FY2028 Earnings Estimate for NBR Issued By Zacks Research

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research issued their FY2028 earnings per share estimates for Nabors Industries in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team anticipates that the oil and gas company will post earnings per share of $1.75 for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

Several other research analysts have also recently weighed in on NBR. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $77.00 price objective (up from $70.00) on shares of Nabors Industries in a research report on Friday, February 13th. Susquehanna restated a “neutral” rating and issued a $70.00 price target (up from $64.00) on shares of Nabors Industries in a research note on Friday, February 13th. Wall Street Zen cut shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Nabors Industries in a research note on Monday, December 29th. Finally, Citigroup reissued a “neutral” rating and set a $85.00 target price (up from $60.00) on shares of Nabors Industries in a report on Tuesday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Nabors Industries currently has an average rating of “Hold” and an average target price of $69.00.

Nabors Industries Trading Down 0.5%

NYSE:NBR opened at $77.56 on Thursday. The business’s 50-day simple moving average is $64.37 and its 200-day simple moving average is $51.11. The stock has a market capitalization of $1.14 billion, a PE ratio of 4.70 and a beta of 0.99. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.56 and a quick ratio of 1.47. Nabors Industries has a fifty-two week low of $23.27 and a fifty-two week high of $80.32.

Nabors Industries (NYSE:NBR) last released its quarterly earnings data on Wednesday, February 11th. The oil and gas company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($2.93) by $3.10. Nabors Industries had a net margin of 8.92% and a negative return on equity of 17.63%. The business had revenue of $805.13 million for the quarter, compared to analyst estimates of $795.82 million. During the same quarter last year, the firm earned ($6.67) EPS. Nabors Industries’s quarterly revenue was up 9.0% compared to the same quarter last year.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. raised its position in shares of Nabors Industries by 62.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock valued at $68,418,000 after buying an additional 485,000 shares in the last quarter. Apollo Management Holdings L.P. lifted its holdings in shares of Nabors Industries by 54.2% in the second quarter. Apollo Management Holdings L.P. now owns 650,623 shares of the oil and gas company’s stock worth $18,230,000 after acquiring an additional 228,787 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Nabors Industries by 232.2% during the 3rd quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock valued at $7,595,000 after purchasing an additional 129,904 shares during the last quarter. Geode Capital Management LLC increased its position in Nabors Industries by 59.5% during the 2nd quarter. Geode Capital Management LLC now owns 338,566 shares of the oil and gas company’s stock worth $9,488,000 after purchasing an additional 126,243 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Nabors Industries by 446.9% in the 4th quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock valued at $7,206,000 after purchasing an additional 108,447 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.