Piper Sandler initiates coverage of Nabors Industries (NBR) stock with an “Underweight” rating due to a challenging backdrop for US land and oil prices influenced by tariffs. The analyst expects a persistent negative rate-of-change environment for the balance of 2025.

Nabors Industries Ltd. (NBR) completes the acquisition of Parker Wellbore, strengthening its portfolio with complementary businesses. The acquisition is expected to be immediately accretive to NBR’s 2025 FCF and improve leverage metrics, significantly expanding the company’s Drilling Solutions business.

Nabors Industries Ltd. (NBR) anticipates $130 million in incremental adjusted EBITDA for 2025 post-closing, with $40 million in cost synergies and $60 million capital expenditures for Parker in 2025. Miller Value Partners increased position sizes in NBR, viewing the shares as deep discounts to their long-term fundamental value.

Read more at Yahoo Finance: Piper Sandler Initiates Coverage of Nabors Industries (NBR) Stock with an Underweight Rating