Nabors Announces Sale of Quail Tools to Superior Energy Services for $600 Million
Transaction Reduces Nabors Net Debt by More Than 25% HAMILTON, Bermuda, Aug. 20, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced it has entered i...
How does this divestiture position Nabors relative to its peers in the drilling and oilfield services sector, and could it trigger a re-rating by the market?
What are the potential impacts on Nabors' revenue and earnings forecasts now that Quail Tools, a presumably profitable segment, is being divested?
How will the $600 million sale of Quail Tools and the resulting >25% reduction in net debt affect Nabors' valuation and stock price in the short term?
6 days ago