Professional
Added to YB: 2026-04-15
Pitch date: 2026-04-13
NBR [neutral]
Nabors Industries Ltd.
-6.02%
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
$1.2B
Pitch Price
$84.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.89
P/E
4.61
EV/Sales
1.14
Sector
Energy Equipment and Services
Category
value
Miller Deep Value Strategy Portfolio Holding: Nabors Industries Ltd.
NBR (holding update): Up 58% on Quail Tools sale improving balance sheet. Net debt leverage ~1.8x after reducing debt $350M+, no maturities until 2029. Positioned for higher commodity prices, NA rig demand recovery, drilling solutions expansion & 50-rig SANAD scaling. Trades ~2x CF, 40%+ normalized FCF yield vs multiples upside potential. Risks: ME geopolitical exposure, commodity price decline, slower NA rig recovery.
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