Professional
Added to YB: 2024-07-26
Pitch date: 2024-07-02
NBR [bullish]
Nabors Industries Ltd.
-22.08%
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
$70.11
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 Value Partners Deep Value Strategy Portfolio Holding: Nabors Industries Ltd.
NBR: Global driller, 25% int'l rig growth in 2yrs. Saudi JV adding 4-5 rigs/yr, turning FCF+. N.America rig market bottoming, potential upside in 6-12mo. Low-capex Drilling Solutions expanding globally. Trades at <1x fwd CF, >50% norm FCF yield, ~3x fwd EV/EBITDA. Long-term upside potential multiples of current price. Risks: commodity prices, industry consolidation.
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