Nabors Industries (NYSE:NBR) Trading 7.4% Higher – Time to Buy?

Nabors Industries Ltd. (NYSE:NBR) shares traded up 7.4% during mid-day trading on Wednesday . The stock traded as high as $103.23 and last traded at $103.5560. 107,494 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 360,399 shares. The stock had previously closed at $96.45.

Key Stories Impacting Nabors Industries

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods for Nabors Industries, including FY2026, FY2027, FY2028 and several quarterly forecasts, suggesting improving expectations for the company’s profitability over time.
• Positive Sentiment: The most notable upgrades came in longer-term estimates, with FY2028 EPS raised to $4.41 from $3.90 and FY2026 EPS improved to ($4.79) from ($5.19), reinforcing a more constructive outlook for the stock.
• Neutral Sentiment: Even after the upgrades, Zacks still expects Nabors to post losses in several upcoming quarters and for FY2026 and FY2027, so the analyst tone is improving but the earnings picture remains mixed.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen downgraded Nabors Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Royal Bank Of Canada lifted their target price on Nabors Industries from $91.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Piper Sandler lifted their target price 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 lifted their target price for the company from $65.00 to $99.00 in a research report on Thursday, May 7th. Finally, Citigroup lifted their target price on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nabors Industries presently has an average rating of “Hold” and a consensus price target of $103.43.

Nabors Industries Trading Down 0.8%

The company has a debt-to-equity ratio of 2.22, a current ratio of 1.97 and a quick ratio of 1.82. The business has a 50-day moving average of $93.87 and a 200-day moving average of $75.92. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 7.99 and a beta of 0.96.

Nabors Industries (NYSE:NBR) last released its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.49) by $0.95. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.The business had revenue of $783.55 million for the quarter, compared to the consensus estimate of $769.33 million. During the same quarter in the previous year, the business earned $2.18 earnings per share. Nabors Industries’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Nabors Industries Ltd. will post -3.52 EPS for the current year.

Hedge Funds Weigh In On Nabors Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Nabors Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 871,047 shares of the oil and gas company’s stock worth $47,298,000 after acquiring an additional 13,424 shares during the period. American Century Companies Inc. boosted its holdings in shares of Nabors Industries by 10.3% during the third quarter. American Century Companies Inc. now owns 354,901 shares of the oil and gas company’s stock worth $14,505,000 after acquiring an additional 33,101 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Nabors Industries during the third quarter worth approximately $1,063,000. Highbridge Capital Management LLC boosted its holdings in shares of 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 during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Nabors Industries by 10.6% during the third quarter. Cibc World Market Inc. now owns 489,507 shares of the oil and gas company’s stock worth $20,006,000 after acquiring an additional 46,802 shares during the period. Institutional investors own 81.92% of the company’s stock.

About Nabors Industries

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.