NBR Stock Gets Stronger EPS Estimate from Zacks Research

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of Nabors Industries in a research report issued on Thursday, October 15th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of ($0.40) per share for the quarter, up from their previous forecast of ($0.42). Zacks Research has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.54) per share. Zacks Research also issued estimates for Nabors Industries’ FY2026 earnings at ($3.91) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.20) EPS, Q4 2027 earnings at $1.61 EPS and FY2027 earnings at $0.52 EPS.

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

NBR has been the subject of a number of other reports. Morgan Stanley set a $110.00 price objective on Nabors Industries in a research report on Thursday, August 20th. Piper Sandler reaffirmed an “overweight” rating and set a $130.00 price objective (up from $120.00) on shares of Nabors Industries in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Nabors Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Barclays set a $93.00 target price on shares of Nabors Industries and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.43.

Nabors Industries Stock Performance

Shares of NBR stock opened at $80.06 on Monday. Nabors Industries has a 1-year low of $40.55 and a 1-year high of $112.90. The company has a current ratio of 1.89, a quick ratio of 1.75 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 5.96 and a beta of 1.11. The stock’s fifty day simple moving average is $86.22 and its 200-day simple moving average is $88.18.

Hedge Funds Weigh In On Nabors Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in Nabors Industries by 106.6% during the second quarter. IFP Advisors Inc now owns 436 shares of the oil and gas company’s stock worth $37,000 after buying an additional 225 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Nabors Industries in the third quarter worth about $41,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $54,000 after buying an additional 141 shares during the last quarter. Allworth Financial LP lifted its position in shares of Nabors Industries by 16.9% in the second quarter. Allworth Financial LP now owns 1,134 shares of the oil and gas company’s stock worth $95,000 after buying an additional 164 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Nabors Industries during the 2nd quarter worth about $101,000. Institutional investors own 81.92% of the company’s stock.

Insider Activity at Nabors Industries

In related news, Director David Tudor sold 3,200 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was 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. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.32% of the company’s stock.

Nabors Industries Company Profile

Nabors Industries Ltd. (NYSE:NBR) is an international drilling contractor that provides land-based and offshore drilling services to oil and natural gas exploration and production companies. The company operates a fleet of drilling rigs and supplies related equipment, personnel and technical expertise for drilling and well-construction projects.

Its services include contract land drilling, offshore drilling, directional drilling and drilling-related services. Nabors also develops and provides drilling automation, software and other technologies intended to improve operational efficiency, safety and well placement.