Zacks Research Issues Negative Estimate for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for Nabors Industries in a research report issued to clients and investors on Thursday, January 16th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $1.63 per share for the quarter, down from their prior forecast 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 commented on the stock. Susquehanna dropped their price objective on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a research note 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. Evercore ISI decreased their price objective on shares of Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research note on Thursday, October 24th. Citigroup boosted their target price on Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Barclays decreased their price target 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. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.00.

Nabors Industries Stock Performance

NYSE NBR opened at $66.65 on Monday. The business’s 50 day moving average price is $65.55 and its 200-day moving average price is $72.97. Nabors Industries has a fifty-two week low of $50.15 and a fifty-two week high of $105.96. The company has a market cap of $713.78 million, a P/E ratio of -3.62 and a beta of 2.05. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88.

Institutional Investors Weigh In On Nabors Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Investing LLC increased its stake in shares of Nabors Industries by 8.8% during the fourth quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 563 shares during the period. Geode Capital Management LLC increased its position in Nabors Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after purchasing an additional 3,054 shares during the period. Barclays PLC increased its position in Nabors Industries by 60.8% during the 3rd 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. Wellington Management Group LLP bought a new stake in shares of Nabors Industries in the 3rd quarter valued at about $220,000. Finally, Centiva Capital LP purchased a new stake in shares of Nabors Industries in the 3rd quarter worth approximately $531,000. 81.92% of the stock is owned by 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.