FY2026 EPS Estimates for Nabors Industries Ltd. Boosted by Zacks Research (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research raised their FY2026 EPS estimates for Nabors Industries in a report released on Monday, May 6th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $11.85 for the year, up from their previous forecast of $11.54. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.91) per share.

Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported ($5.16) earnings per share for the quarter, missing the consensus estimate of ($2.24) by ($2.92). The business had revenue of $743.91 million for the quarter, compared to analyst estimates of $730.59 million. Nabors Industries had a negative return on equity of 23.52% and a negative net margin of 3.45%.

NBR has been the subject of a number of other reports. 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 research report on Monday, February 12th. Susquehanna reduced their target price on Nabors Industries from $88.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Benchmark restated a “hold” rating on shares of Nabors Industries in a research note on Thursday, April 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Nabors Industries currently has a consensus rating of “Hold” and an average target price of $127.80.

Nabors Industries Stock Up 4.4 %

Shares of NYSE:NBR opened at $76.49 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.23 and a debt-to-equity ratio of 4.81. The firm has a 50 day simple moving average of $81.94 and a 200-day simple moving average of $84.42. The company has a market capitalization of $818.44 million, a PE ratio of -5.54 and a beta of 2.37. Nabors Industries has a twelve month low of $70.25 and a twelve month high of $141.47.

Hedge Funds Weigh In On Nabors Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Nabors Industries by 111.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company’s stock valued at $32,415,000 after acquiring an additional 209,450 shares during the last quarter. Gendell Jeffrey L raised its stake in shares of Nabors Industries by 3.2% during the fourth quarter. Gendell Jeffrey L now owns 396,301 shares of the oil and gas company’s stock worth $32,350,000 after purchasing an additional 12,119 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Nabors Industries by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 295,256 shares of the oil and gas company’s stock worth $24,102,000 after purchasing an additional 13,324 shares during the period. Van ECK Associates Corp grew its position in Nabors Industries by 6.7% in the 4th quarter. Van ECK Associates Corp now owns 214,415 shares of the oil and gas company’s stock valued at $17,503,000 after buying an additional 13,552 shares during the last quarter. Finally, Apollo Management Holdings L.P. acquired a new position in Nabors Industries in the 4th quarter valued at $16,620,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Nabors Industries Company Profile

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.