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

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research boosted their FY2026 EPS 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 anticipates that the oil and gas company will post earnings per share of $11.85 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.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data 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). The firm had revenue of $743.91 million during the quarter, compared to analysts’ expectations of $730.59 million. Nabors Industries had a negative return on equity of 23.52% and a negative net margin of 3.45%.

Several other research firms also recently commented on NBR. Benchmark reiterated a “hold” rating on shares of Nabors Industries in a report on Thursday, April 25th. Morgan Stanley lowered their price objective 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. Finally, Susquehanna decreased their target price on shares of Nabors Industries from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Nabors Industries currently has an average rating of “Hold” and a consensus price target of $127.80.

Nabors Industries Trading Down 2.6 %

NBR stock opened at $73.28 on Wednesday. The company has a market capitalization of $784.10 million, a PE ratio of -5.31 and a beta of 2.37. The company’s 50 day moving average price is $81.97 and its two-hundred day moving average price is $84.47. Nabors Industries has a one year low of $70.25 and a one year high of $141.47. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.23 and a current ratio of 1.78.

Institutional Investors Weigh In On Nabors Industries

A number of institutional investors have recently made changes to their positions in NBR. Everence Capital Management Inc. grew its stake in shares of Nabors Industries by 46.0% during the 1st quarter. Everence Capital Management Inc. now owns 4,600 shares of the oil and gas company’s stock valued at $396,000 after purchasing an additional 1,450 shares during the period. Russell Investments Group Ltd. lifted its position in Nabors Industries by 2,022.2% during the first quarter. Russell Investments Group Ltd. now owns 764 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 728 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Nabors Industries in the first quarter worth about $471,000. Swiss National Bank raised its stake in shares of Nabors Industries by 3.4% in the first quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company’s stock worth $1,593,000 after buying an additional 600 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Nabors Industries by 29.2% in the 1st quarter. GSA Capital Partners LLP now owns 32,992 shares of the oil and gas company’s stock worth $2,842,000 after acquiring an additional 7,457 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

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.