Q3 EPS Forecast for Nabors Industries Boosted by Analyst

Nabors Industries Ltd. (NYSE:NBR) – Equities research analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Nabors Industries in a report released on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($0.45) per share for the quarter, up from their prior forecast of ($0.51). Zacks Research has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($2.96) per share. Zacks Research also issued estimates for Nabors Industries’ Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($4.02) EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at ($0.19) EPS, Q3 2027 earnings at ($0.85) EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at ($0.72) EPS, Q2 2028 earnings at $1.50 EPS and FY2028 earnings at $5.74 EPS.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. Nabors Industries had a negative return on equity of 7.06% and a net margin of 7.64%.The company had revenue of $814.79 million during the quarter.

Several other equities research analysts have also recently commented on the company. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Susquehanna reduced their price objective on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $130.00 target price (up from $120.00) on shares of Nabors Industries in a research report on Thursday, July 30th. Citigroup boosted their price objective on shares of Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut Nabors Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.14.

Nabors Industries Price Performance

Shares of NBR opened at $91.88 on Thursday. Nabors Industries has a one year low of $31.22 and a one year high of $112.90. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.84 and a beta of 0.98. The stock’s fifty day moving average is $85.13 and its 200-day moving average is $85.51. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.75 and a current ratio of 1.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Nabors Industries by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 141 shares in the last quarter. Kestra Advisory Services LLC raised its position in Nabors Industries by 0.7% in the 1st quarter. Kestra Advisory Services LLC now owns 24,937 shares of the oil and gas company’s stock valued at $2,146,000 after purchasing an additional 168 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Nabors Industries by 2.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,634 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 173 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of 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 purchasing an additional 289 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Nabors Industries by 24.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,754 shares of the oil and gas company’s stock worth $95,000 after buying an additional 341 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Nabors Industries

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2027 EPS forecast to a loss of $0.72 from a loss of $1.37, increased FY2028 EPS estimates to $5.74 from $5.03, and lifted Q2 2028 estimates to $1.50 from $1.20. These revisions suggest analysts see significant earnings recovery potential beyond 2027.
• Positive Sentiment: Near-term forecasts were generally upgraded: Zacks raised estimates for Q3 2026 to a loss of $0.45 from $0.51, Q4 2026 to $0.01 from a loss of $0.66, Q1 2027 to $0.07 from a loss of $0.10, Q2 2027 to a loss of $0.19 from a loss of $0.55, and FY2026 to a loss of $4.02 from a loss of $4.28. The revisions indicate expectations for improving profitability, although the company is still projected to lose money in fiscal 2026.
• Neutral Sentiment: Analyst conviction remains limited: Zacks maintained a “Hold” rating despite the improved forecasts. Nabors’ current-year consensus EPS estimate remains a loss of $2.96, underscoring that the expected recovery is still several quarters away.
• Negative Sentiment: One later-period forecast moved lower: Zacks reduced its Q3 2027 EPS estimate to a loss of $0.85 from a loss of $0.82, highlighting continued volatility in the oilfield-services cycle.
• Negative Sentiment: Fundamental risks remain: Nabors recently reported a quarterly loss of $2.04 per share, while its debt-to-equity ratio of 2.24 reflects substantial leverage. Commentary questioning the investment case may also be weighing on sentiment. 2 reasons to avoid NBR and 1 stock to buy instead

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.