How to Buy Nabors Industries Stock
Nabors Industries Ltd
Nabors Industries is a oil & gas drilling company located in Bermuda, which is part of the Energy sector, and is traded under the ticker NBR on the NYSE exchange.
Nabors Industries stock last closed at $74.23, up 5.5% from the previous day, and has decreased 19.89% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.35 percentage points. Nabors Industries stock is currently +5.67% from its 52-week low of $70.25, and -47.53% from its 52-week high of $141.47.
As of May 3, 2024, there are 9.54M NBR shares outstanding. The market capitalization of NBR is $708.17M. In the past 24 hours, 187,111 NBR shares were traded.
How to Buy Nabors Industries Stock
Not sure how to invest in Nabors Industries stock? Here's how.
- Choose where to buy Nabors Industries stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Nabors Industries stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Research Nabors Industries stock: The Nabors Industries ticker symbol is NBR. Is Nabors Industries stock a good investment? Should you buy shares of NBR? How do NBR's underlying business fundamentals look? Do top analysts think Nabors Industries is a good buy? Why has NBR's stock price moved recently? (Hint: Our stock market research website can help you figure out if NBR is a good stock to buy).
- Make your NBR trade: Decide if you will purchase NBR shares at the current market price or use a limit order to buy NBR shares at a given price.
- Keep tabs on your investment in NBR: Create a watchlist to keep tabs on your investment in Nabors Industries shares.
Step 1: Choose where to buy Nabors Industries stock
You need a brokerage account in order to access the NYSE market and buy NBR shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Energy, New York to Shanghai — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can buy NBR stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on the highest rated app to buy and sell stocks, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing funds into your brokerage account.
Step 4: Research Nabors Industries stock
After you have selected the best place to buy Nabors Industries stock, it's important to evaluate their stock before you buy, so you actually wrap your head around the risk and opportunity.
Nabors Industries shares at a glance
Nabors Industries Zen Score
WallStreetZen was built to help average investors do better fundamental analysis.
You can see all of the due diligence checks on NBR's stock page.
What is the fair value of NBR stock?
Investors use many financial metrics, analyses, models, and charts to gauge NBR's intrinsic value.
Using relative valuations measures:
- NBR could be overvalued based on its P/B ratio of 2.47x, relative to Oil & Gas Drilling industry P/B ratio of 0.97x
You can access additional valuation analysis on NBR's stock here.
NBR Financial Health
Positive Health Checks:
- NBR profit margin has gone up from -4% to -3.2% in the past year.
- NBR's operating cash flow of $591.05M allows it to safely service it's debt of $2.52B.
- There are more short-term assets than short-term liabilities on the NBR balance sheet.
Negative Health Checks:
- Total NBR debt is higher than 5 years ago, relative to shareholder equity.
- NBR earnings of $167.43M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NBR balance sheet.
- NBR has a relatively high debt to equity ratio of 11.78.
Is it a good time to buy Nabors Industries stock, according to Wall Street analysts?
Out of 2 Equities analysts who give recommendations on NBR, the consensus analyst rating on Nabors Industries is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Nabors Industries stock forecast page.
Metrics for Advanced NBR Traders
How is NBR performing as a company?
Last year, NBR revenue was $3.00B. Over the past 5 year, NBR's revenue has grown by -0.77% per year. This was slower than the Oil & Gas Drilling industry average of 33.36%.
Find out more about NBR's earnings and revenue performance here.
What are NBR insiders up to?
In the past 12 months, insiders at NBR have sold more shares than they have bought.
Anthony G. Petrello, CHAIRMAN PRESIDENT CEO of NBR, was the latest NBR insider to sell. They sold $586,396.72 worth of NBR shares on Jan 2, 2024.
Get more info about who owns NBR shares here.
Does NBR provide a stable income stream?
No, Nabors Industries doesn't provide an income stream by paying out dividends.
What do other investors have to say about NBR?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your NBR trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you need additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in NBR
Now that you own some NBR shares, you'll want to stay up-to-date on your investment.
Make a watchlist to track the latest developments regarding your NBR stock.
NBR Feed
How to Buy Stock in Nabors Industries
To reiterate, here are the 6 steps you need to take to buy Nabors Industries stock right now:
- Choose where to buy Nabors Industries stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Research Nabors Industries stock
- Make your NBR trade
- Keep tabs on your investment in NBR
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Nabors Industries, click the button below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.