Zacks Research Issues Negative Estimate for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research lowered their Q1 2025 earnings per share estimates for Nabors Industries in a research report issued on Wednesday, April 2nd. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of ($2.81) per share for the quarter, down from their prior estimate 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.

Several other equities analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Susquehanna decreased their price target on Nabors Industries from $53.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their price objective on Nabors Industries from $115.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.33.

Nabors Industries Price Performance

Shares of NBR opened at $27.32 on Monday. Nabors Industries has a 12-month low of $26.23 and a 12-month high of $105.96. The stock has a market cap of $262.38 million, a P/E ratio of -1.22 and a beta of 1.49. The business’s fifty day moving average is $43.86 and its 200 day moving average is $60.06. 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 (NYSE:NBR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%.

Institutional Investors Weigh In On Nabors Industries

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Nabors Industries by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 696,155 shares of the oil and gas company’s stock valued at $39,799,000 after buying an additional 18,017 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Nabors Industries by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 289,632 shares of the oil and gas company’s stock worth $16,556,000 after purchasing an additional 27,849 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Nabors Industries by 12.0% in the 4th quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company’s stock worth $16,340,000 after purchasing an additional 30,537 shares during the period. Miller Value Partners LLC lifted its stake in Nabors Industries by 99.5% in the fourth quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company’s stock valued at $16,076,000 after purchasing an additional 140,230 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Nabors Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after purchasing an additional 3,054 shares during the period. 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.