Professional
Added to YB: 2024-10-15
Pitch date: 2024-10-10
NBR [bullish]
Nabors Industries Ltd.
-28.12%
current return
Author Info
No bio for this author
Company Info
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally.
Market Cap
$718.9M
Pitch Price
$76.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.96
P/E
3.42
EV/Sales
1.17
Sector
Energy Equipment and Services
Category
growth
Miller Deep Value Select Strategy Portfolio Holding: Nabors Industries Ltd.
NBR: Energy sector pullback creates opportunity. 20%+ int'l rig fleet growth, SANAD JV expanding to 50 rigs. Trading at 3.5x EV/EBITDA vs peers 8.3-11.8x. Drilling Solutions segment growing globally. At 1x fwd CF, $1B FCF potential over 5yrs. Risk: oil <$60. $1.8B debt reduced since 2018, no maturities pre-2027. Significant upside potential.
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