Zacks Research Issues Negative Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Analysts at Zacks Research lowered their Q2 2025 earnings estimates for shares of Nabors Industries in a research report issued to clients and investors on Wednesday, June 4th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn ($1.46) per share for the quarter, down from their previous forecast of ($0.98). 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 ($1.06) EPS, Q4 2025 earnings at ($0.75) EPS, Q1 2026 earnings at ($1.09) EPS, Q2 2026 earnings at ($0.52) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.33) EPS, FY2026 earnings at ($2.03) EPS, Q1 2027 earnings at $0.74 EPS and FY2027 earnings at $4.25 EPS.

NBR has been the topic of several other reports. Barclays reaffirmed an "underweight" rating and set a $28.00 price objective (down from $53.00) on shares of Nabors Industries in a report on Monday, May 19th. Royal Bank of Canada decreased their price target on shares of Nabors Industries from $47.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Citigroup decreased 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 note on Tuesday, May 13th. Morgan Stanley decreased their target price on Nabors Industries from $75.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.86.

Nabors Industries Trading Up 5.6%

Shares of NYSE:NBR opened at $30.09 on Monday. Nabors Industries has a 1 year low of $23.27 and a 1 year high of $105.96. The firm has a market capitalization of $472.37 million, a price-to-earnings ratio of -1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. The business's 50 day moving average price is $28.87 and its 200-day moving average price is $45.92.

Nabors Industries (NYSE:NBR - Get Free Report) last issued 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 business had revenue of $742.78 million for the quarter, compared to analysts' expectations of $706.49 million. Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.54) EPS.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brigade Capital Management LP purchased a new position in Nabors Industries in the 1st quarter worth approximately $37,653,000. Adage Capital Partners GP L.L.C. lifted its position in 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 worth $25,026,000 after buying an additional 490,000 shares in the last quarter. Barings LLC purchased a new position in Nabors Industries during the first quarter worth approximately $8,864,000. Miller Value Partners LLC lifted its position 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 in the last quarter. Finally, Two Sigma Investments LP lifted its position in Nabors Industries by 300.7% during the fourth quarter. Two Sigma Investments LP now owns 90,686 shares of the oil and gas company's stock worth $5,185,000 after buying an additional 135,877 shares in the last quarter. 81.92% of the stock is 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.

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