FY2026 EPS Estimates for Nabors Industries Ltd. (NYSE:NBR) Cut by Analyst

Nabors Industries Ltd. (NYSE:NBR) – Stock analysts at Zacks Research decreased their FY2026 EPS estimates for shares of Nabors Industries in a research report issued to clients and investors on Wednesday, March 27th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $10.66 per share for the year, down from their previous forecast of $11.14. The consensus estimate for Nabors Industries’ current full-year earnings is ($4.30) per share.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley reduced their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, February 12th. StockNews.com lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Atb Cap Markets lowered shares of Nabors Industries from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Susquehanna reiterated a “neutral” rating and set a $88.00 price objective on shares of Nabors Industries in a research note on Tuesday, February 13th. Finally, Benchmark lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Nabors Industries has a consensus rating of “Hold” and a consensus target price of $129.60.

Nabors Industries Trading Up 3.7 %

NYSE:NBR opened at $87.89 on Thursday. Nabors Industries has a one year low of $71.42 and a one year high of $141.47. The company has a debt-to-equity ratio of 4.63, a quick ratio of 1.23 and a current ratio of 1.36. The firm has a 50-day simple moving average of $82.73 and a 200-day simple moving average of $93.44.

Nabors Industries (NYSE:NBR) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.54) by ($2.30). Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%. The company had revenue of $737.84 million during the quarter, compared to analysts’ expectations of $749.52 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC acquired a new stake in shares of Nabors Industries in the first quarter valued at about $243,000. Raymond James & Associates acquired a new stake in shares of Nabors Industries in the first quarter valued at about $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Nabors Industries in the first quarter valued at about $251,000. Bank of New York Mellon Corp raised its position in shares of Nabors Industries by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 73,869 shares of the oil and gas company’s stock valued at $11,281,000 after buying an additional 907 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Nabors Industries by 108.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,779 shares of the oil and gas company’s stock valued at $576,000 after buying an additional 1,967 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

About Nabors Industries

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.