Zacks Research Issues Optimistic Forecast for NBR Earnings

Key Points

• Zacks Research raised Nabors Industries’ Q1 2028 EPS estimate to $1.33 from $1.27, while maintaining a “Hold” rating. The full-year consensus estimate remains a loss of $2.96 per share.
• Analyst sentiment is mixed, with two Buy ratings and six Holds producing an overall “Hold” consensus and an average price target of $101.14. Price targets range from $85 at Susquehanna to $130 at Piper Sandler.
• NBR shares opened at $94.02, while institutional investors and hedge funds own approximately 81.92% of the company. Nabors recently reported a quarterly loss of $2.04 per share on $814.79 million in revenue.

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Investment analysts at Zacks Research upped their Q1 2028 earnings per share (EPS) estimates for Nabors Industries in a report issued on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the oil and gas company will earn $1.33 per share for the quarter, up from their prior forecast of $1.27. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Nabors Industries' current full-year earnings is ($2.96) per share.

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

Nabors Industries Price Performance

Shares of NBR opened at $94.02 on Wednesday. The business's 50-day moving average is $85.35 and its two-hundred day moving average is $85.33. The company has a market capitalization of $1.39 billion, a P/E ratio of 7.00 and a beta of 0.98. Nabors Industries has a fifty-two week low of $31.10 and a fifty-two week high of $112.90. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.75 and a current ratio of 1.89.

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

Hedge Funds Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBR. Vanguard Group Inc. boosted its holdings in Nabors Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company's stock valued at $47,298,000 after purchasing an additional 13,424 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Nabors Industries in the 1st quarter valued at approximately $1,094,000. De Lisle Partners LLP acquired a new stake in shares of Nabors Industries during the 4th quarter worth approximately $1,542,000. Jennison Associates LLC acquired a new stake in shares of Nabors Industries during the 4th quarter worth approximately $1,029,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Nabors Industries by 236.0% during the 1st quarter. Renaissance Technologies LLC now owns 16,800 shares of the oil and gas company's stock worth $1,446,000 after buying an additional 11,800 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

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.

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