What is Atb Cap Markets' Estimate for NBR FY2027 Earnings?

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for Nabors Industries in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the oil and gas company will post earnings per share of $0.54 for the year. The consensus estimate for Nabors Industries' current full-year earnings is ($15.52) per share.

Several other research analysts also recently weighed in on the company. Citigroup upped their price target on Nabors Industries from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Evercore ISI decreased their target price on Nabors Industries from $94.00 to $85.00 and set an "in-line" rating on the stock in a research report on Thursday, October 24th. Barclays cut their price target on Nabors Industries from $110.00 to $88.00 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $102.00 price objective on shares of Nabors Industries in a report on Wednesday, October 16th. Finally, Susquehanna cut their target price on shares of Nabors Industries from $79.00 to $77.00 and set a "neutral" rating for the company in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $97.00.

Nabors Industries Price Performance

Shares of NYSE:NBR traded down $1.51 during trading on Thursday, hitting $67.12. 307,708 shares of the company's stock were exchanged, compared to its average volume of 285,239. The business's 50-day simple moving average is $74.79 and its 200 day simple moving average is $74.61. The company has a market cap of $718.79 million, a price-to-earnings ratio of -3.74 and a beta of 2.05. Nabors Industries has a 52-week low of $59.67 and a 52-week high of $105.96. The company has a debt-to-equity ratio of 5.43, a current ratio of 1.88 and a quick ratio of 1.63.

Institutional Trading of Nabors Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBR. Price T Rowe Associates Inc. MD raised its holdings in shares of Nabors Industries by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,471 shares of the oil and gas company's stock worth $558,000 after buying an additional 399 shares during the period. SG Americas Securities LLC bought a new stake in shares of Nabors Industries during the second quarter worth $159,000. Bank of New York Mellon Corp boosted its stake in shares of Nabors Industries by 42.8% during the second quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company's stock valued at $8,189,000 after purchasing an additional 34,473 shares during the period. Van ECK Associates Corp grew its holdings in shares of Nabors Industries by 6.8% in the second quarter. Van ECK Associates Corp now owns 197,177 shares of the oil and gas company's stock worth $14,031,000 after purchasing an additional 12,622 shares during the last quarter. Finally, Nicola Wealth Management LTD. increased its stake in Nabors Industries by 182.9% in the 2nd quarter. Nicola Wealth Management LTD. now owns 23,200 shares of the oil and gas company's stock worth $1,651,000 after buying an additional 15,000 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.

Nabors Industries Company Profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.