Brokerages Set Nabors Industries Ltd. (NYSE:NBR) Price Target at $103.43

Shares of Nabors Industries Ltd. (NYSE:NBR) have received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $103.4286.

NBR has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $100.00 price target (up from $80.00) on shares of Nabors Industries in a report on Wednesday, April 15th. Royal Bank Of Canada upped their price target on shares of Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Piper Sandler upped their price target on shares of Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, April 30th.

Key Nabors Industries News

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

• Positive Sentiment: Zacks Research raised its earnings outlook across several periods, including FY2026, FY2027, FY2028 and multiple quarterly estimates, suggesting a better long-term profit profile for Nabors Industries. This kind of broad upward revision is typically viewed favorably by investors.
• Positive Sentiment: Most of the changes were upward revisions to EPS estimates, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027 and FY2028, which signals analysts see improving operating performance ahead.
• Neutral Sentiment: The updated estimates still point to losses in several near-term quarters, so while the revisions are encouraging, they do not yet indicate a return to consistent profitability in the immediate future.
• Neutral Sentiment: Nabors Industries previously beat quarterly EPS and revenue expectations in its last earnings report, which may be helping support sentiment alongside the newer analyst upgrades.

Nabors Industries Stock Performance

NBR stock opened at $101.84 on Tuesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 7.98 and a beta of 0.96. The company has a 50-day simple moving average of $94.31 and a 200 day simple moving average of $76.10. Nabors Industries has a fifty-two week low of $27.18 and a fifty-two week high of $112.90. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 2.22.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share for the quarter, topping the consensus estimate of ($2.49) by $0.95. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The business had revenue of $783.55 million during the quarter, compared to the consensus estimate of $769.33 million. During the same quarter in the prior year, the company posted $2.18 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Nabors Industries will post -3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently bought and sold shares of NBR. Vanguard Group Inc. raised its holdings in Nabors Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company’s stock worth $47,298,000 after buying an additional 13,424 shares during the period. American Century Companies Inc. raised its holdings in Nabors Industries by 10.3% during the 3rd quarter. American Century Companies Inc. now owns 354,901 shares of the oil and gas company’s stock worth $14,505,000 after buying an additional 33,101 shares during the period. Allianz Asset Management GmbH acquired a new stake in Nabors Industries during the 3rd quarter worth about $1,063,000. Highbridge Capital Management LLC raised its holdings in Nabors Industries by 26.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 491,795 shares of the oil and gas company’s stock worth $20,100,000 after buying an additional 104,219 shares during the period. Finally, Cibc World Market Inc. raised its holdings in Nabors Industries by 10.6% during the 3rd quarter. Cibc World Market Inc. now owns 489,507 shares of the oil and gas company’s stock worth $20,006,000 after buying an additional 46,802 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

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.