tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nabors Industries Amends Receivables Purchase Agreements

Story Highlights
  • Nabors Industries focuses on drilling and rig services in the oil and gas industry.
  • Amendments to financial agreements were made to include new originators without increasing the facility limit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nabors Industries Amends Receivables Purchase Agreements

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Nabors Industries ( (NBR) ) has issued an announcement.

On August 29, 2025, Nabors Industries, Inc. and its subsidiaries, along with Wells Fargo Bank and other parties, executed amendments to their existing Receivables Purchase and Sale Agreements, originally dated September 13, 2019. These amendments, including the addition of Parker Drilling Company subsidiaries as originators, aim to enhance the company’s financial agreements without increasing the facility limit of $250 million, while also updating indemnification obligations.

The most recent analyst rating on (NBR) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.

Spark’s Take on NBR Stock

According to Spark, TipRanks’ AI Analyst, NBR is a Neutral.

Nabors Industries’ overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative profitability. While technical indicators show some positive momentum, valuation concerns persist due to a negative P/E ratio. The earnings call and recent corporate events provide some optimism, highlighting strategic initiatives and debt reduction efforts.

To see Spark’s full report on NBR stock, click here.

More about Nabors Industries

Nabors Industries Ltd. is a Bermuda-based company operating in the oil and gas industry, primarily focusing on drilling and rig services.

Average Trading Volume: 546,264

Technical Sentiment Signal: Sell

Current Market Cap: $586.7M

For an in-depth examination of NBR stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1