Zacks Research Weighs in on Nabors Industries Ltd.’s FY2025 Earnings (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Equities research analysts at Zacks Research lifted their FY2025 EPS estimates for shares of Nabors Industries in a research note issued on Friday, April 12th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $5.00 per share for the year, up from their previous forecast of $4.72. The consensus estimate for Nabors Industries’ current full-year earnings is ($4.32) per share.

Nabors Industries (NYSE:NBR) last announced its earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($1.54) by ($2.30). Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. The business had revenue of $737.84 million for the quarter, compared to analysts’ expectations of $749.52 million.

A number of other research analysts also recently commented on NBR. Atb Cap Markets downgraded shares of Nabors Industries from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Susquehanna reiterated a “neutral” rating and set a $88.00 price target on shares of Nabors Industries in a research note on Monday, April 8th. Morgan Stanley decreased their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Finally, Benchmark cut shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $129.60.

Nabors Industries Trading Down 2.4 %

NYSE NBR opened at $79.39 on Monday. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.23. The firm’s fifty day moving average price is $83.65 and its 200 day moving average price is $89.53. The company has a market capitalization of $751.82 million, a price-to-earnings ratio of -15.39 and a beta of 2.33. Nabors Industries has a 12 month low of $71.42 and a 12 month high of $141.47.

Hedge Funds Weigh In On Nabors Industries

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Nabors Industries by 29.1% during the first quarter. GAMMA Investing LLC now owns 1,474 shares of the oil and gas company’s stock worth $127,000 after buying an additional 332 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Nabors Industries by 75.1% in the fourth quarter. Quadrature Capital Ltd now owns 13,564 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 5,818 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Nabors Industries by 111.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company’s stock worth $32,415,000 after acquiring an additional 209,450 shares during the last quarter. Readystate Asset Management LP boosted its position in shares of Nabors Industries by 44.5% in the fourth quarter. Readystate Asset Management LP now owns 26,499 shares of the oil and gas company’s stock worth $2,163,000 after acquiring an additional 8,164 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Nabors Industries by 268.6% in the fourth quarter. Barclays PLC now owns 20,736 shares of the oil and gas company’s stock worth $1,693,000 after acquiring an additional 15,110 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.