Zacks Research Issues Positive Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research boosted their Q1 2028 earnings estimates for shares of Nabors Industries in a research note issued to investors on Wednesday, July 1st. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $1.19 for the quarter, up from their previous forecast of $1.12. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.32) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2028 earnings at $1.15 EPS and FY2028 earnings at $4.76 EPS.

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

A number of other research analysts also recently issued reports on NBR. Royal Bank Of Canada upped their price objective on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Susquehanna reiterated a “neutral” rating and set a $105.00 target price (up from $85.00) on shares of Nabors Industries in a research note on Thursday, April 30th. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $65.00 to $99.00 in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $100.00 price target (up from $80.00) on shares of Nabors Industries in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.43.

Nabors Industries Stock Performance

Shares of Nabors Industries stock opened at $76.98 on Thursday. The business’s fifty day simple moving average is $95.49 and its 200 day simple moving average is $79.27. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.03 and a beta of 0.96. Nabors Industries has a 12 month low of $29.50 and a 12 month high of $112.90. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22.

Institutional Trading of Nabors Industries

A number of large investors have recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. raised its stake in shares of Nabors Industries by 62.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock valued at $68,418,000 after buying an additional 485,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Nabors Industries by 42.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after acquiring an additional 132,747 shares during the period. Two Sigma Investments LP increased its holdings in Nabors Industries by 232.2% in the 3rd quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock worth $7,595,000 after acquiring an additional 129,904 shares during the last quarter. Marshall Wace LLP increased its holdings in Nabors Industries by 446.9% in the 4th quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock worth $7,206,000 after acquiring an additional 108,447 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Nabors Industries by 846.5% in the 3rd quarter. Millennium Management LLC now owns 112,106 shares of the oil and gas company’s stock valued at $4,582,000 after acquiring an additional 100,262 shares during the period. 81.92% of the stock is owned by hedge funds and other 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.