What is Zacks Research's Estimate for NBR FY2027 Earnings?

Nabors Industries Ltd. (NYSE:NBR - Free Report) - Research analysts at Zacks Research dropped their FY2027 EPS estimates for Nabors Industries in a research note issued to investors on Tuesday, June 10th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of $4.15 per share for the year, down from their prior forecast of $4.25. The consensus estimate for Nabors Industries' current full-year earnings is ($6.22) per share.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Nabors Industries from $38.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 28th. Royal Bank of Canada lowered their target price on 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. Barclays reissued an "underweight" rating and issued a $28.00 price target (down previously from $53.00) on shares of Nabors Industries in a research note on Monday, May 19th. Morgan Stanley lowered their price target 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. Finally, Susquehanna lowered their price target on Nabors Industries from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $42.86.

Nabors Industries Trading Down 2.2%

NBR traded down $0.77 during trading on Thursday, reaching $33.62. The company had a trading volume of 261,009 shares, compared to its average volume of 381,298. The firm's 50-day simple moving average is $28.71 and its 200 day simple moving average is $45.44. The company has a market cap of $527.83 million, a price-to-earnings ratio of -1.50 and a beta of 1.52. Nabors Industries has a 12-month low of $23.27 and a 12-month high of $105.96. The company has a debt-to-equity ratio of 5.95, a quick ratio of 1.52 and a current ratio of 1.75.

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) EPS for the quarter, missing the consensus estimate of ($2.64) by ($4.86). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. The business had revenue of $742.78 million during the quarter, compared to the consensus estimate of $706.49 million. During the same quarter last year, the firm posted ($4.54) earnings per share. Nabors Industries's revenue was up .3% compared to the same quarter last year.

Institutional Investors Weigh In On Nabors Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Nabors Industries by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,233 shares of the oil and gas company's stock worth $299,000 after purchasing an additional 228 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Nabors Industries by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,780 shares of the oil and gas company's stock worth $502,000 after purchasing an additional 459 shares during the last quarter. State of Wyoming lifted its holdings in Nabors Industries by 20.5% in the 1st quarter. State of Wyoming now owns 2,941 shares of the oil and gas company's stock worth $123,000 after purchasing an additional 500 shares during the last quarter. US Bancorp DE lifted its holdings in Nabors Industries by 234.9% in the 4th quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 505 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Nabors Industries by 11.5% during the first quarter. Dynamic Technology Lab Private Ltd now owns 5,540 shares of the oil and gas company's stock worth $231,000 after buying an additional 570 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.