Nabors Industries Ltd. (NYSE:NBR - Free Report) - Stock analysts at Zacks Research boosted their FY2025 earnings estimates for shares of Nabors Industries in a report issued on Friday, April 12th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $5.00 for the year, up from their prior forecast of $4.72. The consensus estimate for Nabors Industries' current full-year earnings is ($4.32) per share.
Several other analysts have also recently commented on the company. Morgan Stanley decreased their target price on Nabors Industries from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Monday, February 12th. Atb Cap Markets cut shares of Nabors Industries from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 22nd. Benchmark lowered shares of Nabors Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Finally, Susquehanna reissued a "neutral" rating and issued a $88.00 price target on shares of Nabors Industries in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $129.60.
View Our Latest Report on NBR
Nabors Industries Price Performance
NBR stock traded down $1.07 during midday trading on Monday, reaching $78.32. 173,254 shares of the company's stock traded hands, compared to its average volume of 244,648. The company has a 50-day simple moving average of $83.68 and a two-hundred day simple moving average of $89.19. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 4.63. Nabors Industries has a 1-year low of $71.42 and a 1-year high of $141.47. The company has a market cap of $741.69 million, a price-to-earnings ratio of -15.18 and a beta of 2.33.
Nabors Industries (NYSE:NBR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($1.54) by ($2.30). Nabors Industries had a negative return on equity of 17.50% and a negative net margin of 0.66%. The firm had revenue of $737.84 million for the quarter, compared to analyst estimates of $749.52 million.
Institutional Trading of Nabors Industries
Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of Nabors Industries by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,758 shares of the oil and gas company's stock worth $350,000 after purchasing an additional 95 shares during the period. Eaton Vance Management raised its position in shares of Nabors Industries by 2.2% in the 1st quarter. Eaton Vance Management now owns 4,437 shares of the oil and gas company's stock valued at $677,000 after acquiring an additional 97 shares during the period. Point72 Middle East FZE boosted its stake in Nabors Industries by 3.6% during the 2nd quarter. Point72 Middle East FZE now owns 3,341 shares of the oil and gas company's stock worth $311,000 after acquiring an additional 115 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Nabors Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 16,807 shares of the oil and gas company's stock valued at $2,070,000 after purchasing an additional 148 shares during the period. Finally, US Bancorp DE increased its stake in Nabors Industries by 72.1% in the second quarter. US Bancorp DE now owns 389 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 81.92% of the company's stock.
Nabors Industries Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Nabors Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nabors Industries wasn't on the list.
While Nabors Industries currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
