Equities Analysts Offer Predictions for NBR FY2027 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities research analysts at Atb Cap Markets issued their FY2027 EPS estimates for Nabors Industries in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed expects that the oil and gas company will earn $0.54 per share for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share.

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

Nabors Industries Price Performance

Shares of NBR stock opened at $67.23 on Thursday. The firm has a market capitalization of $719.97 million, a price-to-earnings ratio of -3.66 and a beta of 2.05. Nabors Industries has a fifty-two week low of $59.67 and a fifty-two week high of $105.96. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The stock’s 50-day simple moving average is $74.57 and its 200-day simple moving average is $74.56.

Hedge Funds Weigh In On Nabors Industries

Several institutional investors and hedge funds have recently bought and sold shares of NBR. nVerses Capital LLC purchased a new stake in shares of Nabors Industries during the 3rd quarter valued at approximately $45,000. Signaturefd LLC lifted its stake in shares of Nabors Industries by 52.9% in the 3rd quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock valued at $88,000 after purchasing an additional 472 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Nabors Industries during the 2nd quarter worth $159,000. Wellington Management Group LLP acquired a new stake in shares of Nabors Industries during the 3rd quarter worth about $220,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Nabors Industries by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 181 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.