Zacks Research Analysts Boost Earnings Estimates for NBR

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research upped their Q2 2026 EPS estimates for shares of Nabors Industries in a research note issued to investors on Tuesday, April 21st. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($1.73) per share for the quarter, up from their previous estimate of ($1.94). The consensus estimate for Nabors Industries’ current full-year earnings is ($6.09) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at ($1.58) EPS, Q4 2026 earnings at ($1.65) EPS, FY2026 earnings at ($7.36) EPS, Q1 2027 earnings at ($0.70) EPS, Q2 2027 earnings at ($1.25) EPS, Q3 2027 earnings at ($1.56) EPS, Q4 2027 earnings at ($0.53) EPS, FY2027 earnings at ($4.05) EPS and FY2028 earnings at $2.14 EPS.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data on Wednesday, February 11th. The oil and gas company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($2.93) by $3.10. Nabors Industries had a net margin of 8.92% and a negative return on equity of 17.63%. The company had revenue of $797.53 million for the quarter, compared to analyst estimates of $795.82 million. During the same period in the prior year, the firm posted ($6.67) EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis.

A number of other equities research analysts have also commented on the stock. Wall Street Zen lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nabors Industries in a research note on Monday, December 29th. Susquehanna upped their price objective on shares of Nabors Industries from $70.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $77.00 price objective (up from $70.00) on shares of Nabors Industries in a research note on Friday, February 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price objective (up from $80.00) on shares of Nabors Industries in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Nabors Industries presently has a consensus rating of “Hold” and a consensus target price of $74.38.

Nabors Industries Trading Up 4.5%

NYSE:NBR opened at $86.58 on Thursday. The firm’s fifty day moving average is $79.68 and its 200-day moving average is $63.00. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.47 and a current ratio of 1.56. Nabors Industries has a 52 week low of $23.27 and a 52 week high of $92.38. The firm has a market cap of $1.27 billion, a P/E ratio of 5.25 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Islay Capital Management LLC bought a new position in Nabors Industries during the fourth quarter worth $26,000. Quarry LP bought a new position in Nabors Industries during the fourth quarter worth $33,000. CWM LLC boosted its stake in Nabors Industries by 244.6% during the third quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 631 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Nabors Industries during the fourth quarter worth $40,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Nabors Industries by 23.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 shares in the last quarter. 81.92% of the stock is owned by institutional investors.

About Nabors Industries

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.