Nabors Industries (NBR) Projected to Post Earnings on Tuesday

Nabors Industries (NYSE:NBR - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of ($2.15) per share and revenue of $706.49 million for the quarter.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%. On average, analysts expect Nabors Industries to post $-6 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nabors Industries Price Performance

Shares of NYSE:NBR traded up $0.28 during trading on Friday, reaching $29.84. The company had a trading volume of 201,948 shares, compared to its average volume of 342,229. The stock has a market capitalization of $286.58 million, a P/E ratio of -1.33 and a beta of 1.49. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 5.95. Nabors Industries has a 12 month low of $25.11 and a 12 month high of $105.96. The company has a fifty day moving average of $37.15 and a two-hundred day moving average of $56.08.

Analyst Ratings Changes

NBR has been the topic of several recent research reports. Barclays reduced their price objective on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Susquehanna decreased their price objective on Nabors Industries from $45.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $71.17.

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.