Zacks Research Issues Positive Outlook for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research increased their Q2 2026 earnings estimates for Nabors Industries in a research report issued on Wednesday, June 10th. Zacks Research analyst Team now expects that the oil and gas company will earn ($1.63) per share for the quarter, up from their previous estimate of ($1.68). The consensus estimate for Nabors Industries’ current full-year earnings is ($3.52) per share. Zacks Research also issued estimates for Nabors Industries’ Q3 2026 earnings at ($0.83) EPS, Q4 2026 earnings at ($0.78) EPS, FY2026 earnings at ($4.79) EPS, Q1 2027 earnings at ($0.19) EPS, Q2 2027 earnings at ($0.69) EPS, Q3 2027 earnings at ($1.04) EPS, Q4 2027 earnings at ($0.04) EPS, FY2027 earnings at ($1.96) EPS and FY2028 earnings at $4.41 EPS.

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

Several other analysts have also recently issued reports on NBR. Piper Sandler upped their price objective on Nabors Industries from $84.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup lifted their price objective on shares of Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. UBS Group set a $70.00 price objective on shares of Nabors Industries in a research note on Friday, February 13th. Weiss Ratings downgraded shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Nabors Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nabors Industries currently has an average rating of “Hold” and an average target price of $103.43.

Nabors Industries Price Performance

NBR opened at $102.06 on Friday. The company has a fifty day simple moving average of $93.87 and a 200 day simple 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 has a twelve month low of $27.18 and a twelve month high of $112.90. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. lifted its stake in shares of Nabors Industries by 62.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,260,000 shares of the oil and gas company’s stock worth $68,418,000 after buying an additional 485,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Nabors Industries by 42.1% during the first quarter. Dimensional Fund Advisors LP now owns 447,833 shares of the oil and gas company’s stock worth $38,545,000 after acquiring an additional 132,747 shares during the period. Two Sigma Investments LP increased its position in Nabors Industries by 232.2% during the third quarter. Two Sigma Investments LP now owns 185,841 shares of the oil and gas company’s stock worth $7,595,000 after acquiring an additional 129,904 shares during the period. Marshall Wace LLP increased its position in Nabors Industries by 446.9% during the fourth quarter. Marshall Wace LLP now owns 132,715 shares of the oil and gas company’s stock worth $7,206,000 after acquiring an additional 108,447 shares during the period. Finally, Highbridge Capital Management LLC increased its position in 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. Institutional investors own 81.92% of the company’s stock.

Key Headlines 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.

Nabors Industries Company Profile

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.