Zacks Research Issues Optimistic Estimate for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research lifted their Q1 2028 earnings estimates for shares of Nabors Industries in a research report issued on Thursday, July 16th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $1.27 per share for the quarter, up from their previous estimate of $1.19. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2028 earnings at $1.20 EPS and FY2028 earnings at $5.03 EPS.

A number of other equities research analysts also recently weighed in on NBR. Citigroup boosted their price target on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Susquehanna decreased their price objective on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada raised their price target on shares of Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Barclays raised shares of Nabors Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.00 to $99.00 in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Nabors Industries currently has an average rating of “Moderate Buy” and an average target price of $100.57.

Nabors Industries Trading Up 1.5%

NYSE:NBR opened at $83.88 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 6.57 and a beta of 0.96. The business’s 50 day moving average is $92.13 and its two-hundred day moving average is $81.48. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 2.22. Nabors Industries has a 52 week low of $29.97 and a 52 week high of $112.90.

Nabors Industries (NYSE:NBR) last issued 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 business had revenue of $783.55 million for the quarter, compared to analysts’ expectations of $769.33 million. During the same quarter last year, the company posted $2.18 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds and other institutional investors have recently modified their holdings of NBR. Islay Capital Management LLC bought a new position in shares of Nabors Industries during the fourth quarter worth about $26,000. Quarry LP bought a new stake in Nabors Industries in the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its stake in Nabors Industries by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 141 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Nabors Industries during the 4th quarter valued at about $40,000. Finally, State of Wyoming grew its position in Nabors Industries by 106.3% in the 4th quarter. State of Wyoming now owns 1,314 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 677 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

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.