Nabors Industries Ltd. (NYSE:NBR – Free Report) – Equities researchers at Zacks Research dropped their Q2 2026 earnings estimates for Nabors Industries in a note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $0.26 for the quarter, down from their prior estimate 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 analysts also recently issued reports on the stock. Citigroup upped 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 issued a $102.00 target price on shares of Nabors Industries in a research report on Wednesday, October 16th. Evercore ISI cut their price target on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating on the stock in a research report on Thursday, October 24th. Susquehanna decreased their price objective on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Finally, Barclays cut their target price on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.00.
Nabors Industries Trading Down 0.2 %
Shares of Nabors Industries stock opened at $61.57 on Tuesday. The company has a fifty day simple moving average of $68.21 and a 200-day simple moving average of $73.34. Nabors Industries has a 12-month low of $50.15 and a 12-month high of $105.96. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.43. The stock has a market cap of $659.35 million, a price-to-earnings ratio of -3.35 and a beta of 2.05.
Institutional Investors Weigh In On Nabors Industries
Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Nabors Industries by 6.2% in the 2nd 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 period. Geode Capital Management LLC boosted its holdings in shares of Nabors Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after acquiring an additional 3,054 shares in the last quarter. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 33,616 shares during the period. Bank of New York Mellon Corp raised 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 purchasing an additional 34,473 shares in the last quarter. Finally, Barclays PLC lifted its position in Nabors Industries by 60.8% in the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock valued at $7,241,000 after purchasing an additional 42,483 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.
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