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

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

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

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

Nabors Industries Stock Up 0.8 %

Shares of Nabors Industries stock opened at $75.23 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.78 and a debt-to-equity ratio of 4.81. Nabors Industries has a 52-week low of $70.25 and a 52-week high of $141.47. The company has a 50 day moving average of $82.07 and a 200 day moving average of $84.55. The company has a market capitalization of $804.96 million, a P/E ratio of -5.45 and a beta of 2.37.

Hedge Funds Weigh In On Nabors Industries

Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Nabors Industries by 202.4% in the 4th quarter. Quadrant Capital Group LLC now owns 750 shares of the oil and gas company’s stock valued at $61,000 after buying an additional 502 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Nabors Industries during the 4th quarter worth $80,000. GAMMA Investing LLC purchased a new stake in shares of Nabors Industries during the 4th quarter worth $97,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Nabors Industries by 48.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,957 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 635 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Nabors Industries during the 3rd quarter worth $241,000. 81.92% of the stock is owned by institutional investors and hedge funds.

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.