Nabors Industries (NYSE:NBR) Shares Break Above Two Hundred Day Moving Average After Earnings Miss

Nabors Industries Ltd. (NYSE:NBR)’s stock price passed above its 200-day moving average during trading on Wednesday following a stronger than expected earnings report. The stock has a 200-day moving average of $83.89 and traded as high as $90.52. Nabors Industries shares last traded at $89.7860, with a volume of 410,081 shares trading hands.

The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($1.10). Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The company had revenue of $872.19 million for the quarter, compared to analysts’ expectations of $859.20 million. During the same period in the previous year, the business earned $16.85 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis.

More Nabors Industries News

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

• Positive Sentiment: Third-quarter revenue rose 7% sequentially to $872 million, exceeding analyst expectations. Adjusted EBITDA was $245.5 million, while adjusted free cash flow reached $74.5 million. Nabors third-quarter 2026 results
• Positive Sentiment: International Drilling delivered a record daily adjusted gross margin of $19,060, with segment adjusted EBITDA increasing to $145.7 million from $130.5 million in the prior quarter. U.S. Drilling EBITDA also improved to $99.4 million, and average working rigs increased to 177.1. Nabors international drilling margin report
• Positive Sentiment: Management expects approximately $930 million in 2026 adjusted EBITDA and $100 million to $110 million in adjusted free cash flow. The outlook, along with the signing of the fifth SANAD tranche, supports the investment case, although Saudi rig suspensions remain a headwind. Nabors free cash flow and SANAD update
• Positive Sentiment: Nabors redeemed $100 million of its 9.125% notes during the quarter, a step toward reducing interest costs and leverage.
• Neutral Sentiment: Analyst price targets indicate potential upside, with recent targets ranging from $85 to $110 and a reported median of $99. Nabors analyst price targets
• Negative Sentiment: Nabors reported a third-quarter net loss of $11.2 million, or $1.24 per share, substantially worse than the expected $0.14–$0.36 loss. Operating profit weakened and cash from operations declined year over year. Nabors third-quarter loss report

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley set a $110.00 price target on shares of Nabors Industries in a research note on Thursday, August 20th. Barclays set a $93.00 price objective on Nabors Industries and gave the stock an “equal weight” rating in a research note 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. Weiss Ratings raised Nabors Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen downgraded Nabors Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.43.

Insider Activity

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 value of $295,360.00. Following the completion of the sale, the director directly owned 5,264 shares in the company, valued at $485,867.20. This represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Nabors Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Concurrent Investment Advisors LLC purchased a new stake in Nabors Industries during the 2nd quarter valued at about $2,081,000. Bank of America Corp DE raised its holdings in Nabors Industries by 191.8% in the 1st quarter. Bank of America Corp DE now owns 151,922 shares of the oil and gas company’s stock valued at $13,074,000 after acquiring an additional 99,852 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in Nabors Industries in the 2nd quarter worth approximately $3,144,000. Renaissance Technologies LLC boosted its holdings in shares of Nabors Industries by 236.0% during the 1st quarter. Renaissance Technologies LLC now owns 16,800 shares of the oil and gas company’s stock worth $1,446,000 after purchasing an additional 11,800 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Nabors Industries during the 2nd quarter worth approximately $1,201,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Stock Up 10.4%

The company has a quick ratio of 1.75, a current ratio of 1.89 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average price of $84.94 and a 200-day moving average price of $83.89. The firm has a market capitalization of $1.43 billion, a PE ratio of 6.68 and a beta of 1.11.

Nabors Industries Company Profile

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.