What is Zacks Research’s Estimate for NBR FY2027 Earnings?

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

Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative net margin of 5.93% and a negative return on equity of 32.96%.

A number of other equities analysts have also recently issued reports on NBR. Barclays lowered their price objective on shares of Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Citigroup upped their price objective on shares of Nabors Industries from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.40.

Nabors Industries Price Performance

NBR stock opened at $40.25 on Thursday. The company has a 50 day simple moving average of $56.38 and a 200 day simple moving average of $67.32. The stock has a market cap of $386.60 million, a price-to-earnings ratio of -1.80 and a beta of 2.02. Nabors Industries has a 1 year low of $39.79 and a 1 year 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.

Hedge Funds Weigh In On Nabors Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Nabors Industries by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 696,155 shares of the oil and gas company’s stock valued at $39,799,000 after acquiring an additional 18,017 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Nabors Industries by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 289,632 shares of the oil and gas company’s stock valued at $16,556,000 after purchasing an additional 27,849 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Nabors Industries by 12.0% in the 4th quarter. American Century Companies Inc. now owns 285,815 shares of the oil and gas company’s stock valued at $16,340,000 after purchasing an additional 30,537 shares during the last quarter. Miller Value Partners LLC boosted its stake in shares of Nabors Industries by 99.5% in the 4th quarter. Miller Value Partners LLC now owns 281,195 shares of the oil and gas company’s stock valued at $16,076,000 after purchasing an additional 140,230 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Nabors Industries by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after purchasing an additional 3,054 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.