Is Nabors Industries Ltd. (NYSE:NBR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Nabors Industries Ltd. at current levels.
International drilling backlog and SANAD rig deployments turn a debt-heavy survivor into a cash machine the market still prices like a cyclical also-ran.
Where NBR is headed
Nabors in 2028 looks almost nothing like the Nabors that traded under $30 a year ago. The Saudi joint venture (SANAD) hits its 50-rig fleet target with Aramco, locking in roughly two decades of contracted dayrates on rigs built at cost-plus economics. International drilling, the segment that always got dismissed as the slow-grinding cousin to US shale, becomes the dominant EBITDA contributor. That shift matters because international rigs run on three-to-five year contracts at margins US land can only dream about, and they don't get whipsawed every time WTI sneezes.
Read the full Compass Direction on NBR
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $106.55).
See the full NBR analysisGet calls like this, free
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Frequently asked questions
Is Nabors Industries Ltd. (NYSE:NBR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Nabors Industries Ltd. at current levels. International drilling backlog and SANAD rig deployments turn a debt-heavy survivor into a cash machine the market still prices like a cyclical also-ran.
What is NBR's Compass Score?
Nabors Industries Ltd. scores 79/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for NBR?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the NBR page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.