Zacks Research Brokers Boost Earnings Estimates for NBR

Key Points

• Zacks Research raised Nabors Industries’ earnings forecasts, including Q3 2026 EPS to a loss of $0.45 from $0.51 and FY2027 EPS to a loss of $0.72 from $1.37. The firm projects a longer-term recovery, with FY2028 EPS estimated at $5.74.
• Despite improving estimates, Zacks maintained a “Hold” rating, and analysts’ average rating remains “Hold” with a $101.14 price target. Nabors is still expected to post losses in fiscal 2026.
• Financial risks remain significant: the company recently reported a quarterly loss of $2.04 per share and has a debt-to-equity ratio of 2.24. Institutional investors own approximately 81.92% of the stock.

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities researchers at Zacks Research raised their Q3 2026 EPS estimates for Nabors Industries in a research note issued to investors on Tuesday, August 18th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.45) per share for the quarter, up from their previous estimate of ($0.51). Zacks Research has a "Hold" rating on the stock. The consensus estimate for Nabors Industries' current full-year earnings is ($2.96) per share. Zacks Research also issued estimates for Nabors Industries' Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($4.02) EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at ($0.19) EPS, Q3 2027 earnings at ($0.85) EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at ($0.72) EPS, Q2 2028 earnings at $1.50 EPS and FY2028 earnings at $5.74 EPS.

A number of other brokerages have also issued reports on NBR. Barclays set a $93.00 price objective on shares of Nabors Industries and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Piper Sandler reiterated an "overweight" rating and issued a $130.00 price objective (up from $120.00) on shares of Nabors Industries in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Nabors Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Susquehanna reduced their price target on Nabors Industries from $105.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Finally, Citigroup raised their price objective on shares of Nabors Industries from $89.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nabors Industries presently has an average rating of "Hold" and an average price target of $101.14.

Nabors Industries Price Performance

NYSE:NBR opened at $91.88 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of 6.84 and a beta of 0.98. The stock has a 50 day moving average of $85.13 and a two-hundred day moving average of $85.51. Nabors Industries has a 12 month low of $31.22 and a 12 month high of $112.90. The company has a current ratio of 1.89, a quick ratio of 1.75 and a debt-to-equity ratio of 2.24.

Nabors Industries (NYSE:NBR - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) EPS for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The firm had revenue of $814.79 million for the quarter.

Institutional Investors Weigh In On Nabors Industries

Institutional investors have recently modified their holdings of the company. Islay Capital Management LLC acquired a new stake in Nabors Industries during the 4th quarter valued at $26,000. Quarry LP acquired a new stake in shares of Nabors Industries in the fourth quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nabors Industries during the 4th quarter valued at $40,000. EverSource Wealth Advisors LLC grew its position in Nabors Industries by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company's stock valued at $54,000 after acquiring an additional 141 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

More Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2027 EPS forecast to a loss of $0.72 from a loss of $1.37, increased FY2028 EPS estimates to $5.74 from $5.03, and lifted Q2 2028 estimates to $1.50 from $1.20. These revisions suggest analysts see significant earnings recovery potential beyond 2027.
• Positive Sentiment: Near-term forecasts were generally upgraded: Zacks raised estimates for Q3 2026 to a loss of $0.45 from $0.51, Q4 2026 to $0.01 from a loss of $0.66, Q1 2027 to $0.07 from a loss of $0.10, Q2 2027 to a loss of $0.19 from a loss of $0.55, and FY2026 to a loss of $4.02 from a loss of $4.28. The revisions indicate expectations for improving profitability, although the company is still projected to lose money in fiscal 2026.
• Neutral Sentiment: Analyst conviction remains limited: Zacks maintained a “Hold” rating despite the improved forecasts. Nabors’ current-year consensus EPS estimate remains a loss of $2.96, underscoring that the expected recovery is still several quarters away.
• Negative Sentiment: One later-period forecast moved lower: Zacks reduced its Q3 2027 EPS estimate to a loss of $0.85 from a loss of $0.82, highlighting continued volatility in the oilfield-services cycle.
• Negative Sentiment: Fundamental risks remain: Nabors recently reported a quarterly loss of $2.04 per share, while its debt-to-equity ratio of 2.24 reflects substantial leverage. Commentary questioning the investment case may also be weighing on sentiment. 2 reasons to avoid NBR and 1 stock to buy instead

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company's operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors' integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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