Zacks Research Has Bearish Estimate for NBR Q3 Earnings

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Stock analysts at Zacks Research cut their Q3 2026 EPS estimates for Nabors Industries in a research note issued to investors on Thursday, January 16th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $1.63 per share for the quarter, down from their previous forecast of $1.65. The consensus estimate for Nabors Industries' current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries' Q4 2026 earnings at $0.48 EPS and FY2026 earnings at $1.35 EPS.

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

Nabors Industries Stock Down 1.6 %

Nabors Industries stock traded down $1.05 during midday trading on Monday, hitting $66.65. The stock had a trading volume of 150,143 shares, compared to its average volume of 306,968. 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 business has a fifty day moving average price of $65.55 and a 200 day moving average price of $72.97. Nabors Industries has a 12 month low of $50.15 and a 12 month high of $105.96. The stock has a market cap of $713.78 million, a P/E ratio of -3.62 and a beta of 2.05.

Institutional Investors Weigh In On Nabors Industries

A number of hedge funds have recently made changes to their positions in the business. Inspire Investing LLC raised its stake in Nabors Industries by 8.8% during the 4th quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company's stock valued at $397,000 after acquiring an additional 563 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nabors Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company's stock valued at $13,286,000 after purchasing an additional 3,054 shares during the period. Barclays PLC raised its stake in shares of Nabors Industries by 60.8% during the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company's stock valued at $7,241,000 after purchasing an additional 42,483 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Nabors Industries during the third quarter valued at about $220,000. Finally, Centiva Capital LP acquired a new stake in Nabors Industries in the third quarter worth about $531,000. 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.