NBR
Nabors Industries Ltd. Energy - Oil & Gas Drilling Investor Relations →
Nabors Industries Ltd. (NBR) closed at $69.78 as of 2026-02-02, trading 22.0% below its 200-week moving average of $89.44. This places NBR in the extreme value zone. The stock moved further from the line this week, up from -25.6% last week. With a 14-week RSI of 72, NBR is in overbought territory.
Over the past 2715 weeks of data, NBR has crossed below its 200-week moving average 40 times. On average, these episodes lasted 32 weeks. Historically, investors who bought NBR at the start of these episodes saw an average one-year return of +16.5%.
With a market cap of $1017 million, NBR is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 23.2%, indicating strong profitability. The stock trades at 1.8x book value.
Share count has increased 15.8% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in NBR would have grown to $48, compared to $2849 for the S&P 500. NBR has returned -2.2% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -58.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: NBR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NBR Crosses Below the Line?
Across 30 historical episodes, buying NBR when it crossed below its 200-week moving average produced an average return of +7.7% after 12 months (median +13.0%), compared to +11.1% for the S&P 500 over the same periods. 53% of those episodes were profitable after one year. After 24 months, the average return was +41.4% vs +28.7% for the index.
Each line shows $100 invested at the moment NBR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NBR has crossed below its 200-week MA 40 times with an average 1-year return of +16.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Apr 1974 | 1 | 6.0% | N/A | +74.2% |
| May 1974 | Nov 1974 | 23 | 29.5% | +40.0% | +74.2% |
| Nov 1974 | Dec 1974 | 3 | 10.0% | +20.0% | +74.2% |
| Dec 1974 | Dec 1974 | 1 | 10.0% | +28.6% | +86.7% |
| Feb 1975 | Apr 1975 | 10 | 10.2% | +53.3% | +74.2% |
| Aug 1976 | Nov 1976 | 9 | 6.7% | +123.5% | +53.7% |
| Nov 1976 | Nov 1976 | 2 | 0.9% | +182.4% | +53.7% |
| Jan 1982 | May 1987 | 279 | 91.2% | -68.9% | -84.4% |
| Oct 1987 | Apr 1988 | 26 | 56.4% | +8.3% | +117.8% |
| Jun 1988 | Jul 1988 | 3 | 11.1% | +54.5% | +137.6% |
| Dec 1993 | Dec 1993 | 3 | 7.9% | +1.9% | -50.7% |
| Feb 1994 | Mar 1994 | 4 | 4.1% | -7.4% | -51.6% |
| Mar 1994 | Apr 1994 | 3 | 8.1% | +13.2% | -50.7% |
| May 1994 | Jun 1994 | 6 | 10.1% | +29.6% | -51.6% |
| Jul 1994 | Jul 1994 | 1 | 1.5% | +19.1% | -52.5% |
| Jul 1994 | Oct 1994 | 13 | 14.6% | +27.3% | -52.5% |
| Nov 1994 | Mar 1995 | 17 | 12.4% | +39.3% | -53.3% |
| Jul 1998 | Oct 1998 | 14 | 26.7% | +39.3% | -80.4% |
| Nov 1998 | Apr 1999 | 23 | 38.3% | +55.2% | -81.3% |
| May 1999 | May 1999 | 1 | 2.2% | +126.8% | -82.5% |
| Jul 2001 | Dec 2001 | 21 | 35.9% | +5.5% | -89.4% |
| Jan 2002 | Feb 2002 | 6 | 13.9% | +14.3% | -88.9% |
| Jul 2002 | Oct 2002 | 16 | 20.1% | +15.8% | -90.0% |
| Nov 2002 | Dec 2002 | 3 | 1.7% | +9.5% | -90.7% |
| Dec 2002 | Feb 2003 | 6 | 8.3% | +16.5% | -90.8% |
| Jul 2003 | Dec 2003 | 23 | 9.2% | +16.4% | -91.3% |
| May 2004 | Jun 2004 | 3 | 1.1% | +29.5% | -91.9% |
| Jul 2007 | Aug 2007 | 3 | 4.1% | +32.0% | -94.1% |
| Oct 2007 | Feb 2008 | 17 | 14.7% | -46.1% | -94.3% |
| Sep 2008 | Jan 2011 | 126 | 72.0% | -42.8% | -94.8% |
| Jun 2011 | Jun 2011 | 1 | 1.8% | -42.8% | -92.9% |
| Aug 2011 | Feb 2012 | 29 | 46.3% | -33.1% | -92.2% |
| Mar 2012 | Feb 2014 | 102 | 34.5% | -17.5% | -91.9% |
| Oct 2014 | Nov 2016 | 112 | 61.6% | -35.2% | -91.5% |
| Mar 2017 | Feb 2022 | 257 | 95.7% | -45.8% | -88.6% |
| Jul 2022 | Jul 2022 | 1 | 2.7% | +4.4% | -32.8% |
| Sep 2022 | Sep 2022 | 1 | 5.5% | +30.2% | -26.1% |
| May 2023 | Jun 2023 | 5 | 11.1% | -23.6% | -28.1% |
| Jun 2023 | Jul 2023 | 3 | 6.1% | -28.2% | -25.6% |
| Nov 2023 | Ongoing | 118+ | 74.4% | Ongoing | -21.9% |
| Average | 32 | — | +16.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02