Zacks Research Has Positive Outlook for NBR Q1 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research lifted their Q1 2028 earnings per share estimates for shares of Nabors Industries in a note issued to investors on Wednesday, September 16th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $1.56 per share for the quarter, up from their prior estimate of $1.33. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.69) per share. Zacks Research also issued estimates for Nabors Industries’ FY2028 earnings at $6.12 EPS.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley set a $110.00 target price on shares of Nabors Industries in a research report on Thursday, August 20th. Barclays set a $93.00 price target on Nabors Industries and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Piper Sandler reissued an “overweight” rating and issued a $130.00 price objective (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded Nabors Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.57.

Nabors Industries Stock Down 4.0%

NYSE:NBR opened at $85.75 on Thursday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 6.38 and a beta of 1.00. Nabors Industries has a 1-year low of $36.62 and a 1-year high of $112.90. The company’s fifty day moving average price is $87.16 and its 200-day moving average price is $88.21. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75.

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

Insider Buying and Selling

In related news, Director David Tudor sold 3,200 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $92.30, for a total transaction of $295,360.00. Following the sale, the director owned 5,264 shares in the company, valued at approximately $485,867.20. This trade represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.32% of the company’s stock.

Institutional Investors Weigh In On Nabors Industries

Several hedge funds have recently modified their holdings of the company. Cibc World Market Inc. boosted its position in Nabors Industries by 2.0% during the fourth quarter. Cibc World Market Inc. now owns 499,147 shares of the oil and gas company’s stock worth $27,104,000 after purchasing an additional 9,640 shares in the last quarter. Dimensional Fund Advisors LP raised 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 buying an additional 132,747 shares during the period. Engineers Gate Manager LP lifted its position in shares of Nabors Industries by 1,518.1% during the 2nd quarter. Engineers Gate Manager LP now owns 414,599 shares of the oil and gas company’s stock valued at $34,830,000 after buying an additional 388,976 shares in the last quarter. 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 buying an additional 99,852 shares in the last quarter. Finally, UBS Group AG grew its stake in Nabors Industries by 8.7% in the 4th quarter. UBS Group AG now owns 72,764 shares of the oil and gas company’s stock valued at $3,951,000 after acquiring an additional 5,830 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land-based and offshore drilling services to exploration and production companies. The company operates a fleet of land drilling rigs, offshore platform rigs and other specialized drilling equipment, supporting customers throughout the well-construction process.

In addition to contract drilling, Nabors provides directional drilling, measurement-while-drilling, drilling optimization and other wellbore services.