What is Zacks Research’s Estimate for NBR FY2028 Earnings?

Nabors Industries Ltd. (NYSE:NBR) – Research analysts at Zacks Research issued their FY2028 earnings estimates for Nabors Industries in a report issued on Wednesday, February 25th. Zacks Research analyst Team expects that the oil and gas company will post earnings per share of $1.75 for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

NBR has been the topic of a number of other research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $77.00 price target (up from $70.00) on shares of Nabors Industries in a research note on Friday, February 13th. Citigroup reiterated a “neutral” rating and issued a $85.00 price objective (up from $60.00) on shares of Nabors Industries in a report on Tuesday. Wall Street Zen lowered Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Nabors Industries in a report on Monday, December 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $80.00 target price on shares of Nabors Industries in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

Nabors Industries Price Performance

Shares of NBR stock opened at $78.04 on Thursday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 4.73 and a beta of 0.99. Nabors Industries has a 12 month low of $23.27 and a 12 month high of $80.32. The company has a quick ratio of 1.47, a current ratio of 1.56 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average price of $63.84 and a 200 day moving average price of $50.93.

Nabors Industries (NYSE:NBR) last announced its earnings results on Wednesday, February 11th. The oil and gas company reported $0.17 EPS for the quarter, topping the consensus estimate of ($2.93) by $3.10. Nabors Industries had a negative return on equity of 17.63% and a net margin of 8.92%.The business had revenue of $805.13 million for the quarter, compared to the consensus estimate of $795.82 million. During the same period in the previous year, the business earned ($6.67) EPS. Nabors Industries’s revenue was up 9.0% compared to the same quarter last year.

Institutional Investors Weigh In On Nabors Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Islay Capital Management LLC acquired a new position in shares of Nabors Industries during the 4th quarter worth approximately $26,000. Quarry LP acquired a new stake in Nabors Industries during the 4th quarter valued at $33,000. CWM LLC boosted its position in Nabors Industries by 244.6% during the third quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 631 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Nabors Industries by 58.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,444 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 533 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Nabors Industries in the fourth quarter valued at about $40,000. 81.92% of the stock is owned by institutional investors.

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.