Zacks Research Has Negative Forecast for NBR Q3 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for shares of Nabors Industries in a report issued on Thursday, January 16th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $1.63 per share for the quarter, down from their prior estimate 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 have also recently commented on NBR. Evercore ISI dropped their target price on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a report on Thursday, October 24th. Citigroup boosted their price objective on Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Susquehanna dropped their price objective on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Barclays dropped their price objective on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price objective on shares of Nabors Industries in a 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 company. According to data from MarketBeat, Nabors Industries has a consensus rating of “Hold” and a consensus price target of $97.00.

Nabors Industries Price Performance

Shares of Nabors Industries stock opened at $67.82 on Monday. The stock has a market cap of $726.32 million, a price-to-earnings ratio of -3.69 and a beta of 2.05. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The stock has a 50 day moving average price of $65.31 and a 200-day moving average price of $72.97. Nabors Industries has a one year low of $50.15 and a one year high of $105.96.

Institutional Investors Weigh In On Nabors Industries

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Nabors Industries in the 3rd quarter worth $45,000. Signaturefd LLC raised its position in shares of Nabors Industries by 52.9% in the 3rd quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock worth $88,000 after acquiring an additional 472 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Nabors Industries in the 3rd quarter worth $220,000. The Manufacturers Life Insurance Company raised its position in shares of Nabors Industries by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after acquiring an additional 181 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Nabors Industries by 79.6% in the 3rd quarter. SG Americas Securities LLC now owns 4,017 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 1,780 shares in 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.