Q1 2025 EPS Estimates for Nabors Industries Ltd. Lifted by Zacks Research (NYSE:NBR)

Nabors Industries Ltd. (NYSE:NBR) – Equities researchers at Zacks Research increased their Q1 2025 earnings per share estimates for shares of Nabors Industries in a report released on Tuesday, September 24th. Zacks Research analyst R. Department now expects that the oil and gas company will earn ($1.64) per share for the quarter, up from their previous forecast of ($1.67). The consensus estimate for Nabors Industries’ current full-year earnings is ($12.47) per share. Zacks Research also issued estimates for Nabors Industries’ Q2 2025 earnings at ($0.35) EPS, Q4 2025 earnings at $2.41 EPS and FY2025 earnings at $1.44 EPS.

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

Nabors Industries Stock Down 7.1 %

NBR opened at $60.95 on Friday. The company has a market cap of $582.07 million, a PE ratio of -4.41 and a beta of 2.12. Nabors Industries has a twelve month low of $59.67 and a twelve month high of $129.85. The company has a 50-day moving average price of $78.02 and a 200 day moving average price of $77.06. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 5.01.

Nabors Industries (NYSE:NBR) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas company reported ($4.29) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $742.98 million for the quarter, compared to analyst estimates of $737.91 million. During the same quarter in the prior year, the company posted ($2.26) earnings per share. The business’s revenue was down 4.6% on a year-over-year basis.

Hedge Funds Weigh In On Nabors Industries

Several institutional investors and hedge funds have recently bought and sold shares of NBR. The Manufacturers Life Insurance Company raised its position in shares of Nabors Industries by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 181 shares during the period. GAMMA Investing LLC raised its position in Nabors Industries by 29.1% in the first quarter. GAMMA Investing LLC now owns 1,474 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 332 shares during the period. Price T Rowe Associates Inc. MD raised its position in Nabors Industries by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,471 shares of the oil and gas company’s stock valued at $558,000 after purchasing an additional 399 shares during the period. Swiss National Bank lifted its stake in shares of Nabors Industries by 3.4% in the 1st quarter. Swiss National Bank now owns 18,500 shares of the oil and gas company’s stock valued at $1,593,000 after purchasing an additional 600 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Nabors Industries by 14.5% during the 2nd quarter. AQR Capital Management LLC now owns 4,753 shares of the oil and gas company’s stock worth $338,000 after purchasing an additional 601 shares during the period. 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.