Q1 EPS Forecast for Nabors Industries Boosted by Analyst

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research raised their Q1 2028 earnings per share (EPS) estimates for shares of Nabors Industries in a research note issued to investors on Tuesday, August 18th. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $1.33 for the quarter, up from their prior estimate of $1.27. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($2.96) per share.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, June 30th. The oil and gas company reported ($2.04) earnings per share (EPS) for the quarter. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The company had revenue of $814.79 million during the quarter.

A number of other research firms also recently issued reports on NBR. Royal Bank Of Canada boosted their price target 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. Susquehanna lowered their price objective on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Piper Sandler reissued an “overweight” rating and issued a $130.00 target price (up from $120.00) on shares of Nabors Industries in a research report on Thursday, July 30th. Finally, Barclays set a $93.00 price target on Nabors Industries and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.14.

Nabors Industries Trading Down 2.8%

Shares of NBR stock opened at $94.02 on Wednesday. Nabors Industries has a 1-year low of $31.10 and a 1-year high of $112.90. The firm has a market cap of $1.39 billion, a PE ratio of 7.00 and a beta of 0.98. The company has a 50-day moving average of $85.35 and a two-hundred day moving average of $85.33. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.89 and a quick ratio of 1.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NBR. AQR Capital Management LLC increased its position in shares of Nabors Industries by 97.1% in 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 purchasing an additional 8,260 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Nabors Industries by 11.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,540 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 570 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Nabors Industries by 19.1% during the 2nd quarter. Cetera Investment Advisers now owns 8,570 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 1,374 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Nabors Industries by 37.0% during the second 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 in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Nabors Industries by 3.3% during the second 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.

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.