the largest oil and gas companies in the world.
– Independence Contract Drilling Inc ($NYSE:ICD)
Stampede Drilling Inc is a Canadian drilling company that provides drilling services to the oil and gas industry. The company has a market cap of $64.83 million and a return on equity of 4.88%.
Summary
Allspring Global Investments Holdings LLC recently decreased its investments in Nabors Industries Ltd, a major provider of land-based drilling services, directional drilling services, and rigs for offshore and onshore well-servicing, workover, and completion operations. Analysis of the company’s securities suggest that the market is currently uncertain on how to view the stock, resulting in a decline in its share prices. A number of financial metrics show that the company is undervalued on a fundamental basis, making it an attractive investment option for value investors.
Furthermore, the company’s market position within its industry is strong, as evidenced by its financial performance in the past and its estimates for the future. With its steady cash flow and resilient operations, Nabors Industries is well-positioned to provide sustained returns for investors.
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