Nabors Industries (NBR) Gets Double Upgrade from Analyst

The share price of Nabors Industries Ltd. (NYSE:NBR) surged by 2.74% between December 22 and December 29, 2025, putting it among the Energy Stocks that Gained the Most This Week.

With operations in approximately 20 countries, Nabors Industries Ltd. (NYSE:NBR) is a leading provider of advanced technology for the energy industry.

Nabors Industries Ltd. (NYSE:NBR) received a major lift on December 18 when Piper Sandler double upgraded the stock from ‘Underweight’ to ‘Overweight’, while also more than doubling its price target from $32 to $65. The revised target indicates an upside potential of almost 22% from the current share price.  Piper Sandler views Nabors as a major beneficiary of the resumption of work in Saudi Arabia, thanks to its SANAD land drilling JV.

It is worth noting that Nabors’ SANAD JV in Saudi Arabia received a notice last month requesting that two rigs, for which work had been temporarily suspended, resume operations. The rigs are expected to return to service in March and June of next year, respectively.

Earlier on December 17, Barclays analyst Eddie Kim also raised the firm’s price target on Nabors Industries Ltd. (NYSE:NBR) from $45 to $50, but maintained its ‘Underweight’ rating.

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Disclosure: None.