Nabors Industries Ltd. (NYSE:NBR – Get Free Report) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $102.5714.
NBR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Zacks Research lowered Nabors Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Wall Street Zen lowered 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 research report on Thursday, August 20th. Finally, Barclays set a $93.00 target price on Nabors Industries and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th.
Read Our Latest Stock Report on NBR
Insiders Place Their Bets
Hedge Funds Weigh In On Nabors Industries
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arlington Capital Management Inc. acquired a new position in shares of Nabors Industries during the 2nd quarter worth $3,144,000. Engineers Gate Manager LP lifted its stake in shares of Nabors Industries by 1,518.1% in the second quarter. Engineers Gate Manager LP now owns 414,599 shares of the oil and gas company’s stock valued at $34,830,000 after purchasing an additional 388,976 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Nabors Industries in the second quarter valued at about $106,000. IFP Advisors Inc boosted its holdings 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 in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Nabors Industries by 273.7% during the second quarter. Squarepoint Ops LLC now owns 9,342 shares of the oil and gas company’s stock worth $785,000 after buying an additional 6,842 shares in the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.
Key Headlines 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, signaling expectations for a return to annual profitability.
- Positive Sentiment: Longer-term estimates also improved: FY2028 EPS increased to $6.12 from $5.74, while Q1 2028 EPS rose to $1.56 from $1.33 and Q2 2028 EPS to $1.80 from $1.50.
- Positive Sentiment: Nearer-term forecasts were modestly upgraded, including Q3 2026 EPS to a loss of $0.42 from $0.45, Q4 2026 EPS to $0.05 from $0.01, FY2026 EPS to a loss of $3.95 from $4.02, and Q2 2027 EPS to a loss of $0.17 from $0.19.
- Neutral Sentiment: Despite the improved outlook beyond 2026, Zacks still has a Hold recommendation, and the current full-year consensus remains a loss of approximately $3.69 per share.
- Negative Sentiment: Zacks lowered its Q1 2027 EPS forecast to a loss of $0.02 from projected earnings of $0.07, highlighting continued earnings volatility before the anticipated recovery.
- Negative Sentiment: Nabors’ recent quarterly results showed a loss of $2.04 per share on $814.8 million in revenue, while its debt-to-equity ratio of 2.24 indicates elevated leverage. These factors may temper investor enthusiasm despite the stronger longer-term forecasts.
Nabors Industries Stock Performance
NYSE:NBR opened at $85.20 on Thursday. 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 $1.36 billion, a price-to-earnings ratio of 6.34 and a beta of 1.00. The firm’s fifty day moving average price is $87.36 and its 200 day moving average price is $88.25. Nabors Industries has a 1-year low of $36.62 and a 1-year high of $112.90.
Nabors Industries (NYSE:NBR – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The oil and gas company reported ($2.04) EPS for the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.The firm had revenue of $814.79 million for the quarter. On average, sell-side analysts expect that Nabors Industries will post -3.65 EPS for the current year.
About Nabors Industries
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.
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