Q4 EPS Estimate for Nabors Industries Decreased by Analyst

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities research analysts at Atb Cap Markets dropped their Q4 2024 EPS estimates for shares of Nabors Industries in a report issued on Wednesday, October 23rd. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings per share of ($3.00) for the quarter, down from their prior forecast of ($2.89). The consensus estimate for Nabors Industries' current full-year earnings is ($12.24) per share. Atb Cap Markets also issued estimates for Nabors Industries' Q1 2025 earnings at ($2.88) EPS, Q2 2025 earnings at ($2.04) EPS, Q3 2025 earnings at ($1.40) EPS, Q4 2025 earnings at ($0.85) EPS, FY2025 earnings at ($7.17) EPS, Q1 2026 earnings at ($0.66) EPS, Q2 2026 earnings at ($0.14) EPS, Q3 2026 earnings at $0.17 EPS and FY2026 earnings at $0.13 EPS.

A number of other research firms have also recently weighed in on NBR. Barclays dropped their price target on Nabors Industries from $110.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 16th. Evercore ISI cut their target price on shares of Nabors Industries from $94.00 to $85.00 and set an "in-line" rating for the company in a research note on Thursday. Susquehanna reduced 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Finally, Citigroup downgraded shares of Nabors Industries from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $75.00 in a research report on Friday, September 13th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Nabors Industries currently has a consensus rating of "Hold" and an average target price of $96.17.

Nabors Industries Stock Performance

Shares of NBR traded down $2.75 during mid-day trading on Monday, reaching $72.87. The company's stock had a trading volume of 344,308 shares, compared to its average volume of 281,572. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 5.01. Nabors Industries has a 1-year low of $59.67 and a 1-year high of $105.96. The business has a 50-day simple moving average of $72.51 and a two-hundred day simple moving average of $74.96. The stock has a market cap of $779.85 million, a P/E ratio of -5.14 and a beta of 2.11.

Institutional Trading of Nabors Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Nabors Industries by 5.1% during the first quarter. Vanguard Group Inc. now owns 819,113 shares of the oil and gas company's stock worth $70,550,000 after purchasing an additional 40,078 shares during the period. Burney Co. acquired a new stake in Nabors Industries during the first quarter worth approximately $989,000. Nicola Wealth Management LTD. increased its stake in Nabors Industries by 182.9% during 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 acquiring an additional 15,000 shares during the period. Swiss National Bank lifted its position in shares of Nabors Industries by 3.4% during the 1st quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company's stock valued at $1,593,000 after acquiring an additional 600 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Nabors Industries during the 2nd quarter worth $1,242,000. Institutional investors and hedge funds own 81.92% of the company's stock.

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.