Zacks Research Analysts Lower Earnings Estimates for NBR

Nabors Industries Ltd. (NYSE:NBR) – Zacks Research reduced their Q3 2026 earnings estimates for shares of Nabors Industries in a research note issued on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $1.70 per share for the quarter, down from their prior forecast of $1.71. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries’ FY2026 earnings at $1.57 EPS.

NBR has been the topic of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price target on shares of Nabors Industries in a report on Wednesday, October 16th. Evercore ISI reduced their target price on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating on the stock in a report on Thursday, October 24th. Susquehanna dropped their price target on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Citigroup lifted their price objective on Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Barclays decreased their target price on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Nabors Industries has a consensus rating of “Hold” and a consensus target price of $97.00.

Nabors Industries Price Performance

Nabors Industries stock opened at $68.13 on Monday. Nabors Industries has a 1 year low of $59.67 and a 1 year high of $105.96. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The firm has a 50 day moving average price of $74.84 and a 200 day moving average price of $74.65. The company has a market cap of $729.60 million, a price-to-earnings ratio of -3.70 and a beta of 2.05.

Institutional Investors Weigh In On Nabors Industries

A number of large investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Nabors Industries in the 3rd quarter worth approximately $45,000. Signaturefd LLC lifted its position in shares of Nabors Industries by 52.9% during the third quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock worth $88,000 after purchasing an additional 472 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Nabors Industries in the second quarter valued at $159,000. Wellington Management Group LLP acquired a new stake in Nabors Industries during the 3rd quarter valued at $220,000. Finally, The Manufacturers Life Insurance Company increased its stake in Nabors Industries by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

Nabors Industries Company Profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.