Nabors Industries (NBR)
Market Price (2/10/2026): $70.42 | Market Cap: $992.8 MilSector: Energy | Industry: Oil & Gas Drilling
Nabors Industries (NBR)
Market Price (2/10/2026): $70.42Market Cap: $992.8 MilSector: EnergyIndustry: Oil & Gas Drilling
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18% | Trading close to highsDist 52W High is 0.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 195% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% | Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -125% | Stock price has recently run up significantly6M Rtn6 month market price return is 108% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Drilling Automation. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 68% | ||
| Key risksNBR key risks include [1] a substantial debt position, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Drilling Automation. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -125% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 195% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 108% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 68% |
| Key risksNBR key risks include [1] a substantial debt position, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Analyst Upgrades and Positive Revisions to Earnings Forecasts.
Several financial analysts upgraded Nabors Industries (NBR) stock and revised their earnings forecasts positively during this period. Notably, Piper Sandler upgraded NBR from an "underweight" to an "overweight" rating and increased its price objective from $32.00 to $65.00 in a research report dated December 18, 2025. Wall Street Zen also raised Nabors Industries from a "hold" to a "buy" rating on January 10, 2026. Additionally, Zacks Research revised multiple near-term EPS forecasts for 2026 and 2027, trimming expected losses and signalling an improving operating outlook for the company, which likely contributed to the positive stock movement.
2. Substantial Debt Reduction and Improved Financial Health.
Nabors Industries made significant progress in strengthening its balance sheet by reducing debt. On January 15, 2026, the company announced the full redemption of its outstanding 7.500% Senior Guaranteed Notes due 2028 and reported a fourth-quarter 2025 net debt reduction of approximately $366 million. This reduction brought Nabors' net debt down to $1.55 billion as of December 31, 2025, and represented the company's lowest net leverage ratio since 2008, enhancing its financial stability and investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 45.1% change in NBR stock from 10/31/2025 to 2/9/2026 was primarily driven by a 45.1% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.52 | 70.42 | 45.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,117 | 3,117 | 0.0% |
| Net Income Margin (%) | 7.1% | 7.1% | 0.0% |
| P/E Multiple | 3.1 | 4.5 | 45.1% |
| Shares Outstanding (Mil) | 14 | 14 | 0.0% |
| Cumulative Contribution | 45.1% |
Market Drivers
10/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| NBR | 45.1% | |
| Market (SPY) | 1.7% | 29.7% |
| Sector (XLE) | 21.7% | 52.9% |
Fundamental Drivers
The 102.5% change in NBR stock from 7/31/2025 to 2/9/2026 was primarily driven by a 156.8% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.78 | 70.42 | 102.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,933 | 3,117 | 6.3% |
| P/S Multiple | 0.1 | 0.3 | 156.8% |
| Shares Outstanding (Mil) | 10 | 14 | -25.8% |
| Cumulative Contribution | 102.5% |
Market Drivers
7/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| NBR | 102.5% | |
| Market (SPY) | 10.1% | 37.1% |
| Sector (XLE) | 24.1% | 54.2% |
Fundamental Drivers
The 23.1% change in NBR stock from 1/31/2025 to 2/9/2026 was primarily driven by a 76.8% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.22 | 70.42 | 23.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,926 | 3,117 | 6.5% |
| P/S Multiple | 0.2 | 0.3 | 76.8% |
| Shares Outstanding (Mil) | 9 | 14 | -34.7% |
| Cumulative Contribution | 23.1% |
Market Drivers
1/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| NBR | 23.1% | |
| Market (SPY) | 16.3% | 55.3% |
| Sector (XLE) | 25.4% | 71.7% |
Fundamental Drivers
The -60.3% change in NBR stock from 1/31/2023 to 2/9/2026 was primarily driven by a -51.9% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 177.54 | 70.42 | -60.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,437 | 3,117 | 27.9% |
| P/S Multiple | 0.7 | 0.3 | -51.9% |
| Shares Outstanding (Mil) | 9 | 14 | -35.5% |
| Cumulative Contribution | -60.3% |
Market Drivers
1/31/2023 to 2/9/2026| Return | Correlation | |
|---|---|---|
| NBR | -60.3% | |
| Market (SPY) | 77.1% | 41.9% |
| Sector (XLE) | 30.9% | 70.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NBR Return | 39% | 91% | -47% | -30% | -5% | 29% | 20% |
| Peers Return | 55% | 100% | -17% | -15% | 1% | 29% | 185% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| NBR Win Rate | 50% | 58% | 33% | 42% | 75% | 100% | |
| Peers Win Rate | 59% | 63% | 32% | 43% | 55% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NBR Max Drawdown | -2% | 0% | -50% | -37% | -57% | 0% | |
| Peers Max Drawdown | -4% | 0% | -32% | -24% | -35% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HP, PTEN, PDS, VAL, SLB. See NBR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/9/2026 (YTD)
How Low Can It Go
| Event | NBR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.5% | -25.4% |
| % Gain to Breakeven | 160.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -93.8% | -33.9% |
| % Gain to Breakeven | 1521.2% | 51.3% |
| Time to Breakeven | 720 days | 148 days |
| 2018 Correction | ||
| % Loss | -91.4% | -19.8% |
| % Gain to Breakeven | 1066.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -82.9% | -56.8% |
| % Gain to Breakeven | 485.5% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to HP, PTEN, PDS, VAL, SLB
In The Past
Nabors Industries's stock fell -61.5% during the 2022 Inflation Shock from a high on 4/18/2022. A -61.5% loss requires a 160.0% gain to breakeven.
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About Nabors Industries (NBR)
AI Analysis | Feedback
Nabors Industries is like the Caterpillar of the oil and gas drilling industry, providing and operating heavy, specialized equipment and services to extract energy resources.
Alternatively, think of it as the Siemens for oil well drilling automation and technology, bringing advanced industrial solutions to optimize drilling operations.
AI Analysis | Feedback
- Contract Drilling Services: Provides and operates a global fleet of land and offshore drilling rigs, along with associated crews and support, to drill oil and gas wells for exploration and production companies.
- Drilling Technologies & Automation: Delivers advanced drilling automation, software, and specialized services, including directional drilling guidance and real-time rig monitoring, to enhance drilling efficiency and wellbore placement.
- Rig Equipment Manufacturing & Services (Canrig): Manufactures and supplies a range of premium drilling equipment, such as top drives and rig instrumentation, and offers associated maintenance and support services through its Canrig subsidiary.
AI Analysis | Feedback
Nabors Industries (symbol: NBR) sells primarily to other companies in the oil and gas industry.
According to Nabors Industries' recent SEC filings (e.g., their 2023 10-K report), no single customer accounted for 10% or more of its consolidated operating revenues in 2023, 2022, or 2021. Therefore, it is not possible to list specific "major customer companies" with their symbols as no single entity meets a typical threshold for being designated as a major customer in financial reporting terms.
Instead, Nabors Industries serves a diverse customer base comprised of the following categories of companies:
- Major integrated oil and gas companies
- National oil companies (NOCs)
- Independent oil and gas exploration and production (E&P) companies
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- National Oilwell Varco (NYSE: NOV)
- Caterpillar Inc. (NYSE: CAT)
- Cummins Inc. (NYSE: CMI)
AI Analysis | Feedback
Anthony G. Petrello, Chairperson, President and Chief Executive Officer
Anthony G. Petrello joined Nabors Industries in 1991 and has served as President and Chief Operating Officer from 1991 to October 2011. He became the Chief Executive Officer in October 2011 and assumed the role of Chairman of the Board in June 2012. Prior to his tenure at Nabors, Mr. Petrello was with the law firm Baker & McKenzie from 1979 to 1991, where he was the Managing Partner of its New York office from 1986, specializing in international arbitration, taxation, and general corporate law. He serves as a director of Hilcorp Energy Company, one of the largest private exploration and production companies in the United States. Mr. Petrello is also a co-inventor on four patents related to drilling rig substructures.
Miguel Rodriguez, Chief Financial Officer
Miguel Rodriguez became the Chief Financial Officer of Nabors Industries, succeeding William Restrepo, with this transition announced in March 2025. Prior to this role, he was the Vice President Finance. Mr. Rodriguez has been a key member of Nabors' leadership team, contributing to the alignment of the company's cost and support structure during periods of transformation and industry cycles. He has also been increasingly involved in Nabors' capital markets transactions, banking relationships, and global tax organization.
Siggi Meissner, President, Global Drilling Operations & Energy Transition
Siggi Meissner serves as the President of Global Drilling Operations & Energy Transition at Nabors Industries. He has been in a leadership role for global drilling operations and engineering since approximately November 2016.
Jade Strong, Senior Vice President, Chief Administrative Officer
Jade Strong is the Senior Vice President and Chief Administrative Officer for Nabors Industries.
Subodh Saxena, Senior Vice President, Canrig and Nabors Drilling Solutions
Subodh Saxena holds the position of Senior Vice President for Canrig and Nabors Drilling Solutions.
AI Analysis | Feedback
The key risks for Nabors Industries (NBR) include:
- Fluctuations in Oil and Natural Gas Prices: Nabors Industries' business is highly dependent on the level of spending by oil and gas companies for exploration, development, and production activities. Consequently, significant and sustained increases or decreases in oil and natural gas prices could materially affect drilling activity, the demand for Nabors' services, and ultimately its revenues, cash flows, and profitability. Lower prices could also lead to contract renegotiations, suspensions, or terminations, and impact the fair market value of its rig fleet.
- High Debt and Financial Position: Nabors Industries has accumulated a substantial debt position, with its balance sheet identified as a significant risk to the business. The company faces challenges in managing and reducing its debt, partly due to low free cash flow conversion. Elevated capital expenditures also consume cash, limiting the company's ability to reduce debt or provide returns to shareholders.
- Declining U.S. Drilling Market and Intense Competition: The U.S. drilling market, particularly the Lower 48, is experiencing a decline and persistent pressure, characterized by reduced rig counts and contracted daily margins. Nabors operates in a highly competitive oilfield services industry with excess drilling capacity, which can adversely affect its market share, utilization rates, and dayrates, leading to limited pricing power.
AI Analysis | Feedback
The accelerating global transition to renewable energy sources and electrification represents a clear emerging threat. This fundamental shift reduces the long-term demand for crude oil and natural gas, the primary commodities extracted using Nabors' drilling services. This systemic reduction in demand for fossil fuels threatens the core business model of companies dependent on hydrocarbon extraction, akin to how streaming services like Netflix fundamentally eroded the demand for physical video rentals and threatened Blockbuster's business.
AI Analysis | Feedback
Nabors Industries (symbol: NBR) operates in several key markets within the oil and gas industry, offering a range of products and services.
Addressable Markets for Nabors Industries' Main Products and Services:
-
Drilling Rigs and Services (Land & Offshore): Nabors operates one of the world's largest land-based drilling rig fleets and provides offshore platform workover and drilling rigs.
- The global drilling rig market was estimated at USD 83.58 billion in 2024 and is projected to reach USD 138.61 billion by 2033, growing at a CAGR of 6.0%.
- North America dominated the drilling rig market with a 38.5% revenue share in 2024.
- The global offshore drilling rigs market was valued at USD 95.79 billion in 2025 and is expected to reach USD 193.78 billion by 2035, registering a CAGR of approximately 7.3%.
- The North America offshore drilling rigs market is projected to capture a 35% share by 2035.
- The global oil and gas wells drilling services market was valued at USD 50.21 billion in 2024 and is projected to grow to USD 51.76 billion in 2025.
- North America was the largest region in the oil and gas wells drilling services market in 2024.
-
Downhole Tools & Services: This includes performance tools, directional drilling services, and tubular running services.
- The global downhole tools market size was valued at USD 4.81 billion in 2024 and is estimated to grow to USD 7.61 billion by 2033, with a CAGR of 5.76% from 2025.
- North America leads the global downhole tools market, accounting for approximately 45% of the global share.
- The global directional drilling services market size was USD 12.4 billion in 2024 and is projected to grow to USD 22.0 billion by 2034, at a CAGR of 5.9%.
- North America led the directional drilling services market with a 47.4% share of USD 5.8 billion in 2024.
-
Rig Equipment, Automation, and Instrumentation: Nabors manufactures and sells top drives, catwalks, wrenches, drawworks, and provides rig automation systems and drilling instrumentation.
- The global oil and gas drilling automation market reached US$ 1.9 billion in 2022 and is projected to grow to US$ 5.1 billion by 2030, registering a CAGR of 10.2%.
- The global oil and gas instrumentation market was valued at approximately USD 22.1 billion in 2023 and is projected to reach USD 40.5 billion by 2033, growing at a CAGR of 6.4% from 2025 to 2033.
- North America accounted for USD 9.5 billion of the oil and gas instrumentation market in 2024 and was the largest regional market.
-
Drilling Software: Nabors provides proprietary drilling software and technology that optimizes drilling performance.
- The global Oil & Gas Software Market size was valued at USD 10.8 billion in 2024 and is expected to reach USD 24.5 billion by 2033, exhibiting a CAGR of about 9.2% over the forecast period 2025-2033.
- North America's oil and gas software market size was valued at USD 1.1 billion in 2023 and is expected to reach USD 2.4 billion by 2032.
AI Analysis | Feedback
Nabors Industries (NBR) anticipates several key drivers for its future revenue growth over the next two to three years:
-
International Expansion and Growth, particularly through the SANAD Joint Venture: Nabors expects significant revenue growth from its expanding international operations, with a strong focus on regions such as the Middle East & North Africa (MENA), Latin America, and Asia. The SANAD joint venture in Saudi Arabia is a major contributor, with a long-term plan to deploy 50 newbuild rigs over ten years, each expected to generate substantial annual revenue with above-average margins.
-
Strategic Acquisitions and Synergies, specifically the integration of Parker Wellbore: The acquisition and ongoing integration of Parker Wellbore are projected to accelerate Nabors' strategy, especially within its Drilling Solutions segment. This acquisition is expected to enhance advanced technology solutions for clients globally and generate an estimated $40 million in cost synergies in 2025, and over $60 million in 2026, contributing to increased profitability.
-
Advancement and Adoption of Drilling Solutions and Rig Technologies: The company is intensifying its investment in technology and innovation, focusing on automation and enhanced software systems. This drive to improve and expand its Drilling Solutions and Rig Technologies offerings is expected to lead to higher margins, increased efficiencies, and broader applications for Nabors' services, particularly in international markets where Drilling Solutions revenue has nearly tripled since 2018.
-
Recovery in U.S. Lower 48 Drilling Activity and Stable High-Performance Rig Pricing: Despite recent moderating demand, Nabors anticipates an improvement in U.S. Lower 48 drilling activity in 2025. The market for high-performance rigs continues to support stable leading-edge pricing and attractive daily rig margins, which are expected to contribute to revenue growth as activity levels recover.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- In the second quarter of 2025, Nabors repurchased approximately $14 million face value of notes at a significant discount.
- The company anticipates generating free cash flow in 2025 to further reduce its debt.
Share Issuance
- Nabors shareholders approved the issuance of shares to Parker Wellbore stockholders as part of the merger between Parker and Nabors, which closed in the first quarter of 2025.
- As of February 7, 2025, Nabors had 10,764,937 common shares outstanding, with an additional 489,629 shares reserved for stock option and employee benefit plans and 3,937,641 shares reserved for warrant exercises.
- The number of shares outstanding increased by 40.18% in the year leading up to a November 2025 update.
Outbound Investments
- In March 2025, Nabors completed the acquisition of Parker Wellbore, enhancing its portfolio with tubular rental operations (Quail Tools), casing running services, and ten drilling rigs.
- During the third quarter of 2025, Nabors divested Quail Tools for a transaction consideration of $625 million, resulting in a $314 million after-tax gain and contributing to a reduction of net debt to approximately $1.67 billion.
- In December 2023, Nabors Energy Transition Corp. (NETC) completed a business combination with Vast Solar Pty. Ltd., leading to Nabors holding a significant non-controlling equity investment in the concentrated solar thermal power company.
Capital Expenditures
- Nabors projects full-year capital expenditures for 2025 to be between $770 million and $780 million, with $360 million allocated to SANAD newbuilds and $60 million for Parker operations.
- The company's annual capital spending for 2024 was forecast at $600 million, including $230 million related to SANAD newbuilds.
- Full-year capital expenditures in 2023 totaled $382 million, with $91 million directed towards SANAD newbuilds.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 60.48 |
| Mkt Cap | 3.4 |
| Rev LTM | 3,601 |
| Op Inc LTM | 224 |
| FCF LTM | 229 |
| FCF 3Y Avg | 253 |
| CFO LTM | 597 |
| CFO 3Y Avg | 654 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.5% |
| Rev Chg 3Y Avg | 11.0% |
| Rev Chg Q | 0.9% |
| QoQ Delta Rev Chg LTM | 0.3% |
| Op Mgn LTM | 9.0% |
| Op Mgn 3Y Avg | 12.1% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 18.7% |
| CFO/Rev 3Y Avg | 21.3% |
| FCF/Rev LTM | 8.2% |
| FCF/Rev 3Y Avg | 8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.4 |
| P/S | 0.8 |
| P/EBIT | 3.9 |
| P/E | 9.7 |
| P/CFO | 5.0 |
| Total Yield | 5.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 7.6% |
| D/E | 0.5 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 20.2% |
| 3M Rtn | 40.7% |
| 6M Rtn | 73.1% |
| 12M Rtn | 37.4% |
| 3Y Rtn | -7.1% |
| 1M Excs Rtn | 17.2% |
| 3M Excs Rtn | 39.1% |
| 6M Excs Rtn | 62.4% |
| 12M Excs Rtn | 17.7% |
| 3Y Excs Rtn | -70.0% |
Comparison Analyses
Price Behavior
| Market Price | $70.42 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 02/28/1991 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $59.13 | $42.09 |
| DMA Trend | up | up |
| Distance from DMA | 19.1% | 67.3% |
| 3M | 1YR | |
| Volatility | 50.3% | 75.3% |
| Downside Capture | 9.37 | 175.63 |
| Upside Capture | 178.01 | 179.95 |
| Correlation (SPY) | 28.8% | 55.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.93 | 1.57 | 1.36 | 1.94 | 2.18 | 1.73 |
| Up Beta | 6.61 | 3.45 | 1.74 | 2.60 | 1.86 | 1.66 |
| Down Beta | 0.72 | 0.92 | 1.20 | 2.29 | 3.13 | 2.40 |
| Up Capture | 194% | 319% | 256% | 328% | 268% | 118% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 26 | 35 | 66 | 128 | 351 |
| Down Capture | -323% | 23% | 47% | 70% | 139% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 15 | 26 | 59 | 122 | 398 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NBR | |
|---|---|---|---|---|
| NBR | 28.1% | 75.4% | 0.65 | - |
| Sector ETF (XLE) | 24.2% | 25.2% | 0.82 | 71.6% |
| Equity (SPY) | 15.5% | 19.4% | 0.62 | 55.7% |
| Gold (GLD) | 78.8% | 24.9% | 2.30 | 6.9% |
| Commodities (DBC) | 9.9% | 16.6% | 0.40 | 51.4% |
| Real Estate (VNQ) | 4.8% | 16.5% | 0.11 | 39.2% |
| Bitcoin (BTCUSD) | -27.0% | 44.8% | -0.57 | 22.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NBR | |
|---|---|---|---|---|
| NBR | -0.7% | 69.7% | 0.29 | - |
| Sector ETF (XLE) | 26.3% | 26.5% | 0.88 | 74.0% |
| Equity (SPY) | 14.2% | 17.0% | 0.67 | 38.8% |
| Gold (GLD) | 22.3% | 16.9% | 1.07 | 13.9% |
| Commodities (DBC) | 11.6% | 18.9% | 0.49 | 54.3% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 28.3% |
| Bitcoin (BTCUSD) | 14.7% | 58.0% | 0.47 | 18.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NBR | |
|---|---|---|---|---|
| NBR | -13.2% | 82.5% | 0.21 | - |
| Sector ETF (XLE) | 10.8% | 29.6% | 0.40 | 65.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 39.9% |
| Gold (GLD) | 15.8% | 15.5% | 0.85 | 5.7% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 48.6% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 29.1% |
| Bitcoin (BTCUSD) | 69.0% | 66.8% | 1.08 | 11.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/15/2026 | |||
| 10/28/2025 | 10.2% | 9.8% | 5.7% |
| 7/29/2025 | 2.2% | 1.6% | 8.2% |
| 4/29/2025 | -7.0% | -8.7% | -8.5% |
| 2/13/2025 | -7.1% | -13.9% | -18.6% |
| 10/22/2024 | -1.8% | 2.5% | 1.6% |
| 7/17/2024 | 4.3% | -5.2% | -3.1% |
| 4/25/2024 | 1.3% | -7.7% | -4.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 10 |
| # Negative | 10 | 12 | 13 |
| Median Positive | 5.5% | 11.2% | 6.9% |
| Median Negative | -4.8% | -8.2% | -11.4% |
| Max Positive | 22.4% | 30.7% | 427.9% |
| Max Negative | -13.1% | -16.8% | -30.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Varde, Partners Inc | See footnotes | Sell | 9152025 | 41.04 | 312,378 | 12,819,603 | 57,702,618 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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