Zacks Research Issues Optimistic Estimate for NBR Earnings

Posted by Stanley Muller on Oct 16th, 2026

Nabors Industries Ltd. (NYSE:NBR – Free Report) – Stock analysts at Zacks Research raised their Q4 2026 earnings per share (EPS) estimates for Nabors Industries in a research report issued to clients and investors on Thursday, October 15th. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $0.07 for the quarter, up from their previous forecast of $0.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.65) per share. Zacks Research also issued estimates for Nabors Industries’ Q1 2028 earnings at $1.62 EPS, Q2 2028 earnings at $1.86 EPS, Q3 2028 earnings at $1.60 EPS and FY2028 earnings at $6.50 EPS.

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

A number of other equities analysts have also issued reports on NBR. Morgan Stanley set a $110.00 price target on shares of Nabors Industries in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Nabors Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Barclays set a $93.00 price objective on shares of Nabors Industries and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Susquehanna reissued a “neutral” rating and set a $91.00 target price (up from $85.00) on shares of Nabors Industries in a report on Monday, October 5th. Finally, Weiss Ratings raised shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nabors Industries has an average rating of “Hold” and a consensus price target of $103.43.

Check Out Our Latest Report on NBR

Nabors Industries Price Performance

Shares of NYSE:NBR opened at $76.73 on Friday. Nabors Industries has a twelve month low of $39.18 and a twelve month high of $112.90. The company’s 50 day moving average is $86.63 and its 200 day moving average is $88.28. 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 cap of $1.22 billion, a PE ratio of 5.71 and a beta of 1.11.

Insider Activity at Nabors Industries

In other news, Director David Tudor sold 3,200 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $92.30, for a total value of $295,360.00. Following the sale, the director owned 5,264 shares in the company, valued at $485,867.20. This represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Nabors Industries by 191.8% in the 1st 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 shares of Nabors Industries during the 2nd quarter worth approximately $2,081,000. Arlington Capital Management Inc. acquired a new stake in shares of Nabors Industries during the 2nd quarter worth approximately $3,144,000. Renaissance Technologies LLC increased its holdings in shares of Nabors Industries by 236.0% during the 1st 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 in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Nabors Industries during the 2nd quarter valued at approximately $1,201,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Nabors Industries Company Profile

(Get 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.