Research Analysts Offer Predictions for NBR FY2027 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research issued their FY2027 earnings estimates for shares of Nabors Industries in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst R. Department expects that the oil and gas company will post earnings of $2.49 per share for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%.

Several other analysts have also issued reports on NBR. Barclays reduced their price objective on shares of Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Citigroup boosted their price target 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. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Nabors Industries presently has a consensus rating of “Hold” and an average target price of $79.40.

Nabors Industries Stock Performance

Shares of Nabors Industries stock opened at $39.77 on Thursday. The firm has a market cap of $381.91 million, a PE ratio of -1.78 and a beta of 2.02. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95. Nabors Industries has a 52 week low of $39.74 and a 52 week high of $105.96. The business’s fifty day simple moving average is $56.08 and its 200-day simple moving average is $67.13.

Hedge Funds Weigh In On Nabors Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of NBR. Public Employees Retirement System of Ohio purchased a new stake in Nabors Industries during the fourth quarter worth about $36,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Nabors Industries by 16.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,723 shares of the oil and gas company’s stock worth $1,413,000 after acquiring an additional 3,456 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Nabors Industries by 169.1% in the fourth quarter. Two Sigma Advisers LP now owns 29,600 shares of the oil and gas company’s stock valued at $1,692,000 after acquiring an additional 18,600 shares in the last quarter. Two Sigma Investments LP grew its stake in Nabors Industries by 300.7% during the 4th quarter. Two Sigma Investments LP now owns 90,686 shares of the oil and gas company’s stock worth $5,185,000 after purchasing an additional 135,877 shares in the last quarter. Finally, Thomist Capital Management LP acquired a new position in shares of Nabors Industries during the fourth quarter worth about $1,085,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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.