Nabors Industries (NYSE:NBR) Stock, Quote.Headers.trade-ideas

Nabors Industries

Nabors Industries Ltd owns and operates land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 291 actively marketed rigs for land-based drilling operations and 28 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

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Nabors Industries Ltd

NUBIAN RESOURCES LTD by Nubian Resources Ltd

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NORTH BAY RESOURCES INC by North Bay Resources, Inc.

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NBROWN GROUP PLC ORD by NBrown Group Plc.

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NEWBERRY SPECIALTY BAKERS by Newberry Specialty Bakers, Inc.

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="http://benzinga.com/analyst-stock-ratings"> analyst ratings page</a>.
<ul>
<li>Wells Fargo cut the price target for Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from $15 to $13. Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating. Pebblebrook Hotel Trust shares rose 1.5% to trade at $12.98 on Friday. S<a href="https://www.benzinga.com/quote/PEB/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) from $70 to $60. TD Cowen analyst Tyler Van Buren maintained a Hold rating. Moderna shares fell 4.9% to trade at $66.25 on Friday. <a href="https://www.benzinga.com/quote/mrna/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut Zimmer Biomet Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) price target from $117 to $112. Truist Securities analyst Richard Newitter reiterated a Hold rating. Zimmer Biomet shares gained 1.8% to trade at $107.06 on Friday. <a href="https://www.benzinga.com/quote/zbh/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) price target from $185 to $200. Guggenheim analyst John Difucci maintained a Buy rating. Oracle shares rose 1% to trade at $162.87 on Friday. <a href="https://www.benzinga.com/quote/orcl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised the price target for TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) from $53 to $60. Goldman Sachs analyst Alexander Blostein maintained a Buy rating. TPG shares gained 3% to close at $55.55 on Friday. S<a href="https://www.benzinga.com/quote/tpg/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>UBS boosted CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) price target from $53 to $54. UBS analyst Michael Goldsmith downgraded the stock from Buy to Neutral. CubeSmart shares fell 0.2% to trade at $53.81 on Friday. <a href="https://www.benzinga.com/quote/cube/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li>Stifel cut Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $121 to $103. Stifel analyst Steve Wieczynski maintained a Buy rating. Wynn Resorts shares rose 3.6% to trade at $79.07 on Friday. <a href="https://www.benzinga.com/quote/wynn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from $110 to $75. Citigroup analyst Scott Gruber downgraded the stock from Buy to Neutral. Nabors Industries shares rose 0.5% to trade at $65.41 on Friday. <a href="https://www.benzinga.com/quote/nbr/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) price target from $181 to $133. Barclays analyst George Wang downgraded the stock from Equal-Weight to Underweight. Garmin shares fell 6.2% to trade at $170.74 on Friday. <a href="https://www.benzinga.com/quote/grmn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) price target from $62 to $63. Evercore ISI Group analyst Michael Montani maintained an Outperform rating. Kroger shares rose 1.1% to trade at $55.81 on Friday. <a href="https://www.benzinga.com/quote/kr/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Citigroup analyst Scott Gruber downgrades Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from Buy to Neutral and lowers the price target from $110 to $75.

Downgrades

Citigroup Downgrades Nabors Industries to Neutral, Lowers Price Target to $75

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Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

As of July 26, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>)</h3>
<ul>
<li>On July 23, Nabors Industries posted better-than-expected quarterly sales. Anthony G. Petrello, Nabors Chairman, CEO and President, commented, &#8220;Our second quarter operating results were better than we expected. This performance was driven by growth and higher average daily margins in our International Drilling segment, as well as stronger performance in our Drilling Solutions and Rig Technologies segments.&#8221; The company's stock gained around 45% over the past month and has a <a href="https://www.benzinga.com/quote/NBR">52-week high of $141.47</a>.</li>
<li>RSI Value: 76.76&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NBR Price Action: Shares of Nabors Industries gained 12.7% to close at $100.81 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">VAALCO Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>)</h3>
<ul>
<li>VAALCO Energy will issue its second quarter earnings release on Tuesday, Aug. 6, after the closing bell. The company's stock gained around 13% over the past month and <a href="https://www.benzinga.com/quote/EGY">has a 52-week high </a>of $7.50.</li>
<li>RSI Value: 70.27</li>
<li>EGY Price Action: Shares of VAALCO Energy gained 2.9% to close at $7.20 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Oceaneering International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>)</h3>
<ul>
<li>On July 24, Oceaneering International posted better-than-expected quarterly sales. Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, &#8220;Activity levels in our energy-related businesses, led by Subsea Robotics (SSR), increased and outperformed our expectations. Our adjusted EBITDA was in line with our guidance and consensus estimates.&#8221; The company's stock gained around 28% over the past month and has a <a href="https://www.benzinga.com/quote/OII">52-week high</a> of $29.17.</li>
<li>RSI Value: 75.67</li>
<li>OII Price Action: Shares of Oceaneering International gained 13.8% to close at $28.95 on Thursday.</li>
</ul>
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RBC Capital analyst Keith Mackey reiterates Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Sector Perform and maintains $114 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Nabors Industries, Maintains $114 Price Target

U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday.
Shares of AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) rose during Wednesday's session following <a href="https://www.benzinga.com/news/earnings/24/07/39929205/at-t-q2-earnings-strong-wireless-net-adds-higher-free-cash-flow-stable-annual-outlook">second-quarter earnings</a>.
AT&amp;T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
AT&amp;T shares gained 3.1% to $18.78 on Wednesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>PROG Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) shares jumped 20.4% to $41.71 after the company reported better-than-expected second-quarter financial results. Also, the company raised its FY24 guidance above estimates.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) rose 19.4% to $94.69. The company on Monday announced a private placement financing.</li>
<li>Flex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) rose 10.9% to $32.96 after the company reported better-than-expected second-quarter financial results.</li>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) gained 10.5% to $249.78 after the company reported better-than-expected second-quarter financial results.</li>
<li>Group 1 Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) rose 9.6% to $333.95 after the company reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) jumped 9.2% to $113.18 after the company reported second-quarter financial results.</li>
<li>Q32 Bio Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTTB#NASDAQ">QTTB</a>) gained 8.2% to $35.00.</li>
<li>Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) rose 7.9% to $18.61 after the company reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) shares climbed 7.5% to $113.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) gained 7.2% to $86.80 following quarterly results.</li>
<li>Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) rose 7% to $26.69 after the company reported better-than-expected second-quarter financial results.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) shares climbed 6.8% to $148.17 after the company reported better-than-expected second-quarter financial results and the company and raised its FY24 guidance above estimates. Also, the company announced it authorized a $1.5 billion share buyback.</li>
<li>Avantor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) gained 6.5% to $22.55 after it was announced the stock will join the S&amp;P MidCap 400.</li>
<li>CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) gained 6.5% to $79.69 following second-quarter results.</li>
<li>Protagonist Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) rose 5.8% to $40.49 after BTIG maintained a Buy rating on the stock and raised its price target from $41 to $51.</li>
<li>QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) rose 5.5% to $39.00. The company announced it will replace Hibbett in the S&amp;P SmallCap 600.</li>
<li>Stifel Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) rose 5.5% to $86.93 following upbeat earnings.</li>
<li>Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) gained 5.5% to $40.02 following quarterly results.</li>
<li>Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) rose 4.9% to $178.40 following better-than-expected quarterly results.</li>
</ul>
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AT&T, Group 1 Automotive, Mattel, Seagate And Other Big Stocks Moving Higher On Wednesday

Guidance

Nabors Sees Q3 2024 Capital Expenditures $190M-$200M With $80M-$85M For Newbuilds In Saudi Arabia

Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) reported quarterly losses of $(4.29) per share. The company reported quarterly sales of $742.979 million which beat the analyst consensus estimate of $739.250 million by 0.50 percent. This is a 4.60 percent decrease over sales of $778.810 million the same period last year.

Earnings

Earnings Beats

Nabors Industries Q2 2024 GAAP EPS $(4.29), Sales $742.979M Beat $739.250M Estimate

Nabors intends to use the net proceeds from this offering, along with cash on hand, to redeem all of its&nbsp;7.25%&nbsp;senior guaranteed notes due 2026. Any excess proceeds will be used for general corporate purposes, including, potentially, repayment of other outstanding indebtedness.&nbsp;

Reported Earlier, Nabors Industries Prices $550M Senior Guaranteed Notes Due 2031 At 8.875% Annual Interest

Nabors Industries Announces Preliminary Q2 2024 Operating Results; Revenue Approximately $735M, Adjusted EBITDA $218M, Adjusted Free Cash Flow Between $55M And $60M; International Expansion And Stable U.S. Activity Noted; Averaged 68.7 Rigs In Lower 48 With $15,598 Gross Margin Per Rig Day, 84.4 Rigs Internationally With $16,050 Gross Margin Per Rig Day; Full Results To Be Released July 23, 2024, With Earnings Call On July 24, 2024

Citigroup analyst Scott Gruber maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Buy and lowers the price target from $95 to $91.

Citigroup Maintains Buy on Nabors Industries, Lowers Price Target to $91

Nabors Industries CFO William Restrepo Participates In J.P. Morgan Energy, Power & Renewables Conference; Confirms Strong Activity And Financial Results In International And U.S. Drilling Segments; Highlights Positive Outlook For Drilling Solutions And Maintains 2024 Capital Expenditures Estimate Of $590M

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Nabors Industries Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>)</h3>
<ul>
<li>On June 17, Nabors announced amendment and restatement of $475 million credit facility. The company's stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/NBR">52-week low </a>of $59.90.</li>
<li>RSI Value: 29.33</li>
<li>NBR Price Action: Shares of Nabors Industries rose 1.5% to close at $61.79 on Monday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061824&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest NBR's news.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="672" height="749" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033742/Screenshot-2024-06-18-at-1.07.35-PM.png" alt="" class="wp-image-392862" style="width:419px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033742/Screenshot-2024-06-18-at-1.07.35-PM.png 672w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033742/Screenshot-2024-06-18-at-1.07.35-PM-269x300.png 269w" sizes="(max-width: 672px) 100vw, 672px" /></a></figure>
<h3 class="wp-block-heading">Delek US Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DK#NYSE">DK</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On June 14, Piper Sandler analyst Ryan Todd maintained Delek US Hldgs with a Neutral and lowered the price target from $30 to $25. The company's stock fell around 15% over the past month. It <a href="https://www.benzinga.com/quote/DK">has a 52-week low</a> of $21.68.</li>
<li>RSI Value: 25.02</li>
<li>DK Price Action: Shares of Delek US Holdings fell 0.5% to close at $23.96 on Monday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061824&amp;t=be2bearmibe3na1">trend in DK&#8217;s stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="687" height="751" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033840/Screenshot-2024-06-18-at-1.08.34-PM.png" alt="" class="wp-image-392864" style="width:446px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033840/Screenshot-2024-06-18-at-1.08.34-PM.png 687w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033840/Screenshot-2024-06-18-at-1.08.34-PM-274x300.png 274w" sizes="(max-width: 687px) 100vw, 687px" /></a></figure>
<h3 class="wp-block-heading">Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>)</h3>
<ul>
<li>A federal judge has dismissed Exxon Mobil's lawsuit against activist shareholder Arjuna Capital over a climate proposal. The company's stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/XOM">low of $95.77</a>.</li>
<li>RSI Value: 29.21</li>
<li>XOM Price Action: Shares of Exxon Mobil fell 0.7% to close at $108.36 on Monday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061824&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in XOM&#8217;s shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="662" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033957/Screenshot-2024-06-18-at-1.09.52-PM.png" alt="" class="wp-image-392865" style="width:392px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033957/Screenshot-2024-06-18-at-1.09.52-PM.png 662w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/18033957/Screenshot-2024-06-18-at-1.09.52-PM-267x300.png 267w" sizes="(max-width: 662px) 100vw, 662px" /></a></figure>
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Shares of several oil & gas companies are trading lower following an OPEC+ meeting in which members said they would start phasing out voluntary production cuts in October.

Vista Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIST#NYSE">VIST</a>) and Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) announced today the official signing of the contract to add a third drilling rig, aiming to accelerate Vista´s development of Vaca Muerta in southern Argentina.
The signing occurred at Nabors' offices in Houston, with the participation of Juan Garoby, Co-founder and COO of Vista, Pablo Vera Pinto, Co-founder and CFO of Vista, Anthony Petrello, Chairman, CEO and President of Nabors, and William Restrepo, CFO of Nabors.
Juan Garoby, COO of Vista said: "The addition of a third drilling rig will provide us flexibility to accelerate our activity plan in Vaca Muerta. We forecast to put into production between four to eight wells by year-end, in addition to the 46 previously announced. We are pleased to carry out this project in collaboration with Nabors, which represents a significant extension of a strategic relationship during Vista´s early days, anchored in our One Team program."
Anthony G. Petrello, Chairman, CEO and President of Nabors said: "By expanding our relationship with Vista and deploying advanced technology, we are enhancing operational excellence while increasing our commitment to a region that we consider to be a world-class resource. We want to thank the Vista team for their leadership and early adoption of technology, which sets a high standard for advancement and performance in Argentina."
Nabors will deploy a high-spec rig with cutting-edge technologies. It is scheduled to commence operations in the second half of 2024. In support of Vista's plan to reduce the carbon footprint of Vaca Muerta operations, there is potential to electrify this equipment.
Earlier this year, using Nabors provided technology, Vista electrified the first drilling rig in Vaca Muerta, Nabors PACE&#xAE; F24, which is entirely powered by renewable energy.

Contracts

Global

Vista And Nabors To Deploy Third Drilling Rig, Aiming To Accelerate Vista's Development Of Vaca Muerta In Southern Argentina

Susquehanna analyst Charles Minervino maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Neutral and lowers the price target from $88 to $79.

Susquehanna Maintains Neutral on Nabors Industries, Lowers Price Target to $79

Benchmark analyst Kurt Hallead reiterates Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Hold.

Benchmark Reiterates Hold on Nabors Industries

Earnings Misses

Nabors Industries Q1 2024 GAAP EPS $(4.54), Sales $734.000M Beat $728.893M Estimate

Susquehanna analyst Charles Minervino maintains Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Neutral and maintains $88 price target.

Susquehanna Maintains Neutral on Nabors Industries, Maintains $88 Price Target

Susquehanna analyst Charles Minervino reiterates Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Neutral and maintains $88 price target.

Susquehanna Reiterates Neutral on Nabors Industries, Maintains $88 Price Target

Nabors Industries Ltd. (NBR) Q2 2024 Earnings Call Transcript

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Nabors Industries (NBR – Research Report), Energy Tran...

Analysts Offer Insights on Energy Companies: Nabors Industries (NBR), Energy Transfer (ET) and Matador Resources (MTDR)

In a report released today, Kurt Hallead from Benchmark Co. maintained a Hold rating on Nabors Industries (NBR – Research Report). The company's sh...

Benchmark Co. Remains a Hold on Nabors Industries (NBR)

Crude oil extends losses on China demand concerns, Gaza ceasefire hopes

In a report released today, Daniel Kutz from Morgan Stanley maintained a Buy rating on Nabors Industries (NBR – Research Report), with a price targ...

Morgan Stanley Reaffirms Their Buy Rating on Nabors Industries (NBR)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In just a few months Americans will elect the next president of the United States. As it stands today, Vice President Kamala Harris is polling <a href="https://www.reuters.com/world/us/harris-trump-locked-tight-us-presidential-race-reutersipsos-poll-finds-2024-07-30/">slightly ahead</a> of Former President Donald Trump with a slim 1% lead. That could change very quickly as past election cycles have shown. Furthermore, there is a 3.5% margin of error in that polling. Suffice it to say, Trump still has an excellent chance of being reelected and if he is, the stock market will change dramatically.



If Trump is reelected in November expect traditional industries to thrive. There will be a strong bias toward the traditional energy sector and away from greener alternatives. Likewise, the defense sector should thrive as well as Trump and the Republicans are likely to bolster the defense budget. Investors should also expect heightened mergers and acquisitions activity under Republicans.



Investors interested in understanding how the various S&amp;P 500 sectors have performed under each Administration over the last several decades should <a href="https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/how-sectors-perform-under-republicans-vs-democrats/">refer to this chart</a>.



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/xom-stock-5-300x169.jpg" alt="XOM Stock Is on the Way Back, but It Will Take Some Time"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Regardless of who wins the presidency, Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) is a strong choice among <a href="https://investorplace.com/industries/energy/">energy stocks</a>.&nbsp; I&rsquo;ll start this explanation by noting that Exxon Mobil is simply a well-run company. Investors could choose any of a number of metrics to suggest that the company has and will continue to have strengths over its competitors. I always like to refer to the company&rsquo;s ability to <a href="https://www.gurufocus.com/term/roic/XOM">drive returns on its invested capital</a>. To me that suggests that ExxonMobil should continue to create profits and reward shareholders. 



It&rsquo;s also no secret that Republican administrations favor energy stocks and that they tend to receive a lot of attention under Republicans. If Trump is successful in November expect a renewed focus on traditional energy and strong pressure on subsidies for renewable energy.



Trump plans to <a href="https://www.brookings.edu/articles/trump-has-big-plans-for-climate-and-energy-policy-but-can-he-implement-them/#:~:text=Some%20of%20Trump's%20specific%20proposals,oil%20and%20natural%20gas%20production.">increase domestic drilling and refill the strategic petroleum reserve</a> if elected. That will directly benefit Exxon Mobil and several other energy firms.&nbsp;



<h2>Palantir (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/pltr1600-300x169.png" alt="Palantir Technologies (PLTR) logo seen on billboard, known as Palantir is a public American company that specializes in big data analytics."><div>Source: Poetra.RH / Shutterstock.com</div></div>Palantir (NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/">PLTR</a>) is likely to be among the best <a href="https://investorplace.com/industries/technology/">tech stocks</a> to pick up in a Trump administration. In fact, tech stocks should generally fare well under Trump, especially big tech. Republicans are big proponents of smaller government and thus less regulation. That should ease some of the pressure on big tech firms which face heavier scrutiny under Democratic administrations.



Palantir is a unique tech firm that has grown impressively over the last few years. It quickly reached profitability and remains profitable today. It&rsquo;s also a highly right leaning firm in many regards. Palantir derives a significant portion of its revenues from the government and big defense. Government revenues still <a href="https://investors.palantir.com/news-details/2024/Palantir-Reports-Revenue-Growth-of-21-Year-Over-Year-and-Sixth-Consecutive-Quarter-of-GAAP-Profitability-GAAP-EPS-of-0.04-in-Q1-2024/">account for the largest chunk of Palantir&rsquo;s sales</a> though the gap is quickly narrowing. Defense budgets should grow under a Trump administration, directly improving Palantir&rsquo;s prospects in the process.



Furthermore, Palantir is a strong investment overall. The company is quickly becoming an enterprise AI competitor worth noting. Commercial revenues are growing very quickly which is testament to the firm&rsquo;s ability to satisfy private side demand with its AI-driven analytics platforms.&nbsp;



<h2>Nabors Industries (NBR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/nbr-stock-1-300x169.jpg" alt="NBR stock"><div>Source: Novikov Aleksey / Shutterstock.com</div></div>Nabors Industries (NYSE:<a href="https://investorplace.com/stock-quotes/nbr-stock-quote/">NBR</a>) is a drilling company providing onshore and offshore services to energy companies. it is very well positioned should Trump win.



Trump is on record saying that he will increase domestic oil production and refill the strategic petroleum reserve. He also plans to end President Joe Biden&rsquo;s delays of federal drilling permits and leases on federal lands to boost oil and natural gas production.



In short, the entire drilling services sector is widely expected to thrive under Trump. Nabors Industries is falling at the moment but has <a href="https://stockanalysis.com/stocks/nbr/forecast/">massive upside potential</a>. The firm anticipates a swift reversal in earnings between 2024 and 2025. That alone should be appealing to investors. Furthermore, should Trump win it is likely that those earnings in 2025 will be even stronger.



The company noted in its most recent <a href="https://www.prnewswire.com/news-releases/nabors-announces-second-quarter-2024-results-302204506.html">earnings report</a> that large operators in the Permian Basin have begun to adopt its rigs. Meanwhile, international operators including Kuwaiti Oil Company have also awarded Nabors Industries multiyear contracts.&nbsp;



<h2>Lockheed Martin (LMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/lockheed_martin_lmt_c130j_1600-300x169.png" alt="A Lockheed Martin (LMT) C-130J Super Hercules of the United States Air Force performing at Aero India 2017."><div>Source: Joe Ravi / Shutterstock.com</div></div>Lockheed Martin (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/">LMT</a>) stock should fare well under Trump 2.0 according to recent information. The defense giant serves the&nbsp; military that is expected to expand if Trump is successful in his second bid at office.&nbsp;



Christopher Miller is the current Favorite to serve as the Secretary of Defense under Trump. <a href="https://www.thenation.com/article/society/project-2025-military-pentagon-spending/">Miller has called for an expansion</a> of the Army, Navy, Air Force and Space Force and an increase in spending for nuclear weapons, missile defense and offensive weapons in space. It is expected that Miller&rsquo;s plans would add hundreds of billions to the defense budget which brings us to Lockheed Martin.



As one of the largest Beltway defense contractors, Lockheed Martin is well positioned to thrive in such an environment. Expect those increases to be funneled into the largest defense firms which are listed <a href="https://companiesmarketcap.com/eur/defense-contractors/largest-companies-by-market-cap/">here by market capitalization</a>. Lockheed Martin is amongst the biggest and it should therefore be expected to receive a large influx of funding.



<h2>Caterpillar (CAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cat-stock-7-300x169.jpg" alt="A Caterpillar backhoe at the top of a hill"><div>Source: aapsky / Shutterstock.com</div></div><a href="https://investorplace.com/industries/industrial/">Industrial stocks</a> including Caterpillar (NYSE:<a href="https://investorplace.com/stock-quotes/cat-stock-quote/">CAT</a>) performed well under the first Trump administration. During his first four years industrial stocks <a href="https://www.reuters.com/markets/us/after-trial-investors-weigh-trump-20-factor-election-looms-2024-06-03/">appreciated by 38%</a>.&nbsp;



Trump&rsquo;s policies on infrastructure are somewhat paradoxical. Republicans and Democrats agree that the nation&rsquo;s crumbling infrastructure must be addressed. However, Trump generally seeks to reduce taxes that provide the funding base for the majority of infrastructure improvements. Trump&rsquo;s fund to stimulate infrastructure build out ultimately failed during his first administration <a href="https://www.brookings.edu/articles/is-the-trump-administration-a-friend-or-foe-of-americas-infrastructure/">per his admission</a>. It&rsquo;s safe to assume that should Trump be reelected he will be looking to improve on his infrastructure record.&nbsp;



The long and short of it is that Americans understand our infrastructure needs to be addressed. A new administration would renew hope that an infrastructure boom will materialize. that favors Caterpillar and other large industrial firms that would sell more equipment in such a situation. Investors should also note that Caterpillar continues to steadily increase its earnings which provides reason to invest in the stock in general.



<h2>JPMorgan Chase (JPM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/jpmorgan-jpm-1600-300x169.jpg" alt="Chase Bank logo and storefront"><div>Source: Daryl L / Shutterstock.com</div></div>JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) and other well-funded financial firms are well positioned to thrive under Trump. One of the primary reasons to believe so is that Trump will seek to knock down regulations that temper growth prospects for such firms and their respective stocks.



&nbsp;JPMorgan Chase and other financial firms will benefit from a relaxation of M&amp;A regulations. UBS Group (NYSE:<a href="https://investorplace.com/stock-quotes/ubs-stock-quote/">UBS</a>) notes that &ldquo;the prospect of less stringent capital and liquidity rules and easing financial regulation&rdquo; under Trump will serve as a potent catalyst for financial firms that have been hampered under Biden.&nbsp;



Couple that with the potential for as many as three rate cuts at the tail end of 2024 and financial firms, especially large ones, will be set to thrive as Trump enters office in early 2025.



JPMorgan Chase is the largest American bank and it&rsquo;s very clear that the company could further consolidate its leading position under Trump.&nbsp;



<h2>Kroger (KR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/kroger-kr1600-300x169.png" alt="Kroger (KR) Supermarket. The Kroger Co. is One of the World's Largest Grocery Retailers."><div>Source: Eric Glenn / Shutterstock.com</div></div>Kroger (NYSE:<a href="https://investorplace.com/stock-quotes/kr-stock-quote/">KR</a>) is another company to watch as it relates to the easing of business regulations. The stock has been negatively affected by The Federal Trade Commission which sued Kroger to stop its planned acquisition of Albertsons (NYSE:<a href="https://investorplace.com/stock-quotes/aci-stock-quote/">ACI</a>) in February.&nbsp;



Unions representing grocery workers are leading the charge against Kroger. They claim that the merger would harm workers, suppliers, shoppers and communities. If the acquisition is allowed to happen Kroger will effectively control <a href="https://www.usatoday.com/story/money/2024/07/09/kroger-albertsons-merger-stores-sold-cs-wholesale-list/74346928007/">20% of the U.S. grocery market</a> and employ one out of every six grocery laborers.



Regardless, Trump is pro big business and anti-regulation. That drastically increases the odds that the merger would be allowed to take place. Frankly speaking, I question some of the logic offered by the unions and that of the Federal Trade commission. Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>) <a href="https://www.statista.com/statistics/1450393/leading-grocery-store-by-market-share-us/#:~:text=U.S.%3A%20leading%20grocers%202022%2C%20by%20market%20share&amp;text=Walmart%20held%20the%20top%20position,at%20just%20over%20seven%20percent.">controlled 25%</a> of the U.S. grocery market in 2022, higher than that which would occur under the proposed Kroger-Albertsons merger. Either do something to reduce Walmart&rsquo;s monopoly or allow the proposed merger to go forward.&nbsp;



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/7-stocks-that-will-win-big-if-trump-wins-bigly/">7 Stocks That Will Win Big If Trump Wins &#8216;Bigly&#8217;</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stocks That Will Win Big If Trump Wins 'Bigly'

Barclays analyst Derek Podhaizer maintained a Hold rating on Nabors Industries (NBR – Research Report) today and set a price target of $110.00. The...

Barclays Keeps Their Hold Rating on Nabors Industries (NBR)

Warning: NBR is at high risk of performing badly

BofA latest to cut oil price view on weak demand, limiting OPEC's ability to boost output

Nabors cut at Citi on limited near-term free cash flow; Patterson-UTI preferred

ATLX

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DRIP

EOSE

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KLXE

KOLD

METC

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PESI

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SGML

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Commodities

Press Releases

Nabors Announces Amendment and Restatement of $475 Million Credit Facility

Nabors Announces Second Quarter 2024 Update

Nabors Industries Ltd. 2nd Quarter 2024 Earnings Conference Call Invitation

Nabors Announces Preliminary Operating Results for the Quarter Ended June 30, 2024

Offerings

Nabors Announces Offering of Senior Guaranteed Notes

Nabors Prices $550 Million Senior Guaranteed Notes Offering

Nabors Announces Second Quarter 2024 Results

Nabors to Participate at Barclays Energy-Power Conference

Nabors to Participate at Pareto Securities' 31st Annual Energy Conference

Nabors Industries Ltd. 3rd Quarter 2024 Earnings Conference Call Invitation

Borr Drilling

Helmerich & Payne

Noble Corp

Patterson-UTI Energy, Inc. - Common Stock

Patterson-UTI Energy

Seadrill

Valaris

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Morgan Stanley

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Nabors Industries (NBR) Forecast

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