Jennison Associates LLC Takes $1.03 Million Position in Nabors Industries Ltd. $NBR

Jennison Associates LLC acquired a new position in Nabors Industries Ltd. (NYSE:NBR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,954 shares of the oil and gas company’s stock, valued at approximately $1,029,000. Jennison Associates LLC owned about 0.13% of Nabors Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NBR. Adage Capital Partners GP L.L.C. grew its stake in Nabors Industries by 25.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 750,000 shares of the oil and gas company’s stock worth $21,015,000 after buying an additional 150,000 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Nabors Industries by 232.2% during the 3rd quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock valued at $7,595,000 after buying an additional 129,904 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of Nabors Industries by 26.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 491,795 shares of the oil and gas company’s stock worth $20,100,000 after acquiring an additional 104,219 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Nabors Industries by 846.5% during the 3rd quarter. Millennium Management LLC now owns 112,106 shares of the oil and gas company’s stock worth $4,582,000 after acquiring an additional 100,262 shares during the last quarter. Finally, BROOKFIELD Corp ON purchased a new position in Nabors Industries in the second quarter worth $2,170,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

Nabors Industries Trading Up 0.0%

NYSE:NBR opened at $100.98 on Monday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 7.91 and a beta of 1.01. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 2.22. The company has a fifty day moving average of $82.61 and a 200 day moving average of $65.40. Nabors Industries Ltd. has a 52 week low of $23.27 and a 52 week high of $105.17.

Nabors Industries (NYSE:NBR) last released its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.49) by $0.95. The firm had revenue of $783.55 million for the quarter, compared to analysts’ expectations of $769.33 million. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 earnings per share. On average, research analysts predict that Nabors Industries Ltd. will post -5.91 earnings per share for the current year.

More Nabors Industries News

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

• Positive Sentiment: Multiple brokers lifted targets and raised their stance on NBR, signaling analyst optimism that supports upside. Piper Sandler raised its target to $120 and moved to overweight, citing momentum; (Benzinga, TickerReport). Piper Sandler upgrade TickerReport
• Positive Sentiment: Royal Bank of Canada raised its target to $120 (sector perform), another vote of confidence that implies meaningful upside from current levels. RBC price-target raise
• Positive Sentiment: Citigroup boosted its price target to $110 while maintaining a neutral rating — the higher target still supports upside even though the rating is cautious. Citigroup price-target raise
• Positive Sentiment: Q1 results: Nabors reported a narrower‑than‑expected loss and revenues that beat consensus, showing improving operations and demand. That beat is underpinning the analyst upgrades. Zacks Q1 earnings recap
• Positive Sentiment: Company guidance/plan: Nabors expects Q2 capex of $180–$190M, including $75–$80M for newbuilds in Saudi Arabia — a sign of continued investment in growth and backlog conversion. Capex guidance detail
• Neutral Sentiment: The company posted its full Q1 earnings presentation and call materials — useful for drilling into segment performance and backlog but not an immediate catalyst by itself. Earnings presentation
• Neutral Sentiment: Market commentary pieces have highlighted NBR as a momentum pick, which can attract short‑term flows but is opinion‑driven rather than news‑driven. Zacks momentum piece

Analyst Ratings Changes

A number of research firms recently commented on NBR. Royal Bank Of Canada increased their target price on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday. Barclays upped their price objective on Nabors Industries from $50.00 to $65.00 and gave the stock an “underweight” rating in a report on Wednesday, February 25th. Citigroup increased their price objective on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday. Piper Sandler raised their price objective on Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 target price (up from $80.00) on shares of Nabors Industries in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.38.

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.