Zacks Research Has Optimistic Outlook of NBR Q1 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research upped their Q1 2028 earnings per share estimates for Nabors Industries in a research report issued on Tuesday, April 21st. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $0.44 per share for the quarter, up from their previous estimate of $0.34. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.09) per share.

Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, February 11th. The oil and gas company reported $0.17 EPS for the quarter, topping the consensus estimate of ($2.93) by $3.10. The firm had revenue of $797.53 million during the quarter, compared to the consensus estimate of $795.82 million. Nabors Industries had a negative return on equity of 17.63% and a net margin of 8.92%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($6.67) earnings per share.

Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays boosted their target price on Nabors Industries from $50.00 to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 25th. Morgan Stanley reissued an “overweight” rating and set a $100.00 target price (up from $80.00) on shares of Nabors Industries in a research note on Wednesday, April 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nabors Industries in a research note on Monday, December 29th. Finally, Susquehanna boosted their target price on Nabors Industries from $70.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.38.

Nabors Industries Stock Up 4.5%

Shares of NYSE NBR opened at $82.83 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.47 and a debt-to-equity ratio of 2.22. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 5.02 and a beta of 0.87. Nabors Industries has a 12 month low of $23.27 and a 12 month high of $92.38. The stock has a 50-day moving average price of $79.36 and a two-hundred day moving average price of $62.83.

Institutional Trading of Nabors Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Nabors Industries by 10.3% during the third quarter. American Century Companies Inc. now owns 354,901 shares of the oil and gas company’s stock worth $14,505,000 after purchasing an additional 33,101 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Nabors Industries in the third quarter valued at approximately $1,063,000. Highbridge Capital Management LLC boosted its holdings in Nabors Industries by 26.9% in the third quarter. Highbridge Capital Management LLC now owns 491,795 shares of the oil and gas company’s stock valued at $20,100,000 after acquiring an additional 104,219 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Nabors Industries by 10.6% in the third quarter. Cibc World Market Inc. now owns 489,507 shares of the oil and gas company’s stock valued at $20,006,000 after acquiring an additional 46,802 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Nabors Industries by 77.6% in the third quarter. JPMorgan Chase & Co. now owns 67,313 shares of the oil and gas company’s stock valued at $2,751,000 after acquiring an additional 29,408 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

About Nabors Industries

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.