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Nabors Industries (NBR) Fell by Over 13% This Week. Here is Why
NaborsNabors(US:NBR) Yahoo Financeยท2025-10-13 11:39

Core Insights - Nabors Industries Ltd. (NYSE:NBR) experienced a significant share price decline of 13.53% from October 3 to October 10, 2025, making it one of the worst-performing energy stocks during that week [1][2]. Group 1: Market Performance - The decline in Nabors Industries' stock price was attributed to escalating trade tensions between China and the United States, which also contributed to a drop in crude oil prices, with WTI oil falling below $60 per barrel for the first time since May [3]. - Nabors Industries was identified as one of the energy stocks that suffered heavily due to these market conditions [3]. Group 2: Financial Developments - On a positive note, Nabors Industries announced the receipt of full prepayment of a $250 million seller financing note from Superior Energy Services, related to the sale of Quail Tools LLC in August 2025 [4]. - The proceeds from this prepayment will be utilized for debt reduction, specifically targeting outstanding notes that are set to mature in 2028 [4].