What is Atb Cap Markets’ Forecast for NBR FY2027 Earnings?

Nabors Industries Ltd. (NYSE:NBR) – Atb Cap Markets issued their FY2027 earnings estimates for Nabors Industries in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts 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 issued reports 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 research report on Thursday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Barclays lowered their price objective on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. 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 report on Thursday, October 31st. Finally, Susquehanna cut their price target on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Seven 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.com, the company has an average rating of “Hold” and a consensus target price of $97.00.

Nabors Industries Stock Down 2.0 %

Nabors Industries stock opened at $67.23 on Thursday. The firm has a market capitalization of $719.97 million, a P/E ratio of -3.66 and a beta of 2.05. The stock’s fifty day simple moving average is $74.57 and its 200-day simple moving average is $74.56. Nabors Industries has a twelve month low of $59.67 and a twelve 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NBR. Dimensional Fund Advisors LP grew its position 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 last quarter. Geode Capital Management LLC raised its holdings in Nabors Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock worth $13,286,000 after purchasing an additional 3,054 shares in the last quarter. American Century Companies Inc. raised its holdings 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 purchasing an additional 33,616 shares in the last quarter. Van ECK Associates Corp lifted its position in Nabors Industries by 6.8% in the second quarter. Van ECK Associates Corp now owns 197,177 shares of the oil and gas company’s stock valued at $14,031,000 after purchasing an additional 12,622 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Nabors Industries by 42.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company’s stock valued at $8,189,000 after purchasing an additional 34,473 shares in the last quarter. Institutional investors and hedge funds 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.