NBR stock rises sharply amid Middle East tensions and sector tailwinds, drawing attention from major investment firms.
Nabors Industries Ltd. (NBR) shares have climbed 140% over the past year and 48% year-to-date, driven by increased oil drilling activity and geopolitical tensions. The stock benefited from Middle East hostilities disrupting oil supplies, though it dipped 13.9% briefly in June after U.S.-Iran tensions eased.
RBC Capital maintained a Hold rating with a $200 price target in July, while Barclays upgraded NBR to Equalweight in May, raising its target to $99 from $65. Barclays cited the energy services sector’s strongest position in two decades as a key factor.
The stock’s performance reflects broader sector trends, with investors weighing its potential against risks in the energy market.