Atb Cap Markets Issues Pessimistic Estimate for NBR Earnings

Nabors Industries Ltd. (NYSE:NBR) – Equities research analysts at Atb Cap Markets cut their Q1 2025 earnings per share estimates for shares of Nabors Industries in a research report issued to clients and investors on Tuesday, December 10th. 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 previous forecast of ($2.88). The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share. Atb Cap Markets also issued estimates for Nabors Industries’ Q2 2025 earnings at ($2.17) EPS, Q3 2025 earnings at ($1.70) EPS, Q4 2025 earnings at ($1.23) EPS, FY2025 earnings at ($8.09) EPS, Q1 2026 earnings at ($1.18) EPS, Q2 2026 earnings at ($0.56) EPS, Q3 2026 earnings at ($0.29) EPS and FY2026 earnings at ($1.73) EPS.

Other equities analysts also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research note on Thursday, October 24th. Citigroup raised their price objective on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Susquehanna lowered their target price on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 price target on shares of Nabors Industries in a research note on Wednesday, October 16th. Finally, Barclays decreased their price target on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.00.

Nabors Industries Stock Down 2.7 %

Shares of NBR opened at $65.33 on Friday. The company has a debt-to-equity ratio of 5.43, a quick ratio of 1.63 and a current ratio of 1.88. The stock has a market capitalization of $699.62 million, a PE ratio of -3.55 and a beta of 2.05. The company’s 50-day simple moving average is $74.25 and its 200-day simple moving average is $74.51. Nabors Industries has a 1 year low of $59.67 and a 1 year high of $105.96.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Nabors Industries by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock valued at $20,634,000 after purchasing an additional 16,890 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nabors Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company’s stock valued at $13,286,000 after acquiring an additional 3,054 shares during the period. American Century Companies Inc. grew its position in shares of Nabors Industries by 20.2% during the second quarter. American Century Companies Inc. now owns 200,250 shares of the oil and gas company’s stock worth $14,250,000 after acquiring an additional 33,616 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Nabors Industries by 6.8% in the 2nd quarter. Van ECK Associates Corp now owns 197,177 shares of the oil and gas company’s stock valued at $14,031,000 after acquiring an additional 12,622 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Nabors Industries by 42.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,084 shares of the oil and gas company’s stock valued at $8,189,000 after purchasing an additional 34,473 shares during the last quarter. Hedge funds and other 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.