Nabors Industries Ltd. (NYSE:NBR) Forecasted to Post FY2025 Earnings of $5.00 Per Share

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Zacks Research upped their FY2025 EPS estimates for shares of Nabors Industries in a note issued to investors on Friday, April 12th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $5.00 per share for the year, up from their previous estimate of $4.72. The consensus estimate for Nabors Industries’ current full-year earnings is ($4.32) per share.

Several other brokerages have also weighed in on NBR. Benchmark lowered shares of Nabors Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Morgan Stanley cut their price target on shares of Nabors Industries from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Susquehanna reiterated a “neutral” rating and issued a $88.00 price objective on shares of Nabors Industries in a report on Monday, April 8th. Finally, Atb Cap Markets lowered Nabors Industries from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.60.

Nabors Industries Stock Performance

Shares of NBR stock opened at $78.32 on Monday. The firm has a market cap of $741.69 million, a P/E ratio of -15.18 and a beta of 2.33. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.36 and a quick ratio of 1.23. Nabors Industries has a fifty-two week low of $71.42 and a fifty-two week high of $141.47. The stock’s 50-day moving average is $83.68 and its two-hundred day moving average is $89.19.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($1.54) by ($2.30). The company had revenue of $737.84 million for the quarter, compared to analysts’ expectations of $749.52 million. Nabors Industries had a negative net margin of 0.66% and a negative return on equity of 17.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Pantechnicon Advisors LLP acquired a new stake in shares of Nabors Industries in the third quarter valued at about $15,392,000. Panagora Asset Management Inc. bought a new position in Nabors Industries in the 3rd quarter worth approximately $2,673,000. American Century Companies Inc. lifted its holdings in shares of Nabors Industries by 11.0% during the third quarter. American Century Companies Inc. now owns 115,486 shares of the oil and gas company’s stock worth $14,221,000 after buying an additional 11,425 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Nabors Industries by 48.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,957 shares of the oil and gas company’s stock valued at $241,000 after acquiring an additional 635 shares during the period. Finally, Barclays PLC grew its stake in shares of Nabors Industries by 9.9% in the third quarter. Barclays PLC now owns 5,626 shares of the oil and gas company’s stock worth $692,000 after acquiring an additional 509 shares during the last quarter. 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.