What is Zacks Research’s Forecast for NBR FY2028 Earnings?

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research issued their FY2028 earnings per share estimates for Nabors Industries in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team expects that the oil and gas company will earn $1.75 per share for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

Several other equities analysts also recently commented on NBR. Wall Street Zen downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price objective on shares of Nabors Industries in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nabors Industries in a report on Monday, December 29th. Barclays lifted their price target on shares of Nabors Industries from $50.00 to $65.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, UBS Group set a $70.00 price target on Nabors Industries in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nabors Industries has a consensus rating of “Hold” and a consensus price target of $69.00.

Nabors Industries Stock Up 0.3%

NBR stock opened at $78.04 on Thursday. Nabors Industries has a fifty-two week low of $23.27 and a fifty-two week high of $80.32. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.56 and a quick ratio of 1.47. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 4.73 and a beta of 0.99. The business’s fifty day moving average price is $63.84 and its two-hundred day moving average price is $50.93.

Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Wednesday, February 11th. The oil and gas company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($2.93) by $3.10. The business had revenue of $805.13 million during the quarter, compared to analysts’ expectations of $795.82 million. Nabors Industries had a negative return on equity of 17.63% and a net margin of 8.92%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted ($6.67) EPS.

Institutional Investors Weigh In On Nabors Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. increased its stake in shares of 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 during the last quarter. Vanguard Group Inc. boosted its stake in Nabors Industries by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company’s stock valued at $47,298,000 after buying an additional 13,424 shares in the last quarter. Apollo Management Holdings L.P. boosted its stake in Nabors Industries by 54.2% in the second quarter. Apollo Management Holdings L.P. now owns 650,623 shares of the oil and gas company’s stock valued at $18,230,000 after buying an additional 228,787 shares in the last quarter. Cibc World Market Inc. grew its position in Nabors Industries by 2.0% in the fourth quarter. Cibc World Market Inc. now owns 499,147 shares of the oil and gas company’s stock valued at $27,104,000 after acquiring an additional 9,640 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its stake in Nabors Industries by 26.9% during the third quarter. Highbridge Capital Management LLC now owns 491,795 shares of the oil and gas company’s stock worth $20,100,000 after acquiring an additional 104,219 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

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.