Zacks Research Analysts Boost Earnings Estimates for NBR

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research boosted their Q2 2026 earnings estimates for shares of Nabors Industries in a report released on Wednesday, July 1st. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of ($1.59) per share for the quarter, up from their prior estimate of ($1.63). The consensus estimate for Nabors Industries’ current full-year earnings is ($3.32) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at ($0.56) EPS, Q4 2026 earnings at ($0.71) EPS, FY2026 earnings at ($4.39) EPS, Q1 2027 earnings at ($0.18) EPS, Q2 2027 earnings at ($0.59) EPS, Q3 2027 earnings at ($0.91) EPS, Q4 2027 earnings at $0.04 EPS and FY2027 earnings at ($1.65) EPS.

A number of other research firms also recently weighed in on NBR. Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.00 to $99.00 in a research report on Thursday, May 7th. Piper Sandler increased their price objective on Nabors Industries from $84.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup raised 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, May 1st. 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 report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nabors Industries currently has an average rating of “Hold” and a consensus price target of $103.43.

Nabors Industries Price Performance

NBR stock opened at $77.87 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.97 and a quick ratio of 1.82. Nabors Industries has a 1 year low of $29.50 and a 1 year high of $112.90. The firm has a 50-day moving average of $95.39 and a 200 day moving average of $79.43. The company has a market cap of $1.15 billion, a P/E ratio of 6.10 and a beta of 0.96.

Nabors Industries (NYSE:NBR) last posted its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, topping the consensus estimate of ($2.49) by $0.95. The firm had revenue of $783.55 million during 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.18 EPS.

Institutional Trading of Nabors Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in Nabors Industries by 97.1% during the 1st quarter. AQR Capital Management LLC now owns 16,770 shares of the oil and gas company’s stock valued at $699,000 after buying an additional 8,260 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Nabors Industries by 11.5% in 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 acquiring an additional 570 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Nabors Industries by 19.1% during the second quarter. Cetera Investment Advisers now owns 8,570 shares of the oil and gas company’s stock valued at $240,000 after acquiring an additional 1,374 shares in the last quarter. Rhumbline Advisers raised its position in shares of Nabors Industries by 37.0% in the 2nd quarter. Rhumbline Advisers now owns 28,864 shares of the oil and gas company’s stock worth $809,000 after purchasing an additional 7,799 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Nabors Industries by 3.3% in the 2nd quarter. Invesco Ltd. now owns 55,830 shares of the oil and gas company’s stock worth $1,564,000 after purchasing an additional 1,764 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

More Nabors Industries News

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Nabors Industries to ($4.39) from ($4.79), implying a slightly less severe loss outlook.
• Positive Sentiment: The firm also increased its FY2027 EPS estimate to ($1.65) from ($1.96), indicating further improvement in the expected earnings path.
• Positive Sentiment: Several quarterly forecasts were revised higher, including Q1 2027, Q2 2027, Q3 2027, and Q4 2027, with Q4 2027 turning positive at $0.04 per share.
• Positive Sentiment: Longer-term estimates for FY2028 were also increased to $4.76, reinforcing the view that Nabors’ profitability could improve over time.
• Neutral Sentiment: Nabors Industries recently announced its 2nd quarter 2026 earnings conference call invitation, which is routine but keeps attention focused on the upcoming results. Nabors Industries Ltd. 2nd Quarter 2026 Earnings Conference Call Invitation
• Neutral Sentiment: A separate market commentary piece discussed Nabors’ deleveraging and its potential effect on the risk-reward profile, but it did not include a formal company update. Is Nabors Industries’ (NBR) Deleveraging Quietly Rewriting Its Risk‑Reward Profile for Investors?
• Negative Sentiment: Despite the upgrades, Zacks still sees Nabors losing money in the near term, including estimated losses for FY2026 and FY2027, which may limit upside enthusiasm.

Nabors Industries Company Profile

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.