Nabors Industries (NYSE:NBR) Sets New 1-Year High – Here’s Why

Shares of Nabors Industries Ltd. (NYSE:NBR) reached a new 52-week high on Friday . The company traded as high as $105.85 and last traded at $105.4440, with a volume of 157063 shares. The stock had previously closed at $103.67.

Nabors Industries News Summary

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Zacks Research raised its FY2026 earnings estimate for Nabors Industries to a smaller loss of ($5.19) per share from ($7.36), suggesting better expected profitability ahead.
• Positive Sentiment: The firm also improved its FY2027 estimate to ($2.47) per share from ($4.05), and FY2028 to $3.90 per share from $2.14, signaling a more bullish long-term outlook for Nabors. Nabors Industries research report
• Positive Sentiment: Nearer-term estimate revisions were also favorable, including higher forecasts for Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which may indicate improving operating trends. Nabors Industries research report
• Positive Sentiment: A separate report said Nabors Industries’ price target was increased by 28.4% to $111.33, reinforcing the market’s more upbeat view of the stock. Price target increase article
• Neutral Sentiment: Another note said NBR shares moved above their 200-day moving average, a technical sign that can support sentiment but does not change fundamentals. Moving average article
• Neutral Sentiment: Analysts also maintained an average recommendation of “Hold”, which suggests the stock still has mixed Wall Street opinion despite the upward estimate revisions. Analyst recommendation article

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NBR shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price objective (up from $80.00) on shares of Nabors Industries in a report on Wednesday, April 15th. Barclays raised shares of Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $65.00 to $99.00 in a research note on Thursday, May 7th. Royal Bank Of Canada raised their target price on shares of Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Susquehanna reissued a “neutral” rating and set a $105.00 target price (up from $85.00) on shares of Nabors Industries in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $93.63.

Nabors Industries Stock Performance

The company’s 50 day simple moving average is $86.82 and its 200 day simple moving average is $68.96. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 8.25 and a beta of 1.01. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.49) by $0.95. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The company had revenue of $783.55 million for the quarter, compared to analysts’ expectations of $769.33 million. During the same quarter in the previous year, the company posted $2.18 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Nabors Industries Ltd. will post -3.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NBR. Islay Capital Management LLC acquired a new position in shares of Nabors Industries in the fourth quarter worth about $26,000. Quarry LP acquired a new position in shares of Nabors Industries in the fourth quarter worth about $33,000. CWM LLC boosted its holdings in shares of Nabors Industries by 244.6% in the third quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock worth $36,000 after buying an additional 631 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Nabors Industries in the fourth quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Nabors Industries by 23.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after buying an additional 289 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

About Nabors Industries

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.