Nabors Industries Ltd. (NYSE:NBR) Receives $103.43 Consensus PT from Analysts

Shares of Nabors Industries Ltd. (NYSE:NBR) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $103.4286.

NBR has been the subject of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 price target (up from $80.00) on shares of Nabors Industries in a report on Wednesday, April 15th. Royal Bank Of Canada increased their price target on Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Wall Street Zen downgraded Nabors Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Piper Sandler increased their price target on Nabors Industries from $84.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Barclays raised Nabors Industries from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $65.00 to $99.00 in a report on Thursday, May 7th.

Institutional Investors Weigh In On Nabors Industries

Several hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new stake in shares of Nabors Industries during the first quarter worth $309,000. Bank of America Corp DE lifted its holdings in Nabors Industries by 191.8% in the first quarter. Bank of America Corp DE now owns 151,922 shares of the oil and gas company’s stock valued at $13,074,000 after acquiring an additional 99,852 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Nabors Industries by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 141 shares during the period. Royal Bank of Canada lifted its holdings in Nabors Industries by 11.6% in the first quarter. Royal Bank of Canada now owns 58,099 shares of the oil and gas company’s stock valued at $5,000,000 after acquiring an additional 6,057 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Nabors Industries by 41.6% in the first quarter. Empowered Funds LLC now owns 65,665 shares of the oil and gas company’s stock valued at $5,651,000 after acquiring an additional 19,286 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

More Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Zacks Research raised its earnings outlook across several periods, including FY2026, FY2027, FY2028 and multiple quarterly estimates, suggesting a better long-term profit profile for Nabors Industries. This kind of broad upward revision is typically viewed favorably by investors.
• Positive Sentiment: Most of the changes were upward revisions to EPS estimates, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027 and FY2028, which signals analysts see improving operating performance ahead.
• Neutral Sentiment: The updated estimates still point to losses in several near-term quarters, so while the revisions are encouraging, they do not yet indicate a return to consistent profitability in the immediate future.
• Neutral Sentiment: Nabors Industries previously beat quarterly EPS and revenue expectations in its last earnings report, which may be helping support sentiment alongside the newer analyst upgrades.

Nabors Industries Price Performance

NBR stock opened at $101.84 on Tuesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 7.98 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 business has a 50 day simple moving average of $94.31 and a 200-day simple moving average of $76.10. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $769.33 million. During the same period in the prior year, the company earned $2.18 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Nabors Industries will post -3.32 EPS for the current year.

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.