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Barclays Retains an Underweight Rating on Nabors Industries Ltd. (NBR)

Nabors Industries Ltd. (NYSE:NBR) is among the 10 Best Oil & Gas Drilling Stocks to Buy.

On February 25, 2026, Barclays increased its price objective for Nabors Industries Ltd. (NYSE:NBR) to $65 from $50. The analyst retained an Underweight rating, stating that it had upgraded the model following the Q4 release.

On February 11, 2026, Nabors Industries Ltd. (NYSE:NBR) disclosed fourth-quarter 2025 operating revenues of $798 million, a decrease from $818 million in Q3, and net income of $10 million. The fourth-quarter adjusted EBITDA was $222 million. The company lowered its net debt by $554 million since 2024 through collections from the Quail sale, note issuances, and redemptions.

International Drilling’s adjusted EBITDA increased to $131.3 million due to higher rig counts, while U.S. Drilling reported $93.2 million. Drilling Solutions’ adjusted EBITDA was $41.3 million, while Rig Technologies contributed $4.9 million. Adjusted free cash flow totaled $132 million. Nabors Industries Ltd. (NYSE:NBR) forecasts capital expenditures of $170-180 million and adjusted free cash consumption of $80-90 million in Q1 2026.

Nabors Industries Ltd. (NYSE:NBR) is a provider of offshore platform rigs. It also offers performance tools, directional drilling services, tubular running services, and technology for both its own rig fleet and those managed by third parties.

While we acknowledge the potential of NBR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBR and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best Electric Utility Stocks to Invest In Now and 11 Most Volatile Stocks to Buy According to Hedge Funds.  

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