FY2027 EPS Forecast for Nabors Industries Lowered by Analyst

Nabors Industries Ltd. (NYSE:NBR) – Analysts at Zacks Research lowered their FY2027 earnings per share (EPS) estimates for shares of Nabors Industries in a note issued to investors on Tuesday, June 10th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $4.15 per share for the year, down from their prior estimate of $4.25. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

Nabors Industries (NYSE:NBR) last issued its earnings results on Tuesday, April 29th. The oil and gas company reported ($7.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.64) by ($4.86). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. The business had revenue of $742.78 million during the quarter, compared to analysts’ expectations of $706.49 million. During the same period last year, the firm posted ($4.54) EPS. Nabors Industries’s quarterly revenue was up .3% compared to the same quarter last year.

Several other equities research analysts have also commented on NBR. JPMorgan Chase & Co. reduced their price target on shares of Nabors Industries from $38.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, May 28th. Morgan Stanley reduced their price target on shares of Nabors Industries from $75.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Susquehanna reduced their price target on shares of Nabors Industries from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Citigroup reduced their price target on shares of Nabors Industries from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Barclays reaffirmed an “underweight” rating and set a $28.00 price target (down previously from $53.00) on shares of Nabors Industries in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.86.

Nabors Industries Price Performance

NYSE NBR opened at $33.62 on Thursday. Nabors Industries has a 52 week low of $23.27 and a 52 week high of $105.96. The firm has a market capitalization of $527.83 million, a P/E ratio of -1.50 and a beta of 1.52. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 5.95. The company has a 50-day moving average price of $28.79 and a 200-day moving average price of $45.16.

Institutional Investors Weigh In On Nabors Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Nabors Industries in the 4th quarter worth approximately $36,000. US Bancorp DE increased its holdings in Nabors Industries by 234.9% in the 4th quarter. US Bancorp DE now owns 720 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 505 shares in the last quarter. GAMMA Investing LLC increased its holdings in Nabors Industries by 520.2% in the 1st quarter. GAMMA Investing LLC now owns 1,073 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 900 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Nabors Industries by 3,866.7% in the 1st quarter. Russell Investments Group Ltd. now owns 1,309 shares of the oil and gas company’s stock worth $55,000 after buying an additional 1,276 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Nabors Industries during the fourth quarter valued at about $97,000. 81.92% of the stock is 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.