Q1 EPS Forecast for Nabors Industries Lowered by Analyst

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for Nabors Industries in a report issued on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of ($2.81) per share for the quarter, down from their prior forecast of ($2.53). The consensus estimate for Nabors Industries' current full-year earnings is ($6.22) per share. Zacks Research also issued estimates for Nabors Industries' Q2 2025 earnings at ($1.10) EPS, Q3 2025 earnings at ($0.37) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($4.28) EPS, Q1 2026 earnings at ($1.36) EPS, Q2 2026 earnings at ($0.76) EPS, Q3 2026 earnings at $2.20 EPS, Q4 2026 earnings at $3.34 EPS, FY2026 earnings at $3.41 EPS, Q1 2027 earnings at ($0.28) EPS and FY2027 earnings at $7.65 EPS.

NBR has been the topic of several other reports. Morgan Stanley lowered their price objective on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Barclays lowered their price target on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna reduced their price objective on Nabors Industries from $53.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $73.33.

Nabors Industries Price Performance

Shares of NYSE NBR traded up $1.17 during trading on Monday, hitting $28.71. The company had a trading volume of 386,681 shares, compared to its average volume of 339,578. The firm has a market capitalization of $275.73 million, a price-to-earnings ratio of -1.28 and a beta of 1.49. The stock has a fifty day simple moving average of $41.70 and a two-hundred day simple moving average of $59.04. 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 $25.11 and a fifty-two week high of $105.96.

Nabors Industries (NYSE:NBR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%.

Institutional Investors Weigh In On Nabors Industries

Large investors have recently made changes to their positions in the stock. Miller Value Partners LLC boosted its stake in Nabors Industries by 99.5% during the fourth quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company's stock worth $16,076,000 after buying an additional 140,230 shares during the last quarter. Two Sigma Investments LP raised its holdings 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 acquiring an additional 135,877 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Nabors Industries during the 4th quarter valued at about $6,602,000. Millennium Management LLC grew its holdings in shares of Nabors Industries by 669.9% in the fourth quarter. Millennium Management LLC now owns 72,792 shares of the oil and gas company's stock valued at $4,162,000 after purchasing an additional 85,565 shares during the period. Finally, Barclays PLC increased its position in Nabors Industries by 74.6% during the fourth quarter. Barclays PLC now owns 196,108 shares of the oil and gas company's stock worth $11,211,000 after purchasing an additional 83,790 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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.