Zacks Research Issues Pessimistic Outlook for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Research analysts at Zacks Research reduced their Q2 2026 earnings per share estimates for shares of Nabors Industries in a report released on Monday, January 6th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $0.26 per share for the quarter, down from their previous forecast of $0.37. The consensus estimate for Nabors Industries' current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries' Q3 2026 earnings at $1.65 EPS, Q4 2026 earnings at $0.49 EPS and FY2026 earnings at $1.38 EPS.

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

Nabors Industries Trading Up 4.2 %

Shares of NYSE:NBR traded up $2.57 during mid-day trading on Tuesday, hitting $64.07. The company had a trading volume of 266,079 shares, compared to its average volume of 284,570. The company has a market capitalization of $686.13 million, a PE ratio of -3.48 and a beta of 2.05. Nabors Industries has a one year low of $50.15 and a one year high of $105.96. The firm has a fifty day moving average price of $68.21 and a 200 day moving average price of $73.34. 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 Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Nabors Industries by 42.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company's stock worth $8,189,000 after acquiring an additional 34,473 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Nabors Industries by 56.7% during the second quarter. Texas Permanent School Fund Corp now owns 12,115 shares of the oil and gas company's stock valued at $862,000 after purchasing an additional 4,384 shares in the last quarter. American Century Companies Inc. boosted its holdings in Nabors Industries by 20.2% during the second quarter. American Century Companies Inc. now owns 200,250 shares of the oil and gas company's stock worth $14,250,000 after purchasing an additional 33,616 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Nabors Industries by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company's stock worth $20,634,000 after purchasing an additional 16,890 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Nabors Industries in the 2nd quarter valued at about $1,242,000. Hedge funds and other institutional investors 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.