Nabors Industries (NYSE:NBR) Sets New 52-Week High – Still a Buy?

Nabors Industries Ltd. (NYSE:NBR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $105.85 and last traded at $105.4440, with a volume of 157063 shares changing hands. The stock had previously closed at $103.67.

Nabors Industries News Summary

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

• Positive Sentiment: Zacks Research raised its FY2026 earnings estimate for Nabors Industries to a smaller loss of ($5.19) per share from ($7.36), suggesting better expected profitability ahead.
• Positive Sentiment: The firm also improved its FY2027 estimate to ($2.47) per share from ($4.05), and FY2028 to $3.90 per share from $2.14, signaling a more bullish long-term outlook for Nabors. Nabors Industries research report
• Positive Sentiment: Nearer-term estimate revisions were also favorable, including higher forecasts for Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which may indicate improving operating trends. Nabors Industries research report
• Positive Sentiment: A separate report said Nabors Industries’ price target was increased by 28.4% to $111.33, reinforcing the market’s more upbeat view of the stock. Price target increase article
• Neutral Sentiment: Another note said NBR shares moved above their 200-day moving average, a technical sign that can support sentiment but does not change fundamentals. Moving average article
• Neutral Sentiment: Analysts also maintained an average recommendation of “Hold”, which suggests the stock still has mixed Wall Street opinion despite the upward estimate revisions. Analyst recommendation article

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their target price on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. 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. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $65.00 to $99.00 in a report on Thursday, May 7th. Finally, Weiss Ratings cut Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nabors Industries currently has a consensus rating of “Hold” and an average price target of $93.63.

Nabors Industries Stock Up 1.6%

The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 8.25 and a beta of 1.01. The business has a 50-day simple moving average of $86.31 and a 200-day simple moving average of $68.70.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.49) by $0.95. The company had revenue of $783.55 million for 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 for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 EPS. On average, equities analysts anticipate that Nabors Industries Ltd. will post -4.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nabors Industries

A number of hedge funds have recently bought and sold shares of NBR. Islay Capital Management LLC acquired a new stake in Nabors Industries in the 4th quarter valued at about $26,000. Quarry LP acquired a new stake in Nabors Industries in the 4th quarter valued at about $33,000. CWM LLC raised its position in Nabors Industries by 244.6% in the 3rd quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 631 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Nabors Industries during the 4th quarter worth about $40,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 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. 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.