FY2027 Earnings Estimate for NBR Issued By Atb Cap Markets

Nabors Industries Ltd. (NYSE:NBR) – Atb Cap Markets issued their FY2027 earnings 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 expects that the oil and gas company will earn $0.54 per share for the year. The consensus estimate for Nabors Industries’ current full-year earnings is ($15.52) per share.

A number of other equities research analysts also recently weighed in on NBR. Susquehanna lowered their price target on Nabors Industries from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Barclays decreased their price objective on shares of Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 target price on shares of Nabors Industries in a report on Wednesday, October 16th. Evercore ISI decreased 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 report on Thursday, October 24th. Finally, Citigroup boosted their price objective on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.00.

Nabors Industries Stock Down 2.7 %

Shares of Nabors Industries stock opened at $65.33 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.43. The business has a 50-day moving average price of $74.25 and a 200 day moving average price of $74.51. Nabors Industries has a fifty-two week low of $59.67 and a fifty-two week high of $105.96. The firm has a market cap of $699.62 million, a P/E ratio of -3.55 and a beta of 2.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nicola Wealth Management LTD. boosted its position in shares of Nabors Industries by 182.9% during the second quarter. Nicola Wealth Management LTD. now owns 23,200 shares of the oil and gas company’s stock worth $1,651,000 after buying an additional 15,000 shares during the period. Hsbc Holdings PLC acquired a new stake in Nabors Industries in the 2nd quarter valued at approximately $1,242,000. Centiva Capital LP bought a new stake in Nabors Industries during the 3rd quarter valued at $531,000. Dimensional Fund Advisors LP boosted its position in Nabors Industries by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 289,967 shares of the oil and gas company’s stock worth $20,634,000 after acquiring an additional 16,890 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Nabors Industries by 42.8% in 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.

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.