Zacks Research Has Pessimistic Outlook of NBR Q2 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Nabors Industries in a research note issued on Monday, January 6th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $0.26 for the quarter, down from their previous forecast of $0.37. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at $1.65 EPS, Q4 2026 earnings at $0.49 EPS and FY2026 earnings at $1.38 EPS.

Several other equities research analysts also recently weighed in on NBR. Evercore ISI reduced their price target on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating on the stock in a report on Thursday, October 24th. Susquehanna decreased their target price on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Citigroup boosted their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays reduced their price target on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price objective on shares of Nabors Industries in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.00.

Nabors Industries Trading Up 4.2 %

NBR stock opened at $64.07 on Tuesday. Nabors Industries has a twelve month low of $50.15 and a twelve month high of $105.96. The stock has a market capitalization of $686.13 million, a price-to-earnings ratio of -3.48 and a beta of 2.05. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.43. The firm’s fifty day simple moving average is $68.02 and its two-hundred day simple moving average is $73.31.

Hedge Funds Weigh In On Nabors Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Nabors Industries by 60.8% in the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock valued at $7,241,000 after acquiring an additional 42,483 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Nabors Industries during the 2nd quarter worth about $1,242,000. Centiva Capital LP purchased a new position in shares of Nabors Industries during the 3rd quarter valued at about $531,000. Dimensional Fund Advisors LP boosted its stake in shares of Nabors Industries by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock worth $20,634,000 after buying an additional 16,890 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Nabors Industries by 42.8% during the second quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company’s stock worth $8,189,000 after acquiring an additional 34,473 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Nabors Industries Company Profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.