Nabors Industries (NYSE:NBR) Upgraded at Zacks Research

Zacks Research upgraded shares of Nabors Industries (NYSE:NBR) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports. Zacks Research also issued estimates for Nabors Industries’ Q1 2028 earnings at $1.27 EPS, Q2 2028 earnings at $1.20 EPS and FY2028 earnings at $5.03 EPS.

Several other brokerages have also issued reports on NBR. Barclays raised Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $65.00 to $99.00 in a report on Thursday, May 7th. Weiss Ratings cut Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and issued a $100.00 target price (up from $80.00) on shares of Nabors Industries in a research report on Wednesday, April 15th. Piper Sandler raised their price target on Nabors Industries from $84.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna cut their price target on Nabors Industries from $105.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Nabors Industries has an average rating of “Moderate Buy” and an average price target of $100.57.

Nabors Industries Trading Up 1.5%

NYSE NBR opened at $83.88 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.97 and a quick ratio of 1.82. The firm’s fifty day moving average price is $92.13 and its 200 day moving average price is $81.48. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 6.57 and a beta of 0.96. Nabors Industries has a 12 month low of $29.97 and a 12 month high of $112.90.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, topping the consensus estimate of ($2.49) by $0.95. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The firm had revenue of $783.55 million for the quarter, compared to analyst estimates of $769.33 million. During the same period last year, the business earned $2.18 EPS. Nabors Industries’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Nabors Industries will post -3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. increased its holdings in shares of Nabors Industries by 62.6% in the fourth 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 purchasing an additional 485,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Nabors Industries by 42.1% during the first quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after purchasing an additional 132,747 shares during the period. Two Sigma Investments LP grew its position in Nabors Industries by 232.2% in 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 buying an additional 129,904 shares during the last quarter. Marshall Wace LLP grew its position 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 buying an additional 108,447 shares during the last quarter. Finally, Millennium Management LLC grew its position in Nabors Industries by 846.5% in the 3rd quarter. Millennium Management LLC now owns 112,106 shares of the oil and gas company’s stock valued at $4,582,000 after buying an additional 100,262 shares during the last quarter. 81.92% of the stock is currently 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.