Nabors Industries (NBR) to Release Quarterly Earnings on Tuesday

Nabors Industries (NYSE:NBR - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of ($2.15) per share and revenue of $706.49 million for the quarter.

Nabors Industries (NYSE:NBR - Get Free Report) last released its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing analysts' consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. On average, analysts expect Nabors Industries to post $-6 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nabors Industries Price Performance

Nabors Industries stock traded up $1.84 during midday trading on Thursday, reaching $29.53. The company had a trading volume of 486,842 shares, compared to its average volume of 342,866. Nabors Industries has a 12-month low of $25.11 and a 12-month high of $105.96. The firm's fifty day simple moving average is $37.83 and its 200-day simple moving average is $56.88. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The company has a market capitalization of $283.61 million, a P/E ratio of -1.32 and a beta of 1.49.

Wall Street Analyst Weigh In

Several analysts recently commented on NBR shares. Susquehanna dropped their price target on Nabors Industries from $45.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays dropped their target price on shares of Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley decreased their price target on shares of Nabors Industries from $115.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $71.17.

About Nabors Industries

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.