Zacks Research Issues Pessimistic Outlook for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for Nabors Industries in a report issued on Tuesday, June 10th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of ($1.48) per share for the quarter, down from their prior forecast of ($1.46). The consensus estimate for Nabors Industries' current full-year earnings is ($6.22) per share. Zacks Research also issued estimates for Nabors Industries' Q3 2025 earnings at ($1.21) EPS, Q4 2025 earnings at ($0.86) EPS, Q1 2026 earnings at ($1.15) EPS, Q2 2026 earnings at ($0.58) EPS, Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at ($0.72) EPS, FY2026 earnings at ($2.61) EPS and Q1 2027 earnings at $0.92 EPS.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Nabors Industries from $38.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 28th. Susquehanna dropped their target price on Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Morgan Stanley cut their target price on Nabors Industries from $75.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Citigroup lowered their price target on shares of Nabors Industries from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays restated an "underweight" rating and set a $28.00 price objective (down from $53.00) on shares of Nabors Industries in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.86.

Nabors Industries Price Performance

Shares of NYSE NBR traded up $1.30 during trading on Friday, hitting $34.90. The company had a trading volume of 642,040 shares, compared to its average volume of 383,241. The firm has a market capitalization of $547.93 million, a price-to-earnings ratio of -1.56 and a beta of 1.52. The stock has a fifty day simple moving average of $28.79 and a two-hundred day simple moving average of $45.16. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95. Nabors Industries has a fifty-two week low of $23.27 and a fifty-two week high of $105.96.

Nabors Industries (NYSE:NBR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported ($7.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.64) by ($4.86). The company had revenue of $742.78 million during the quarter, compared to analyst estimates of $706.49 million. Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%. Nabors Industries's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted ($4.54) EPS.

Hedge Funds Weigh In On Nabors Industries

Large investors have recently modified their holdings of the business. Brigade Capital Management LP purchased a new stake in Nabors Industries in the 1st quarter valued at about $37,653,000. Adage Capital Partners GP L.L.C. increased its position in shares of Nabors Industries by 445.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 600,000 shares of the oil and gas company's stock valued at $25,026,000 after acquiring an additional 490,000 shares during the last quarter. Barings LLC purchased a new stake in shares of Nabors Industries in the 1st quarter valued at approximately $8,864,000. Miller Value Partners LLC lifted its holdings in shares of Nabors Industries by 99.5% in the 4th quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company's stock worth $16,076,000 after acquiring an additional 140,230 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Nabors Industries by 300.7% during the 4th quarter. Two Sigma Investments LP now owns 90,686 shares of the oil and gas company's stock worth $5,185,000 after purchasing an additional 135,877 shares during the period. Institutional investors and hedge funds 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.