Nabors Industries (NYSE:NBR) Releases Quarterly Earnings Results, Misses Expectations By $1.10 EPS

Nabors Industries (NYSE:NBR) released its quarterly earnings results on Tuesday. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.14) by ($1.10), FiscalAI reports. The firm had revenue of $872.19 million for the quarter, compared to analyst estimates of $859.20 million. During the same quarter in the previous year, the company earned $16.85 EPS. Nabors Industries’s revenue was up 6.6% on a year-over-year basis.

Nabors Industries Stock Performance

NBR opened at $81.19 on Wednesday. Nabors Industries has a 12 month low of $44.04 and a 12 month high of $112.90. The business has a 50-day moving average of $85.03 and a two-hundred day moving average of $83.76.

Insider Buying and Selling at Nabors Industries

In other news, Director David Tudor sold 3,200 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $92.30, for a total transaction of $295,360.00. Following the transaction, the director directly owned 5,264 shares in the company, valued at $485,867.20. This represents a 37.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Susquehanna reissued a “neutral” rating and set a $91.00 price target (up from $85.00) on shares of Nabors Industries in a research report on Monday, October 5th. Barclays set a $93.00 price target on Nabors Industries and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Zacks Research cut Nabors Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Morgan Stanley set a $110.00 price objective on Nabors Industries in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $103.43.

Key Nabors Industries News

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

• Positive Sentiment: Third-quarter revenue rose 6.6% year over year to approximately $872 million, exceeding analyst expectations. Average rigs working increased to 177.1, while international drilling adjusted EBITDA climbed to $145.7 million and U.S. drilling adjusted EBITDA improved to $99.4 million. Nabors third-quarter 2026 results
• Positive Sentiment: Nabors reported a record international drilling daily adjusted gross margin of $19,060, quarterly adjusted EBITDA of $245.5 million and approximately $75 million in adjusted free cash flow. Management expects about $930 million of adjusted EBITDA and $100 million to $110 million of adjusted free cash flow for full-year 2026. Record international drilling margin
• Positive Sentiment: The company redeemed $100 million of its 9.125% notes, which should modestly reduce interest costs and leverage. Analysts’ previously published price targets also imply upside, although these targets may not reflect the latest results. Nabors analyst price targets
• Neutral Sentiment: Institutional positioning was mixed: 140 investors increased holdings while 98 reduced them. One reported insider transaction involved the sale of 3,200 shares, a limited but potentially cautious signal.
• Negative Sentiment: Nabors posted a diluted loss of $1.24 per share, substantially worse than the roughly $0.14-to-$0.36 loss analysts expected. The company swung to an $11.2 million net loss attributable to common shareholders from a profit in the prior-year period. Nabors Q3 loss and revenue report
• Negative Sentiment: Operating profit fell to $74.4 million, while cash from operations declined to $135.2 million. The earnings miss and weaker profitability appear to be outweighing the revenue growth and operational improvements.

About Nabors Industries

Nabors Industries Ltd. is a global provider of drilling and well-construction services to the oil and gas industry. The company operates land-based drilling rigs and offshore drilling units, serving exploration and production companies developing conventional and unconventional oil and natural gas resources.

Its services and products include contract drilling, directional drilling, measurement-while-drilling and logging-while-drilling technologies, wellbore placement, and drilling-related equipment.