Bank of America Corp DE raised its stake in Nabors Industries Ltd. (NYSE:NBR - Free Report) by 191.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,922 shares of the oil and gas company's stock after acquiring an additional 99,852 shares during the period. Bank of America Corp DE owned approximately 1.03% of Nabors Industries worth $13,074,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of NBR. Islay Capital Management LLC purchased a new position in shares of Nabors Industries in the 4th quarter worth approximately $26,000. Quarry LP bought a new stake in Nabors Industries in the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd purchased a new position in Nabors Industries during the fourth quarter worth $40,000. EverSource Wealth Advisors LLC boosted its stake in Nabors Industries by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company's stock worth $54,000 after buying an additional 141 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in 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 valued at $63,000 after acquiring an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.
Nabors Industries Trading Up 0.6%
Shares of NBR stock opened at $92.37 on Friday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 6.87 and a beta of 0.98. Nabors Industries Ltd. has a fifty-two week low of $33.66 and a fifty-two week high of $112.90. The stock's fifty day moving average is $84.73 and its two-hundred day moving average is $85.73. 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 (NYSE:NBR - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The oil and gas company reported ($2.04) EPS for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The business had revenue of $814.79 million during the quarter. Research analysts expect that Nabors Industries Ltd. will post -2.83 earnings per share for the current fiscal year.
Key Stories Impacting Nabors Industries
Here are the key news stories impacting Nabors Industries this week:
- Positive Sentiment: Zacks raised several earnings forecasts: Estimates were increased for third-quarter 2026 EPS to $(0.45), fourth-quarter 2026 EPS to $0.01, full-year 2026 EPS to $(4.02), first-quarter 2027 EPS to $0.07, second-quarter 2027 EPS to $(0.19), full-year 2027 EPS to $(0.72), fourth-quarter 2027 EPS to $0.26, second-quarter 2028 EPS to $1.50, and full-year 2028 EPS to $5.74 from $5.03. These revisions suggest improving expectations for a recovery in Nabors’ drilling business. Zacks Research Issues Optimistic Estimate for NBR Earnings
- Positive Sentiment: Improved operating outlook: Zacks highlighted strong second-quarter execution and potential growth from Nabors’ Saudi Arabian operations. The stock has surged 155% over the past year, indicating strong momentum and optimism about the company’s longer-term growth prospects. Nabors Surges 155% in a Year: Here's How to Play the Stock
- Neutral Sentiment: Analyst stance remains cautious: Despite the upward estimate revisions, Zacks Research maintained a “Hold” rating. The consensus forecast still calls for a current-year loss of approximately $2.96 per share, while Nabors recently reported a quarterly loss of $2.04 per share on $814.8 million in revenue.
- Negative Sentiment: Risks could limit upside: Zacks noted heavy spending requirements and ongoing operational and energy-market risks. One forecast was also reduced slightly, with third-quarter 2027 EPS lowered to $(0.85) from $(0.82), underscoring that the recovery is expected to be uneven.
Analysts Set New Price Targets
A number of research firms recently issued reports on NBR. Zacks Research cut Nabors Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Royal Bank Of Canada upped their price objective on Nabors Industries from $91.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 30th. Piper Sandler reiterated an "overweight" rating and issued a $130.00 target price (up from $120.00) on shares of Nabors Industries in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of Nabors Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Susquehanna decreased their price target on shares of Nabors Industries from $105.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nabors Industries presently has a consensus rating of "Hold" and an average price target of $102.57.
Get Our Latest Research Report on Nabors Industries
Nabors Industries Company Profile
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Free Report)
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.
Featured Stories
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