Atb Cap Markets Analysts Lower Earnings Estimates for NBR

Nabors Industries Ltd. (NYSE:NBR) – Investment analysts at Atb Cap Markets lowered their Q4 2024 earnings estimates for shares of Nabors Industries in a research note issued on Wednesday, October 23rd. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of ($3.00) per share for the quarter, down from their prior estimate of ($2.89). The consensus estimate for Nabors Industries’ current full-year earnings is ($12.24) per share. Atb Cap Markets also issued estimates for Nabors Industries’ Q1 2025 earnings at ($2.88) EPS, Q2 2025 earnings at ($2.04) EPS, Q3 2025 earnings at ($1.40) EPS, Q4 2025 earnings at ($0.85) EPS, FY2025 earnings at ($7.17) EPS, Q1 2026 earnings at ($0.66) EPS, Q2 2026 earnings at ($0.14) EPS, Q3 2026 earnings at $0.17 EPS and FY2026 earnings at $0.13 EPS.

A number of other equities analysts have also recently issued reports on NBR. Susquehanna cut their price objective on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $102.00 price target on shares of Nabors Industries in a research report on Wednesday, October 16th. Evercore ISI lowered their price objective on shares of Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a report on Thursday. Citigroup lowered shares of Nabors Industries from a “buy” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $75.00 in a report on Friday, September 13th. Finally, Barclays decreased their target price on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nabors Industries presently has an average rating of “Hold” and a consensus target price of $96.17.

Nabors Industries Trading Up 3.7 %

NYSE NBR opened at $75.62 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 5.01. The stock’s 50-day simple moving average is $72.51 and its two-hundred day simple moving average is $74.96. Nabors Industries has a twelve month low of $59.67 and a twelve month high of $109.29. The company has a market capitalization of $809.29 million, a price-to-earnings ratio of -5.48 and a beta of 2.11.

Institutional Investors Weigh In On Nabors Industries

Several institutional investors have recently added to or reduced their stakes in NBR. nVerses Capital LLC bought a new stake in shares of Nabors Industries in the 3rd quarter worth approximately $45,000. Russell Investments Group Ltd. lifted its holdings in Nabors Industries by 2,022.2% in the first quarter. Russell Investments Group Ltd. now owns 764 shares of the oil and gas company’s stock worth $67,000 after buying an additional 728 shares during the period. Signaturefd LLC grew its holdings in shares of Nabors Industries by 52.9% during the 3rd quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock worth $88,000 after acquiring an additional 472 shares during the period. SG Americas Securities LLC bought a new position in shares of Nabors Industries in the 2nd quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Nabors Industries by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

About Nabors Industries

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.