Q1 EPS Forecast for Nabors Industries Reduced by Analyst

Key Points

• Analysts at Zacks Research have revised their Q1 2027 earnings per share (EPS) forecast for Nabors Industries, lowering it from $0.30 to $0.22.
• Nabors Industries reported a Q2 earnings miss with an EPS of ($2.71), falling short of the consensus estimate of ($2.05) by $0.66.
• The company's revenue for the recent quarter was $832.79 million, which was below the analyst estimates of $857.98 million, although it showed a 12.1% increase year-over-year.

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Investment analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for shares of Nabors Industries in a research report issued on Thursday, August 28th. Zacks Research analyst Team now anticipates that the oil and gas company will earn $0.22 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for Nabors Industries' current full-year earnings is ($6.22) per share. Zacks Research also issued estimates for Nabors Industries' Q2 2027 earnings at $0.25 EPS.

Nabors Industries (NYSE:NBR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The oil and gas company reported ($2.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.05) by ($0.66). Nabors Industries had a negative net margin of 3.51% and a negative return on equity of 35.99%. The business had revenue of $832.79 million for the quarter, compared to analyst estimates of $857.98 million. During the same period in the prior year, the company earned ($4.29) earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis.

Several other research analysts have also issued reports on NBR. Barclays reaffirmed an "underweight" rating and set a $28.00 target price (down from $53.00) on shares of Nabors Industries in a research report on Monday, May 19th. Citigroup reduced their target price on Nabors Industries from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler reiterated an "underweight" rating and set a $32.00 price target (up previously from $30.00) on shares of Nabors Industries in a research note on Thursday, August 14th. Morgan Stanley dropped their price target on Nabors Industries from $75.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. dropped their price target on Nabors Industries from $38.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Nabors Industries has an average rating of "Reduce" and a consensus target price of $43.00.

Nabors Industries Trading Up 2.9%

Shares of NYSE:NBR opened at $37.40 on Monday. The business's 50-day moving average is $32.84 and its 200 day moving average is $33.68. Nabors Industries has a 1 year low of $23.27 and a 1 year high of $86.10. The firm has a market capitalization of $588.50 million, a P/E ratio of -2.66 and a beta of 1.60. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.79 and a quick ratio of 1.63.

Hedge Funds Weigh In On Nabors Industries

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Nabors Industries during the fourth quarter worth approximately $36,000. Ameritas Investment Partners Inc. boosted its position in Nabors Industries by 58.5% during the second quarter. Ameritas Investment Partners Inc. now owns 1,444 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 533 shares in the last quarter. GAMMA Investing LLC boosted its position in Nabors Industries by 520.2% during the first quarter. GAMMA Investing LLC now owns 1,073 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 900 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Nabors Industries by 3,866.7% during the first quarter. Russell Investments Group Ltd. now owns 1,309 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Nabors Industries by 47.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,231 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

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.

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