Nabors Industries Ltd. (NYSE:NBR) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Nabors Industries, with six holds and two buys among eight covering firms. The average 12-month price target is $102.57, compared with the stock’s reported price of $92.37.
• Institutional investors and hedge funds own 81.92% of Nabors’ shares, while several smaller funds recently initiated or increased positions.
• Nabors reported a quarterly loss of $2.04 per share on $814.8 million in revenue, and analysts expect a full-year loss. Although revised forecasts point to a potential drilling-business recovery, heavy spending, operational risks and energy-market volatility remain concerns.

Nabors Industries Ltd. (NYSE:NBR - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $102.5714.

A number of research firms recently commented on NBR. Morgan Stanley set a $110.00 price objective on Nabors Industries in a research note on Thursday. Barclays set a $93.00 target price on shares of Nabors Industries and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Nabors Industries from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Royal Bank Of Canada raised their price target on shares of Nabors Industries from $91.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 30th. Finally, Zacks Research downgraded Nabors Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th.

Hedge Funds Weigh In On Nabors Industries

Institutional investors have recently added to or reduced their stakes in the business. Islay Capital Management LLC acquired a new stake in Nabors Industries in the 4th quarter worth about $26,000. Quarry LP acquired a new position in shares of Nabors Industries during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Nabors Industries during the 4th quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Nabors Industries by 29.3% during the 1st 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. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 289 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Price Performance

NBR stock opened at $92.37 on Friday. Nabors Industries has a 1 year low of $33.66 and a 1 year high of $112.90. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.75 and a current ratio of 1.89. The stock's 50 day moving average price is $84.73 and its 200 day moving average price is $85.73. The firm has a market cap of $1.47 billion, a P/E ratio of 6.87 and a beta of 0.98.

Nabors Industries (NYSE:NBR - Get Free Report) last announced its earnings results 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 company had revenue of $814.79 million for the quarter. On average, sell-side analysts expect that Nabors Industries will post -3.69 earnings per share for the current fiscal year.

More Nabors Industries News

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.

Nabors Industries Company Profile

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.

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.

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