Nabors Industries Ltd. (NYSE:NBR – Free Report) – Research analysts at Zacks Research upped their Q2 2026 earnings estimates for Nabors Industries in a report issued on Thursday, July 16th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of ($1.57) per share for the quarter, up from their previous forecast of ($1.59). Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($2.96) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at ($0.51) EPS, Q4 2026 earnings at ($0.66) EPS, FY2026 earnings at ($4.28) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.55) EPS, Q3 2027 earnings at ($0.82) EPS, Q4 2027 earnings at $0.10 EPS and FY2027 earnings at ($1.37) EPS.
Several other analysts also recently issued reports on the stock. Susquehanna decreased their price objective on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings cut Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Citigroup increased their price target on Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Barclays raised Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $65.00 to $99.00 in a research note on Thursday, May 7th. Finally, Piper Sandler boosted their price objective on Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.
Nabors Industries Stock Performance
Shares of NYSE:NBR opened at $82.89 on Monday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.49 and a beta of 0.96. Nabors Industries has a 12 month low of $30.13 and a 12 month high of $112.90. The firm’s 50-day moving average is $91.79 and its 200 day moving average is $81.87. 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 – Get Free Report) last announced its earnings results 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 net margin of 7.32% and a negative return on equity of 8.66%. The business had revenue of $783.55 million for the quarter, compared to the consensus estimate of $769.33 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 13,424 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nabors Industries by 77.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,313 shares of the oil and gas company’s stock worth $2,751,000 after buying an additional 29,408 shares during the last quarter. De Lisle Partners LLP acquired a new position in shares of Nabors Industries during the fourth quarter worth $1,542,000. Jennison Associates LLC acquired a new position in Nabors Industries during the 4th quarter valued at about $1,029,000. Finally, UBS Group AG increased its holdings in shares of Nabors Industries by 8.7% during the fourth quarter. UBS Group AG now owns 72,764 shares of the oil and gas company’s stock valued at $3,951,000 after acquiring an additional 5,830 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.
About Nabors Industries
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.
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