Q1 EPS Forecast for Nabors Industries Lifted by Analyst

Nabors Industries Ltd. (NYSE:NBR) – Analysts at Zacks Research boosted their Q1 2028 EPS estimates for Nabors Industries in a note issued to investors on Thursday, July 16th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $1.27 for the quarter, up from their previous forecast of $1.19. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nabors Industries’ current full-year earnings is ($3.12) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2028 earnings at $1.20 EPS and FY2028 earnings at $5.03 EPS.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, beating 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 firm earned $2.18 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

NBR has been the subject of several other research reports. Citigroup raised their target price on Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Piper Sandler upped their price target on Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised Nabors Industries from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $65.00 to $99.00 in a research note on Thursday, May 7th. Susquehanna lowered their target price on Nabors Industries from $105.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.57.

Nabors Industries Price Performance

Shares of NYSE:NBR opened at $82.78 on Friday. The company’s fifty day moving average is $92.40 and its two-hundred day moving average is $81.46. 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 has a 12-month low of $29.50 and a 12-month high of $112.90. The company has a market cap of $1.23 billion, a P/E ratio of 6.48 and a beta of 0.96.

Institutional Investors Weigh In On Nabors Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBR. Islay Capital Management LLC bought a new stake in shares of Nabors Industries during the 4th quarter worth $26,000. Quarry LP acquired a new stake in shares of Nabors Industries during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Nabors Industries in the 4th quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its stake in Nabors Industries by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 622 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 141 shares during the period. Finally, Public Employees Retirement System of Ohio lifted 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 buying an additional 289 shares during the period. 81.92% of the stock is currently 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.