Research Analysts Set Expectations for NBR FY2027 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research issued their FY2027 earnings estimates for Nabors Industries in a note issued to investors on Tuesday, February 25th. Zacks Research analyst R. Department anticipates that the oil and gas company will post earnings per share of $2.49 for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($6.22) per share.

Separately, Barclays cut their target price on shares of Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.40.

Nabors Industries Stock Performance

Shares of Nabors Industries stock opened at $40.16 on Thursday. The firm’s fifty day simple moving average is $55.81 and its 200-day simple moving average is $66.83. The stock has a market capitalization of $385.70 million, a price-to-earnings ratio of -1.80 and a beta of 2.02. Nabors Industries has a 12 month low of $38.37 and a 12 month high of $105.96. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52.

Nabors Industries (NYSE:NBR) last released its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%.

Hedge Funds Weigh In On Nabors Industries

A number of large investors have recently bought and sold shares of NBR. Miller Value Partners LLC increased its stake in shares of Nabors Industries by 99.5% during the fourth quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company’s stock worth $16,076,000 after acquiring an additional 140,230 shares during the period. Two Sigma Investments LP boosted its holdings in Nabors Industries by 300.7% in the 4th quarter. Two Sigma Investments LP now owns 90,686 shares of the oil and gas company’s stock valued at $5,185,000 after purchasing an additional 135,877 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Nabors Industries during the 4th quarter worth approximately $6,602,000. Millennium Management LLC raised its stake in shares of Nabors Industries by 669.9% during the 4th quarter. Millennium Management LLC now owns 72,792 shares of the oil and gas company’s stock worth $4,162,000 after buying an additional 85,565 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Nabors Industries by 74.6% in the 4th quarter. Barclays PLC now owns 196,108 shares of the oil and gas company’s stock valued at $11,211,000 after buying an additional 83,790 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

About Nabors Industries

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.