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What smart money is saying about Nabors Industries Ltd.

NBR · Energy · Oil & Gas Drilling · Market cap $807M

2 funds in our archive have pitched Nabors Industries Ltd., most recently Miller Deep Value in December 2025.

Company profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers REVit, an automated real time stick-slip mitigation system; ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. As of December 31, 2021, the company marketed approximately 301 rigs for land-based drilling operations in the United States, Canada, and in 20 other countries worldwide; and 29 rigs for offshore platform drilling operations in the United States and internationally. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

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Summarize with Warren AI
1
Reported positions
0
Bought
0
Sold
2
Letters

Position history

Between Q2 2025 and Q4 2025, 1 fund letter reported a position in Nabors Industries Ltd., with no move described.

Fund letters reporting a position in Nabors Industries Ltd., by quarter
QuarterLettersBoughtSoldTheses
Q4 20251001
Q2 20250001

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 1 position

  • December 2025
    “During the quarter, the largest positive contributor was Nabors Industries (NBR), which was up 33%.”
    Nabors Industries Ltd.

Fund coverage · 2 theses

  • Miller Deep Value
    December 2025

    Nabors Industries is deleveraging rapidly with improving balance sheet strength, potential sub-3x forward EV/EBITDA, and very high free cash flow yield, positioning it for upside as rig demand and drilling solutions scale.

    Read the full thesis
  • Nabors is significantly undervalued, trading below one times forward cash flow, with strong potential for value creation through merger synergies and debt reduction.

    Read the full thesis

Read every full thesis on Nabors Industries Ltd.

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