Zacks Research Issues Optimistic Estimate for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research boosted their Q1 2028 earnings per share (EPS) estimates for shares of Nabors Industries in a research note issued to investors on Wednesday, July 1st. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $1.19 per share for the quarter, up from their prior forecast of $1.12. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.32) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2028 earnings at $1.15 EPS and FY2028 earnings at $4.76 EPS.

A number of other brokerages have also recently issued reports on NBR. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $65.00 to $99.00 in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and set a $100.00 price target (up from $80.00) on shares of Nabors Industries in a research note on Wednesday, April 15th. Citigroup upped their price objective on shares of Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings lowered shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.43.

Nabors Industries Trading Down 8.4%

NYSE NBR opened at $76.98 on Thursday. 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 $29.50 and a 52 week high of $112.90. The business has a 50 day moving average price of $95.49 and a 200-day moving average price of $79.27. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 6.03 and a beta of 0.96.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. raised its position in 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 during the last quarter. Vanguard Group Inc. boosted its holdings in Nabors Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company’s stock worth $47,298,000 after acquiring an additional 13,424 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Nabors Industries by 2.0% during the 4th quarter. Cibc World Market Inc. now owns 499,147 shares of the oil and gas company’s stock worth $27,104,000 after acquiring an additional 9,640 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Nabors Industries by 15.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 485,346 shares of the oil and gas company’s stock worth $26,354,000 after acquiring an additional 66,640 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Nabors Industries by 42.1% in 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 in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

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.