Zacks Research Issues Positive Outlook for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of Nabors Industries in a research report issued to clients and investors on Wednesday, September 16th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of ($0.42) for the quarter, up from their previous estimate of ($0.45). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.69) per share. Zacks Research also issued estimates for Nabors Industries’ Q4 2026 earnings at $0.05 EPS, FY2026 earnings at ($3.95) EPS, Q1 2027 earnings at ($0.02) EPS, Q2 2027 earnings at ($0.17) EPS, Q4 2027 earnings at $1.32 EPS, FY2027 earnings at $0.28 EPS and Q2 2028 earnings at $1.80 EPS.

NBR has been the topic of a number of other reports. Piper Sandler reissued an “overweight” rating and set a $130.00 target price (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Wall Street Zen cut shares of Nabors Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Morgan Stanley set a $110.00 target price on Nabors Industries in a report on Thursday, August 20th. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Susquehanna lowered their price target on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.57.

Nabors Industries Price Performance

Shares of NBR stock opened at $86.67 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75. The firm has a market cap of $1.38 billion, a P/E ratio of 6.45 and a beta of 1.00. Nabors Industries has a 1-year low of $36.62 and a 1-year high of $112.90. The firm has a fifty day moving average of $87.29 and a two-hundred day moving average of $88.27.

Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. The company had revenue of $814.79 million during the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.

Insiders Place Their Bets

In other Nabors Industries news, Director David Tudor sold 3,200 shares of Nabors Industries stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $92.30, for a total value of $295,360.00. Following the transaction, the director owned 5,264 shares in the company, valued at approximately $485,867.20. The trade was a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.32% of the company’s stock.

Institutional Investors Weigh In On Nabors Industries

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased 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 purchasing an additional 141 shares during the last quarter. Allworth Financial LP lifted its stake in Nabors Industries by 16.9% in the 2nd quarter. Allworth Financial LP now owns 1,134 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 164 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Nabors Industries by 0.7% in the 1st quarter. Kestra Advisory Services LLC now owns 24,937 shares of the oil and gas company’s stock valued at $2,146,000 after buying an additional 168 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Nabors Industries by 106.6% during the 2nd quarter. IFP Advisors Inc now owns 436 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Nabors Industries by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 6,390 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Key Stories Impacting Nabors Industries

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

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $0.28 from a projected loss of $0.72, while increasing its FY2028 estimate to $6.12 from $5.74. The firm also lifted Q4 2027 EPS to $1.32 from $0.26 and Q2 2028 EPS to $1.80 from $1.50. These revisions point to stronger expected earnings momentum and could support the stock. Nabors Industries stock information
• Positive Sentiment: Nearer-term estimates also improved slightly: Zacks raised Q3 2026 EPS to $(0.42) from $(0.45), Q4 2026 EPS to $0.05 from $0.01, and FY2026 EPS to $(3.95) from $(4.02). The revisions indicate losses may be narrowing, although the company remains unprofitable for the year.
• Neutral Sentiment: Zacks continues to rate Nabors Industries “Hold,” indicating that the improved long-term outlook has not yet justified a bullish recommendation. The broader analyst consensus is also Hold. Nabors Industries analyst recommendation
• Negative Sentiment: Zacks cut its Q1 2027 EPS forecast to $(0.02) from $0.07, signaling continued earnings volatility before the anticipated recovery. Nabors’ projected FY2026 loss of $(3.95) also remains worse than the current consensus estimate of $(3.69).

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land-based and offshore drilling services to exploration and production companies. The company operates a fleet of land drilling rigs, offshore platform rigs and other specialized drilling equipment, supporting customers throughout the well-construction process.

In addition to contract drilling, Nabors provides directional drilling, measurement-while-drilling, drilling optimization and other wellbore services.