Zacks Research Issues Optimistic Forecast for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Stock analysts at Zacks Research upped their Q2 2026 EPS estimates for 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 earn ($1.57) per share for the quarter, up from their previous forecast of ($1.59). Zacks Research 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’ Q3 2026 earnings at ($0.51) EPS, Q4 2026 earnings at ($0.66) EPS, FY2026 earnings at ($4.28) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.55) EPS, Q3 2027 earnings at ($0.82) EPS, Q4 2027 earnings at $0.10 EPS and FY2027 earnings at ($1.37) EPS.

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

NBR has been the topic of a number of other reports. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.00 to $99.00 in a research note on Thursday, May 7th. Weiss Ratings cut Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Citigroup raised their target price on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Susquehanna decreased their target price on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their price target on shares of Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.57.

Nabors Industries Stock Performance

Shares of NBR stock opened at $83.88 on Monday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 6.57 and a beta of 0.96. The stock has a 50 day simple moving average of $92.13 and a 200-day simple moving average of $81.68. Nabors Industries has a 12-month low of $29.97 and a 12-month high of $112.90. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22.

Institutional Investors Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. increased its stake in Nabors Industries by 62.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock valued at $68,418,000 after purchasing an additional 485,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nabors Industries by 42.1% during the first quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after purchasing an additional 132,747 shares in the last quarter. Two Sigma Investments LP grew its holdings in Nabors Industries by 232.2% in the third quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock valued at $7,595,000 after purchasing an additional 129,904 shares during the last quarter. Marshall Wace LLP increased its position in shares of Nabors Industries by 446.9% in the fourth quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock valued at $7,206,000 after buying an additional 108,447 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Nabors Industries by 846.5% in the third quarter. Millennium Management LLC now owns 112,106 shares of the oil and gas company’s stock valued at $4,582,000 after buying an additional 100,262 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Nabors Industries News Summary

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

• Positive Sentiment: Zacks Research lifted its earnings estimates for several upcoming quarters and full-year periods, suggesting improving profitability expectations for Nabors Industries (NBR). Zacks Research Has Positive Forecast for NBR Q1 Earnings
• Positive Sentiment: The analyst firm maintained a Strong-Buy rating, which can reinforce investor confidence in the stock’s longer-term outlook for Nabors Industries Ltd. (NYSE: NBR).
• Neutral Sentiment: Even after the upgrades, Zacks Research still expects Nabors to report losses in multiple upcoming periods, so the near-term earnings picture remains challenged.

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.