Nabors' Middle East Rig Operations Continue but Faces Modest Cost Pressures, RBC Says

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Nabors Industries' (NBR) Middle East rig operations continue, while operational complexity of drilling supply chains could cause some cost friction in the future, RBC Capital Markets said in a note emailed Thursday.

Although operations continue, RBC said it would not be surprised if there

was modest friction in rotating employee crews, parts, and consumables, which may add cost pressure.

The company is making progress on bringing SANAD newbuilds into the field and reactivating its two suspended rigs, according to the note. Nabors' US drilling activity continues as expected, the firm added.

RBC lowered its Q1 earnings before interest, taxes, depreciation, and amortization estimate to $201 million from $207 million, with market consensus at $208 million. For full-year 2026, the firm reduced its EBITDA estimate by 1% to $911 million.

Nabors is scheduled to release its Q1 results after the market closes on April 28.

RBC maintained a sector perform rating on Nabors with a $77 price target.

Price: 89.17, Change: +1.68, Percent Change: +1.92

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Nabors' US drilling activity continues as expected, the firm added.</p><p>RBC lowered its Q1 earnings before interest, taxes, depreciation, and amortization estimate to $201 million from $207 million, with market consensus at $208 million. For full-year 2026, the firm reduced its EBITDA estimate by 1% to $911 million.</p><p>Nabors is scheduled to release its Q1 results after the market closes on April 28.</p><p>RBC maintained a sector perform rating on Nabors with a $77 price target.</p><p>Price: 89.17, Change: +1.68, Percent Change: +1.92</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NBR","symbol_name":"纳伯斯","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2622864175","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622864175","pubTimestamp":1774539688,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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