Zacks Research Has Positive Forecast for NBR Q1 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research upped their Q1 2028 earnings per share estimates for shares of Nabors Industries in a research note issued on Wednesday, June 10th. Zacks Research analyst Team now expects that the oil and gas company will earn $1.12 per share for the quarter, up from their prior forecast of $0.99. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.52) per share.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, beating analysts’ consensus estimates of ($2.49) by $0.95. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The firm had revenue of $783.55 million for the quarter, compared to analyst estimates of $769.33 million. During the same period in the prior year, the firm posted $2.18 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis.

A number of other research analysts have also commented on NBR. Piper Sandler upped 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. Barclays raised Nabors Industries from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $65.00 to $99.00 in a report on Thursday, May 7th. Weiss Ratings lowered Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their target price on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, UBS Group set a $70.00 target price on Nabors Industries in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nabors Industries has an average rating of “Hold” and an average price target of $103.43.

Nabors Industries Stock Performance

Shares of NYSE NBR opened at $102.73 on Thursday. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.97 and a quick ratio of 1.82. The stock’s fifty day moving average price is $93.55 and its two-hundred day moving average price is $75.53. Nabors Industries has a one year low of $27.18 and a one year high of $112.90. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 8.04 and a beta of 0.96.

Institutional Trading of Nabors Industries

A number of institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new stake in shares of Nabors Industries during the 1st quarter valued at $309,000. Bank of America Corp DE lifted its position in shares of Nabors Industries by 191.8% during the 1st quarter. Bank of America Corp DE now owns 151,922 shares of the oil and gas company’s stock valued at $13,074,000 after acquiring an additional 99,852 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Nabors Industries by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 141 shares during the period. Royal Bank of Canada lifted its position in shares of Nabors Industries by 11.6% during the 1st quarter. Royal Bank of Canada now owns 58,099 shares of the oil and gas company’s stock worth $5,000,000 after buying an additional 6,057 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Nabors Industries by 41.6% during the 1st quarter. Empowered Funds LLC now owns 65,665 shares of the oil and gas company’s stock worth $5,651,000 after buying an additional 19,286 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

Nabors Industries Company Profile

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.