Zacks Research Issues Pessimistic Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research decreased their Q3 2026 earnings per share estimates for shares of Nabors Industries in a research note issued to investors on Thursday, January 16th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $1.63 for the quarter, down from their prior estimate of $1.65. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries’ Q4 2026 earnings at $0.48 EPS and FY2026 earnings at $1.35 EPS.

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

Nabors Industries Stock Performance

Shares of Nabors Industries stock opened at $66.65 on Monday. The company’s 50 day moving average price is $65.90 and its two-hundred day moving average price is $72.99. The firm has a market capitalization of $713.78 million, a P/E ratio of -3.62 and a beta of 2.05. Nabors Industries has a fifty-two week low of $50.15 and a fifty-two week high of $105.96. The company has a debt-to-equity ratio of 5.43, a current ratio of 1.88 and a quick ratio of 1.63.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds and other institutional investors have recently bought and sold shares of NBR. Barclays PLC boosted its position in shares of Nabors Industries by 60.8% in the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock worth $7,241,000 after purchasing an additional 42,483 shares during the period. American Century Companies Inc. boosted its stake in Nabors Industries by 20.2% during the second quarter. American Century Companies Inc. now owns 200,250 shares of the oil and gas company’s stock worth $14,250,000 after buying an additional 33,616 shares during the period. Hsbc Holdings PLC bought a new position in Nabors Industries during the 2nd quarter valued at about $1,242,000. Dimensional Fund Advisors LP grew its stake in shares of Nabors Industries by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock valued at $20,634,000 after buying an additional 16,890 shares during the last quarter. Finally, PDT Partners LLC increased its stake in Nabors Industries by 49.7% in the third quarter. PDT Partners LLC now owns 46,659 shares of the oil and gas company’s stock worth $3,008,000 after purchasing an additional 15,494 shares during the period. 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.