Nabors Industries Ltd. Forecasted to Earn FY2026 Earnings of $11.85 Per Share (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Stock analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of Nabors Industries in a research report issued to clients and investors on Monday, May 6th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $11.85 per share for the year, up from their previous estimate of $11.54. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.91) per share.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley dropped their target price on Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Susquehanna dropped their target price on Nabors Industries from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Benchmark restated a “hold” rating on shares of Nabors Industries in a research report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.80.

Nabors Industries Trading Up 0.8 %

NBR stock opened at $75.23 on Wednesday. The company has a market cap of $804.96 million, a P/E ratio of -5.45 and a beta of 2.37. Nabors Industries has a twelve month low of $70.25 and a twelve month high of $141.47. The company has a quick ratio of 1.23, a current ratio of 1.78 and a debt-to-equity ratio of 4.81. The business has a fifty day moving average of $82.07 and a 200-day moving average of $84.55.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.24) by ($2.92). Nabors Industries had a negative net margin of 3.45% and a negative return on equity of 23.52%. The business had revenue of $743.91 million during the quarter, compared to the consensus estimate of $730.59 million.

Institutional Investors Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nabors Industries by 48.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,957 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 635 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in Nabors Industries in the third quarter valued at about $2,673,000. Nisa Investment Advisors LLC grew its stake in Nabors Industries by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 16,807 shares of the oil and gas company’s stock valued at $2,070,000 after acquiring an additional 148 shares during the period. Los Angeles Capital Management LLC acquired a new position in Nabors Industries in the third quarter valued at about $443,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Nabors Industries in the third quarter valued at about $589,000. 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.