Zacks Research Issues Positive Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Stock analysts at Zacks Research raised their Q3 2026 earnings per share estimates for Nabors Industries in a report released on Thursday, October 15th. Zacks Research analyst Team now forecasts that the oil and gas company will earn ($0.40) per share for the quarter, up from their previous estimate of ($0.42). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.54) per share. Zacks Research also issued estimates for Nabors Industries’ FY2026 earnings at ($3.91) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.20) EPS, Q4 2027 earnings at $1.61 EPS and FY2027 earnings at $0.52 EPS.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings results on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share for the quarter. The company 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%.

NBR has been the topic of several other reports. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Morgan Stanley set a $110.00 target price on Nabors Industries in a research note on Thursday, August 20th. Barclays set a $93.00 price target on shares of Nabors Industries and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Susquehanna restated a “neutral” rating and set a $91.00 price target (up from $85.00) on shares of Nabors Industries in a research report on Monday, October 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $130.00 target price (up from $120.00) on shares of Nabors Industries in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $103.43.

Nabors Industries Trading Up 2.3%

NYSE:NBR opened at $79.99 on Monday. Nabors Industries has a 12-month low of $39.84 and a 12-month high of $112.90. The firm has a market capitalization of $1.28 billion, a P/E ratio of 5.95 and a beta of 1.11. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75. The business has a 50 day simple moving average of $86.38 and a 200 day simple moving average of $88.18.

Insiders Place Their Bets

In other Nabors Industries news, Director David Tudor sold 3,200 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $92.30, for a total transaction of $295,360.00. Following the completion of the transaction, the director owned 5,264 shares in the company, valued at approximately $485,867.20. The trade was a 37.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NBR. EverSource Wealth Advisors LLC raised its stake in Nabors Industries by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 141 shares during the period. Allworth Financial LP lifted its holdings in shares of Nabors Industries by 16.9% in the second quarter. Allworth Financial LP now owns 1,134 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 164 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Nabors Industries by 0.7% in the first quarter. Kestra Advisory Services LLC now owns 24,937 shares of the oil and gas company’s stock valued at $2,146,000 after purchasing an additional 168 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Nabors Industries by 106.6% in the second quarter. IFP Advisors Inc now owns 436 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Nabors Industries by 3.8% in the second quarter. HB Wealth Management LLC now owns 6,390 shares of the oil and gas company’s stock worth $537,000 after buying an additional 233 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

About Nabors Industries

Nabors Industries Ltd. (NYSE:NBR) is an international drilling contractor that provides land-based and offshore drilling services to oil and natural gas exploration and production companies. The company operates a fleet of drilling rigs and supplies related equipment, personnel and technical expertise for drilling and well-construction projects.

Its services include contract land drilling, offshore drilling, directional drilling and drilling-related services. Nabors also develops and provides drilling automation, software and other technologies intended to improve operational efficiency, safety and well placement.