NBR Stock Earnings Estimates Increased by Zacks Research

Key Points

• Zacks Research raised its Q3 2026 EPS forecast for Nabors Industries to a loss of $0.40 per share from a previous estimate of $0.42, while maintaining a “Hold” rating.
• Analyst sentiment remains cautious: two analysts rate NBR a Buy and six rate it a Hold, producing an average “Hold” rating and a consensus price target of $103.43.
• Nabors shares opened at $78.25, well below the analyst consensus target. Institutional investors own approximately 81.92% of the company, while a company director recently sold 3,200 shares.

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities researchers at Zacks Research raised their Q3 2026 EPS estimates for shares of Nabors Industries in a note issued to investors on Thursday, October 15th. Zacks Research analyst Team now forecasts that the oil and gas company will earn ($0.40) per share for the quarter, up from their prior forecast of ($0.42). Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Nabors Industries' current full-year earnings is ($3.54) per share. Zacks Research also issued estimates for Nabors Industries' FY2026 earnings at ($3.91) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.20) EPS, Q4 2027 earnings at $1.61 EPS and FY2027 earnings at $0.52 EPS.

Several other equities analysts have also issued reports on the stock. Piper Sandler reiterated an "overweight" rating and set a $130.00 target price (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Weiss Ratings raised Nabors Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Barclays set a $93.00 price target on Nabors Industries and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Susquehanna reissued a "neutral" rating and issued a $91.00 target price (up from $85.00) on shares of Nabors Industries in a research note on Monday, October 5th. Finally, Wall Street Zen cut shares of Nabors Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Nabors Industries has an average rating of "Hold" and an average target price of $103.43.

Nabors Industries Price Performance

Shares of NBR opened at $78.25 on Monday. The stock has a market cap of $1.25 billion, a PE ratio of 5.82 and a beta of 1.11. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.75 and a current ratio of 1.89. Nabors Industries has a fifty-two week low of $39.22 and a fifty-two week high of $112.90. The firm's 50-day simple moving average is $86.57 and its two-hundred day simple moving average is $88.22.

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

Insider Activity

In related news, Director David Tudor sold 3,200 shares of Nabors Industries stock in a transaction on Friday, August 28th. The stock was sold at an average price of $92.30, for a total value of $295,360.00. Following the completion of the sale, the director owned 5,264 shares of the company's stock, valued at $485,867.20. The trade was a 37.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.32% of the stock is currently owned by company insiders.

Institutional Trading of Nabors Industries

A number of hedge funds have recently bought and sold shares of NBR. EverSource Wealth Advisors LLC raised its position in Nabors Industries by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company's stock worth $54,000 after acquiring an additional 141 shares during the period. Allworth Financial LP boosted its stake in shares of Nabors Industries by 16.9% during the 2nd quarter. Allworth Financial LP now owns 1,134 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 164 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Nabors Industries by 0.7% during the 1st quarter. Kestra Advisory Services LLC now owns 24,937 shares of the oil and gas company's stock worth $2,146,000 after acquiring an additional 168 shares during the last quarter. IFP Advisors Inc grew its position in shares of Nabors Industries by 106.6% during the 2nd quarter. IFP Advisors Inc now owns 436 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 225 shares during the period. Finally, HB Wealth Management LLC grew its position in shares of Nabors Industries by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 6,390 shares of the oil and gas company's stock valued at $537,000 after acquiring an additional 233 shares during the period. Hedge funds and other institutional investors own 81.92% of the company's stock.

Nabors Industries Company Profile

Nabors Industries Ltd. NYSE: NBR is an international drilling contractor that provides land-based and offshore drilling services to oil and natural gas exploration and production companies. The company operates a fleet of drilling rigs and supplies related equipment, personnel and technical expertise for drilling and well-construction projects.

Its services include contract land drilling, offshore drilling, directional drilling and drilling-related services. Nabors also develops and provides drilling automation, software and other technologies intended to improve operational efficiency, safety and well placement.

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