Zacks Research Has Positive Forecast for NBR Q1 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research upped their Q1 2028 earnings per share estimates for shares of Nabors Industries in a research note issued to investors on Wednesday, June 10th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $1.12 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.52) per share.

NBR has been the topic of several other research reports. UBS Group set a $70.00 price target on Nabors Industries in a research report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 price target (up from $80.00) on shares of Nabors Industries in a research report on Wednesday, April 15th. Royal Bank Of Canada boosted their price target on Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price target on Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.43.

Nabors Industries Stock Up 6.5%

NYSE:NBR opened at $102.73 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 8.04 and a beta of 0.96. Nabors Industries has a twelve month low of $27.18 and a twelve month high of $112.90. The stock’s 50 day moving average price is $93.55 and its two-hundred day moving average price is $75.53. 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 (NYSE:NBR) last released its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, beating the consensus estimate of ($2.49) by $0.95. The firm had revenue of $783.55 million for the quarter, compared to analysts’ expectations of $769.33 million. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.18 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NBR. Adage Capital Partners GP L.L.C. increased its holdings in shares of Nabors Industries by 62.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock worth $68,418,000 after acquiring an additional 485,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Nabors Industries by 42.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after acquiring an additional 132,747 shares during the last quarter. Two Sigma Investments LP increased 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 worth $7,595,000 after acquiring an additional 129,904 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Nabors Industries by 446.9% during the 4th quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock worth $7,206,000 after acquiring an additional 108,447 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its holdings in shares of Nabors Industries by 26.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 491,795 shares of the oil and gas company’s stock worth $20,100,000 after acquiring an additional 104,219 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

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.