Zacks Research Issues Optimistic Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research upped their Q2 2026 EPS estimates for Nabors Industries in a report released on Tuesday, April 21st. Zacks Research analyst Team now forecasts that the oil and gas company will earn ($1.73) per share for the quarter, up from their prior forecast of ($1.94). The consensus estimate for Nabors Industries’ current full-year earnings is ($5.91) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at ($1.58) EPS, Q4 2026 earnings at ($1.65) EPS, FY2026 earnings at ($7.36) EPS, Q1 2027 earnings at ($0.70) EPS, Q2 2027 earnings at ($1.25) EPS, Q3 2027 earnings at ($1.56) EPS, Q4 2027 earnings at ($0.53) EPS, FY2027 earnings at ($4.05) EPS and FY2028 earnings at $2.14 EPS.

Nabors Industries (NYSE:NBR) last released its earnings results on Wednesday, February 11th. The oil and gas company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $797.53 million for the quarter, compared to analysts’ expectations of $795.82 million. During the same quarter in the previous year, the company earned ($6.67) EPS. Nabors Industries’s revenue for the quarter was up 9.0% on a year-over-year basis.

A number of other equities research analysts have also issued reports on NBR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nabors Industries in a report on Monday, December 29th. Barclays raised their target price on shares of Nabors Industries from $50.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, February 25th. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price target (up from $80.00) on shares of Nabors Industries in a report on Wednesday, April 15th. Susquehanna boosted their price target on shares of Nabors Industries from $70.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Wall Street Zen downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.38.

Nabors Industries Stock Up 2.3%

Shares of NBR opened at $88.50 on Thursday. The business’s 50 day moving average is $80.17 and its 200 day moving average is $63.18. The company has a current ratio of 1.56, a quick ratio of 1.47 and a debt-to-equity ratio of 2.22. Nabors Industries has a 12-month low of $23.27 and a 12-month high of $92.38. The company has a market capitalization of $1.30 billion, a PE ratio of 5.37 and a beta of 0.87.

Hedge Funds Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its position in shares of Nabors Industries by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,634 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 173 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Nabors Industries by 23.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Nabors Industries by 24.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,754 shares of the oil and gas company’s stock worth $95,000 after acquiring an additional 341 shares during the last quarter. Nebula Research & Development LLC increased its stake in Nabors Industries by 2.5% during the second quarter. Nebula Research & Development LLC now owns 17,697 shares of the oil and gas company’s stock worth $496,000 after acquiring an additional 428 shares during the last quarter. Finally, Islay Capital Management LLC purchased a new stake in Nabors Industries during the fourth quarter valued at approximately $26,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Nabors Industries

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Zacks Research raised multiple near- and medium-term EPS forecasts for Nabors — covering Q2–Q4 2026 and Q1–Q4 2027 — trimming losses per share in almost every upgraded quarter, signaling anticipated operational improvement.
• Positive Sentiment: Zacks lifted its FY2027 outlook to a loss of ($4.05) per share (from ($4.41)) and materially raised FY2028 to positive $2.14 per share, suggesting analysts now expect Nabors to return to profitability by 2028 — a catalyst for investors focused on recovery stories.
• Positive Sentiment: Zacks also bumped near-term quarter estimates including Q1 2027 and Q1 2028 (Q1 2028 now $0.44), showing upward revisions extend into early 2028 and reinforcing a positive forward earnings trajectory.
• Neutral Sentiment: Q1 earnings preview from Zacks expects higher revenues but notes direct costs may pressure the bottom line — a mixed read ahead of the report; watch margins and cost commentary closely. Article Title
• Neutral Sentiment: Sector-comparison coverage highlights how Nabors stacks up vs. peers this year — useful for relative-performance context but not a direct near-term catalyst. Article Title
• Negative Sentiment: Consensus still shows a deeply negative current-year EPS (~($6.09)) and FY2026 remains expectedly loss-making (~($7.36) per Zacks’ updates), implying meaningful near-term execution risk and recovery dependency on future quarters.
• Negative Sentiment: Financial leverage is notable (debt-to-equity ~2.22); while earnings upgrades improve the outlook, elevated leverage increases sensitivity to cash-flow and commodity-price swings.

About Nabors Industries

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.