Zacks Research Has Negative Forecast for NBR Q3 Earnings

Nabors Industries Ltd. (NYSE:NBR) – Analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for Nabors Industries in a report released on Thursday, January 16th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $1.63 for the quarter, down from their previous estimate of $1.65. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share. Zacks Research also issued estimates for Nabors Industries’ Q4 2026 earnings at $0.48 EPS and FY2026 earnings at $1.35 EPS.

A number of other research firms have also recently weighed in on NBR. Barclays lowered their price objective on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Evercore ISI decreased their target price on Nabors Industries from $94.00 to $85.00 and set an “in-line” rating on the stock in a research note on Thursday, October 24th. Susquehanna decreased their target price on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 target price on shares of Nabors Industries in a research note on Wednesday, October 16th. Finally, Citigroup lifted their target price on Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Nabors Industries has an average rating of “Hold” and an average target price of $97.00.

Nabors Industries Trading Up 1.7 %

Shares of NYSE:NBR opened at $67.82 on Monday. Nabors Industries has a 52-week low of $50.15 and a 52-week 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 stock has a market capitalization of $726.32 million, a price-to-earnings ratio of -3.69 and a beta of 2.05. The stock’s 50-day simple moving average is $65.31 and its two-hundred day simple moving average is $72.97.

Institutional Trading of Nabors Industries

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Nabors Industries by 60.8% in the 3rd quarter. Barclays PLC now owns 112,318 shares of the oil and gas company’s stock worth $7,241,000 after acquiring an additional 42,483 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Nabors Industries in the 2nd quarter worth approximately $1,242,000. Centiva Capital LP bought a new stake in Nabors Industries in the 3rd quarter worth approximately $531,000. Dimensional Fund Advisors LP increased its stake in Nabors Industries by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock worth $20,634,000 after acquiring an additional 16,890 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Nabors Industries in the 3rd quarter worth approximately $600,000. Institutional investors 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.