Zacks Research Issues Pessimistic Outlook for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2025 earnings per share estimates for shares of Nabors Industries in a research report issued on Monday, January 6th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of ($1.57) for the quarter, down from their prior estimate of ($1.52). The consensus estimate for Nabors Industries' current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries' Q3 2025 earnings at ($1.05) EPS, FY2025 earnings at ($5.70) EPS and Q1 2026 earnings at ($1.02) EPS.

A number of other brokerages have also recently weighed in on NBR. Citigroup raised their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Evercore ISI dropped their price target on Nabors Industries from $94.00 to $85.00 and set an "in-line" rating on the stock in a research note on Thursday, October 24th. Barclays decreased their target price on shares of 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 restated a "sector perform" rating and set a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Finally, Susquehanna reduced their price target on shares of Nabors Industries from $79.00 to $77.00 and set a "neutral" rating for the company in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.00.

Nabors Industries Price Performance

NBR stock traded down $1.88 during trading hours on Wednesday, hitting $62.22. 298,406 shares of the stock traded hands, compared to its average volume of 287,341. Nabors Industries has a one year low of $50.15 and a one year high of $105.96. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.43. The stock has a 50-day simple moving average of $68.02 and a 200 day simple moving average of $73.31. The company has a market cap of $666.31 million, a P/E ratio of -3.38 and a beta of 2.05.

Institutional Trading of Nabors Industries

Several hedge funds and other institutional investors have recently modified their holdings of NBR. Barclays PLC increased its position in Nabors Industries by 60.8% in the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company's stock worth $7,241,000 after purchasing an additional 42,483 shares during the last quarter. Hsbc Holdings PLC bought a new position in Nabors Industries during the second quarter valued at approximately $1,242,000. Centiva Capital LP acquired a new stake in Nabors Industries in the third quarter valued at approximately $531,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $20,634,000 after purchasing an additional 16,890 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $8,189,000 after acquiring an additional 34,473 shares during the last quarter. 81.92% of the stock is currently 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.