Analysts Offer Predictions for Nabors Industries Ltd.'s FY2026 Earnings (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Research analysts at Zacks Research cut their FY2026 earnings estimates for shares of Nabors Industries in a note issued to investors on Wednesday, March 27th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $10.66 per share for the year, down from their prior estimate of $11.14. The consensus estimate for Nabors Industries' current full-year earnings is ($4.30) per share.

Other research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Nabors Industries from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, February 12th. Susquehanna reaffirmed a "neutral" rating and set a $88.00 price objective on shares of Nabors Industries in a report on Tuesday, February 13th. Benchmark lowered shares of Nabors Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Atb Cap Markets lowered shares of Nabors Industries from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 22nd. Finally, StockNews.com downgraded Nabors Industries from a "buy" rating to a "hold" rating in a research report on Thursday, December 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $129.60.

Nabors Industries Stock Performance

Shares of NYSE:NBR traded down $1.83 during midday trading on Thursday, reaching $86.13. The company had a trading volume of 222,540 shares, compared to its average volume of 250,406. Nabors Industries has a 52-week low of $71.42 and a 52-week high of $141.47. The company's 50 day moving average price is $82.97 and its 200 day moving average price is $93.39. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 4.63. The stock has a market cap of $815.65 million, a P/E ratio of -16.69 and a beta of 2.33.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts' consensus estimates of ($1.54) by ($2.30). The business had revenue of $737.84 million for the quarter, compared to analysts' expectations of $749.52 million. Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%.

Hedge Funds Weigh In On Nabors Industries

A number of large investors have recently added to or reduced their stakes in NBR. BlackRock Inc. lifted its stake in shares of Nabors Industries by 8.8% in the 3rd quarter. BlackRock Inc. now owns 1,696,916 shares of the oil and gas company's stock valued at $172,152,000 after acquiring an additional 136,874 shares during the last quarter. Vanguard Group Inc. lifted its position in Nabors Industries by 8.6% in the third quarter. Vanguard Group Inc. now owns 750,842 shares of the oil and gas company's stock valued at $76,173,000 after purchasing an additional 59,309 shares during the last quarter. State Street Corp boosted its stake in shares of Nabors Industries by 15.2% during the first quarter. State Street Corp now owns 479,970 shares of the oil and gas company's stock valued at $58,512,000 after purchasing an additional 63,266 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Nabors Industries by 111.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company's stock worth $32,415,000 after purchasing an additional 209,450 shares during the last quarter. Finally, Gendell Jeffrey L increased its stake in shares of Nabors Industries by 3.2% in the fourth quarter. Gendell Jeffrey L now owns 396,301 shares of the oil and gas company's stock worth $32,350,000 after buying an additional 12,119 shares during the period. Hedge funds and other institutional investors own 81.92% of the company's stock.

About Nabors Industries

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.