Nabors Industries Ltd. (NYSE:NBR) Expected to Earn Q2 2026 Earnings of $2.44 Per Share

Nabors Industries Ltd. (NYSE:NBR) – Stock analysts at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for Nabors Industries in a research note issued on Monday, September 23rd. Zacks Research analyst R. Department now expects that the oil and gas company will earn $2.44 per share for the quarter, down from their prior forecast of $2.58. The consensus estimate for Nabors Industries’ current full-year earnings is ($11.98) per share.

Nabors Industries (NYSE:NBR) last posted its earnings results on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing the consensus estimate of ($1.77) by ($2.52). Nabors Industries had a negative return on equity of 28.10% and a negative net margin of 4.73%. The firm had revenue of $742.98 million during the quarter, compared to the consensus estimate of $737.91 million. During the same period in the previous year, the company posted ($2.26) EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year.

A number of other equities research analysts have also commented on the company. Citigroup lowered Nabors Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $75.00 in a research report on Friday, September 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $114.00 price objective on shares of Nabors Industries in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.50.

Nabors Industries Price Performance

Shares of Nabors Industries stock opened at $70.49 on Tuesday. Nabors Industries has a 1-year low of $59.90 and a 1-year high of $129.85. The firm’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $77.33. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 5.01. The stock has a market capitalization of $754.38 million, a price-to-earnings ratio of -5.10 and a beta of 2.12.

Institutional Trading of Nabors Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Nabors Industries by 111.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 397,102 shares of the oil and gas company’s stock valued at $32,415,000 after buying an additional 209,450 shares during the period. Apollo Management Holdings L.P. bought a new position in Nabors Industries during the 4th quarter worth approximately $16,620,000. Gendell Jeffrey L increased its stake in Nabors Industries by 10.1% in the first quarter. Gendell Jeffrey L now owns 436,442 shares of the oil and gas company’s stock valued at $37,591,000 after purchasing an additional 40,141 shares in the last quarter. Vanguard Group Inc. raised its holdings in Nabors Industries by 5.1% in the first quarter. Vanguard Group Inc. now owns 819,113 shares of the oil and gas company’s stock worth $70,550,000 after purchasing an additional 40,078 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Nabors Industries by 42.8% during the second quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company’s stock worth $8,189,000 after purchasing an additional 34,473 shares in 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.