FY2025 EPS Estimates for Nabors Industries Ltd. Boosted by Analyst (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Analysts at Zacks Research boosted their FY2025 earnings estimates for shares of Nabors Industries in a report issued on Friday, April 12th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $5.00 per share for the year, up from their previous estimate of $4.72. The consensus estimate for Nabors Industries’ current full-year earnings is ($4.32) per share.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.54) by ($2.30). Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%. The company had revenue of $737.84 million during the quarter, compared to analyst estimates of $749.52 million.

Several other research analysts have also recently issued reports on the stock. Atb Cap Markets cut shares of Nabors Industries from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Susquehanna reiterated a “neutral” rating and set a $88.00 price target on shares of Nabors Industries in a research note on Monday, April 8th. Morgan Stanley decreased their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Finally, Benchmark cut shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.60.

Nabors Industries Trading Down 4.3 %

Shares of Nabors Industries stock opened at $74.86 on Monday. The company has a fifty day simple moving average of $83.55 and a 200-day simple moving average of $88.85. Nabors Industries has a 12-month low of $71.42 and a 12-month high of $141.47. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 4.63. The stock has a market cap of $708.92 million, a price-to-earnings ratio of -14.51 and a beta of 2.33.

Hedge Funds Weigh In On Nabors Industries

Large investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Nabors Industries during the 1st quarter worth $25,000. US Bancorp DE raised its position in Nabors Industries by 72.1% during the 2nd quarter. US Bancorp DE now owns 389 shares of the oil and gas company’s stock worth $36,000 after buying an additional 163 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Nabors Industries by 89.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 565 shares of the oil and gas company’s stock worth $57,000 after buying an additional 267 shares during the last quarter. State of Wyoming increased its holdings in shares of Nabors Industries by 55.6% in the 4th quarter. State of Wyoming now owns 585 shares of the oil and gas company’s stock valued at $91,000 after purchasing an additional 209 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Nabors Industries by 202.4% in the 4th quarter. Quadrant Capital Group LLC now owns 750 shares of the oil and gas company’s stock valued at $61,000 after purchasing an additional 502 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. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.