NBR Stock Gets Increased EPS Estimate from Zacks Research

Key Points

• Zacks Research raised Nabors Industries’ Q4 2026 EPS estimate to $0.07 from $0.05, while maintaining a “Hold” rating. The firm projects FY2028 EPS of $6.50.
• Nabors reported a quarterly loss of $2.04 per share on revenue of $814.79 million, with a 7.64% net margin and negative 7.06% return on equity.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $103.43, while shares opened at $76.73, down 1.9%.

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities researchers at Zacks Research boosted their Q4 2026 earnings per share estimates for Nabors Industries in a research note issued to investors on Thursday, October 15th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $0.07 for the quarter, up from their previous estimate of $0.05. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Nabors Industries' current full-year earnings is ($3.65) per share. Zacks Research also issued estimates for Nabors Industries' Q1 2028 earnings at $1.62 EPS, Q2 2028 earnings at $1.86 EPS, Q3 2028 earnings at $1.60 EPS and FY2028 earnings at $6.50 EPS.

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

Several other equities research analysts have also commented on NBR. Barclays set a $93.00 price target on shares of Nabors Industries and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Nabors Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Susquehanna restated a "neutral" rating and set a $91.00 target price (up from $85.00) on shares of Nabors Industries in a report on Monday, October 5th. Morgan Stanley set a $110.00 target price on Nabors Industries in a research report on Thursday, August 20th. Finally, Wall Street Zen cut Nabors Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Nabors Industries presently has a consensus rating of "Hold" and an average target price of $103.43.

Nabors Industries Stock Down 1.9%

Shares of Nabors Industries stock opened at $76.73 on Friday. 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 has a 1 year low of $39.18 and a 1 year high of $112.90. The firm's 50-day moving average is $86.63 and its two-hundred day moving average is $88.28. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 5.71 and a beta of 1.11.

Insider Activity at Nabors Industries

In related news, Director David Tudor sold 3,200 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 5,264 shares in the company, valued at $485,867.20. The trade was a 37.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nabors Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Ellsworth Advisors LLC purchased a new position in Nabors Industries in the third quarter worth $822,000. State of Alaska Department of Revenue acquired a new position in Nabors Industries during the 3rd quarter valued at about $41,000. Arlington Capital Management Inc. purchased a new stake in Nabors Industries in the second quarter valued at about $3,144,000. Engineers Gate Manager LP raised its stake in Nabors Industries by 1,518.1% in the second 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 during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Nabors Industries in the second quarter worth about $106,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.