Zacks Research Has Positive Forecast for NBR Q1 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research raised their Q1 2028 EPS estimates for shares of Nabors Industries in a research report issued to clients and investors on Thursday, July 16th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $1.27 per share for the quarter, up from their previous estimate of $1.19. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($2.96) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2028 earnings at $1.20 EPS and FY2028 earnings at $5.03 EPS.

Nabors Industries (NYSE:NBR) last posted its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.49) by $0.95. The company had revenue of $783.55 million during the quarter, compared to analyst estimates of $769.33 million. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.Nabors Industries’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share.

A number of other research firms have also recently commented on NBR. Susquehanna decreased their target price on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Citigroup increased their price objective on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $65.00 to $99.00 in a research note on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $100.00 price target (up from $80.00) on shares of Nabors Industries in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.57.

Nabors Industries Stock Performance

Shares of Nabors Industries stock opened at $83.88 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 6.57 and a beta of 0.96. The company has a 50-day simple moving average of $92.13 and a two-hundred day simple moving average of $81.48. Nabors Industries has a one year low of $29.97 and a one year high of $112.90. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Optiver Holding B.V. purchased a new position in shares of Nabors Industries in the first quarter worth about $309,000. Bank of America Corp DE boosted its position in Nabors Industries by 191.8% in the first quarter. Bank of America Corp DE now owns 151,922 shares of the oil and gas company’s stock valued at $13,074,000 after buying an additional 99,852 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Nabors Industries by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 141 shares during the last quarter. Royal Bank of Canada increased its holdings in Nabors Industries by 11.6% in the 1st quarter. Royal Bank of Canada now owns 58,099 shares of the oil and gas company’s stock worth $5,000,000 after buying an additional 6,057 shares during the period. Finally, Empowered Funds LLC increased its holdings in Nabors Industries by 41.6% in the 1st quarter. Empowered Funds LLC now owns 65,665 shares of the oil and gas company’s stock worth $5,651,000 after buying an additional 19,286 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

Key Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Zacks Research upgraded Nabors Industries (NBR) to Strong-Buy from Hold, signaling improved confidence in the shares.
• Positive Sentiment: Analysts lifted earnings estimates for Q2 2026, Q3 2026, Q4 2026, FY2026, several 2027 quarters, and FY2028, suggesting a stronger earnings outlook.
• Positive Sentiment: The biggest near-term revision was for Q4 2027, where estimated EPS rose to $0.10 from $0.04, reinforcing expectations for a recovery in profitability.
• Neutral Sentiment: The revisions are still coming off a weak earnings base, with consensus current full-year earnings at ($3.01) per share, so the business remains loss-making in the near term.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.