FY2026 EPS Estimates for Nabors Industries Ltd. (NYSE:NBR) Lifted by Analyst

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Zacks Research raised their FY2026 earnings per share (EPS) estimates for Nabors Industries in a report issued on Monday, May 6th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $11.85 per share for the year, up from their previous estimate of $11.54. The consensus estimate for Nabors Industries' current full-year earnings is ($3.91) per share.

Other research analysts also recently issued research reports about the company. Benchmark reissued a "hold" rating on shares of Nabors Industries in a report on Thursday, April 25th. Morgan Stanley decreased their target price on Nabors Industries from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, February 12th. Finally, Susquehanna decreased their target price on Nabors Industries from $88.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, April 26th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $127.80.

Nabors Industries Stock Down 2.6 %

NBR traded down $1.95 on Wednesday, reaching $73.28. The company's stock had a trading volume of 116,670 shares, compared to its average volume of 243,127. The stock has a market cap of $784.10 million, a price-to-earnings ratio of -5.31 and a beta of 2.37. Nabors Industries has a 1 year low of $70.25 and a 1 year high of $141.47. The company has a debt-to-equity ratio of 4.81, a current ratio of 1.78 and a quick ratio of 1.23. The business's 50 day moving average is $82.07 and its 200 day moving average is $84.55.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($5.16) EPS for the quarter, missing analysts' consensus estimates of ($2.24) by ($2.92). The business had revenue of $743.91 million during the quarter, compared to analysts' expectations of $730.59 million. Nabors Industries had a negative net margin of 3.45% and a negative return on equity of 23.52%.

Institutional Trading of Nabors Industries

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of Nabors Industries by 2,022.2% during the first quarter. Russell Investments Group Ltd. now owns 764 shares of the oil and gas company's stock worth $67,000 after purchasing an additional 728 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Nabors Industries during the first quarter worth $471,000. Swiss National Bank raised its position in shares of Nabors Industries by 3.4% during the first quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company's stock worth $1,593,000 after purchasing an additional 600 shares during the period. GSA Capital Partners LLP raised its position in shares of Nabors Industries by 29.2% during the first quarter. GSA Capital Partners LLP now owns 32,992 shares of the oil and gas company's stock worth $2,842,000 after purchasing an additional 7,457 shares during the period. Finally, Hartree Partners LP raised its position in shares of Nabors Industries by 41.3% during the first quarter. Hartree Partners LP now owns 40,000 shares of the oil and gas company's stock worth $3,445,000 after purchasing an additional 11,690 shares during the period. 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.