Latest news with #oil drilling
Yahoo
5 days ago
- Business
- Yahoo
Nabors Industries Rebounds as Hedge Funds Eye a Quiet Comeback
Nabors Industries Ltd. (NYSE:NBR) is one of the best oil drilling stocks according to hedge funds right now. On July 1, Susquehanna upgraded its price target from $29 to $32 while maintaining a Neutral rating. The call highlights a solid Q1 performance and suggests the worst of the 2025 offshore slowdown may be behind us. A modest target bump, but when big funds track upgrades like this, it signals cautious optimism in a pressured drilling environment. That upgrade came shortly after Nabors' Q1 earnings, where they reported revenue slightly above expectations and completed the acquisition of Parker Wellbore, adding complementary drilling services to their offering. The stock surged over 10% in the week following, recovering from a dip earlier in the year . For hedge funds hunting value in upstream players, Nabors represents a deep-value reopening of narrative: offshore exposure with improving earnings and an expanded services footprint. Pixabay/Public Domain Nabors Industries is a Houston-based drilling contractor with a fleet of around 300 land rigs. They offer drilling services, wellbore tools, managed-pressure and directional drilling, plus the RigCLOUD edge computing platform. Simple, drilling-heavy, and ready for a cycle rerate. While we acknowledge the potential of NBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Transocean Secures Multi-Well Deal in Australia, Boosting Offshore Visibility
Transocean is one of the best oil drilling stocks according to hedge funds, thanks to a compelling recent contract update. As of mid‑July, the Transocean Equinox semisubmersible rig is set to begin a multi-well gas exploration program in Australia's Otway Basin for ConocoPhillips and partners, with Phase 1 firm drilling scheduled to begin in Q3 2025. That news gives investors clarity on upcoming offshore activity at a time when drillers are seeing tighter utilization globally. This contract isn't small, it's part of a 16-well minimum campaign and includes two firm wells this year, with options for four more by 2028. Deals like this drive utilization, strengthen Transocean's offshore footprint, and signal greater day-rate negotiating power, key metrics hedge funds track closely. Corepics VOF/ Transocean (NYSE: RIG) is a pure-play offshore drilling contractor operating 32 mobile offshore drilling units, including 24 ultra-deepwater floaters and eight harsh-environment semisubmersibles. Almost all its revenue comes from long-term drilling contracts with oil and gas majors in major deepwater basins globally. While we acknowledge the potential of RIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Precision Drilling Gets a Lift: Piper Sandler Sees 40% Upside
Precision Drilling Corporation (NYSE:PDS) is one of the best oil drilling stocks according to Hedge Funds, especially after a fresh boost from Wall Street. On July 15, Piper Sandler initiated coverage on the stock with an Overweight rating and a $72 price target, signaling over 40% upside from current levels. The firm highlighted Precision's operational efficiency and disciplined cost structure, noting its strong position even as the U.S. land drilling market cools under falling rig counts and commodity price pressure. The timing of this call is notable. Precision (NYSE:PDS) just wrapped up a solid first quarter, delivering strong cash flow, paying down debt, and repurchasing shares while maintaining stable Canadian rig day rates near $35,600. Its Canadian rig count held steady at 74 rigs, nearly flat year over year, showing resilience despite macro headwinds. Precision Drilling is Canada's largest land-based drilling contractor, operating a fleet of high-performance rigs across North America and the Middle East. It also offers well services and field technology solutions. While we acknowledge the potential of PDS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Valaris Gets Target Bump from Citi as Offshore Execution Holds Steady
Valaris is one of the best oil drilling stocks according to hedge funds, backed by a recent rating adjustment from Wall Street. On July 11, Citigroup maintained a Neutral rating on the stock but raised its price target from $47 to $50. The move signals growing confidence in Valaris's ability to navigate the offshore cycle, even as conditions remain mixed. Analyst Scott Gruber pointed to Valaris's modern fleet and a strong slate of recent contract wins as key reasons for the target bump. He noted that while macro softness is still weighing on day rates, Valaris's utilization trends and operational execution offer a base for potential upside once pricing firms. Oil platform Valaris (NYSE: VAL) is a pure-play offshore driller with a global fleet of high-spec drillships, semisubmersibles, and jackups. The company serves deepwater markets across the Gulf of Mexico, North Sea, West Africa, and the Middle East, with most of its revenue tied directly to drilling operations. While we acknowledge the potential of VAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
5 days ago
- Business
- Yahoo
Seadrill Gets Price Target Boost as Offshore Momentum Builds
Seadrill Limited (NYSE:SDRL) is one of the best oil drilling stocks according to hedge funds. On July 15, BTIG upgraded the stock, raising its price target from $28 to $33 while maintaining a Buy rating. That's a solid ~18% upside from current levels, based on offshore utilization trends and rig quality. The timing of this call aligns with Seadrill's Q1 earnings, which showed $430 million in cash, 84% fleet utilization, and a robust $2.8 billion contract backlog extending through 2028. These are the hallmarks hedge funds love in offshore drillers: strong contract visibility, steady cash flow, and asset quality insulated from temporary demand softness. Pixabay/Public Domain Seadrill Limited (NYSE:SDRL) owns a modern fleet of deepwater and jackup rigs, delivering precision offshore drilling worldwide. With a fortified balance sheet, expanding backlog, and analysts now raising expectations, SDRL checks every box for hedge funds hunting leverage in the next offshore upswing. While we acknowledge the potential of SDRL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
