Nabors Industries Ltd. $NBR Shares Newly Bought by Ellsworth Advisors LLC

Posted by George Bondi on Oct 16th, 2026

Ellsworth Advisors LLC bought a new position in shares of Nabors Industries Ltd. (NYSE:NBR – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,526 shares of the oil and gas company’s stock, valued at approximately $822,000.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in Nabors Industries by 191.8% during the first quarter. Bank of America Corp DE now owns 151,922 shares of the oil and gas company’s stock worth $13,074,000 after purchasing an additional 99,852 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Nabors Industries in the second quarter valued at approximately $2,081,000. Arlington Capital Management Inc. acquired a new stake in Nabors Industries in the second quarter valued at approximately $3,144,000. Renaissance Technologies LLC grew its holdings in Nabors Industries by 236.0% in the first quarter. Renaissance Technologies LLC now owns 16,800 shares of the oil and gas company’s stock valued at $1,446,000 after purchasing an additional 11,800 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Nabors Industries in the second quarter valued at approximately $1,201,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Stock Down 1.9%

NBR opened at $76.73 on Friday. Nabors Industries Ltd. has a twelve month low of $39.18 and a twelve month high of $112.90. The company has a quick ratio of 1.75, a current ratio of 1.89 and a debt-to-equity ratio of 2.24. The company has a 50-day moving average price of $86.63 and a 200 day moving average price of $88.28. The company has a market cap of $1.22 billion, a PE ratio of 5.71 and a beta of 1.11.

Nabors Industries (NYSE:NBR – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The company had revenue of $814.79 million during the quarter. Sell-side analysts expect that Nabors Industries Ltd. will post -3.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

NBR has been the subject of several research analyst reports. Wall Street Zen downgraded Nabors Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Morgan Stanley set a $110.00 target price on Nabors Industries in a research report on Thursday, August 20th. Weiss Ratings raised shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Zacks Research cut shares of Nabors Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Finally, Barclays set a $93.00 price target on shares of Nabors Industries and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Nabors Industries presently has a consensus rating of “Hold” and an average target price of $103.43.

Get Our Latest Stock Analysis on NBR

Insider Buying and Selling

In other Nabors Industries 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 transaction of $295,360.00. Following the completion of the transaction, the director owned 5,264 shares of the company’s stock, valued at $485,867.20. This represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.32% of the company’s stock.

Nabors Industries Company Profile

(Free Report)

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.