Q1 2025 Earnings Estimate for Nabors Industries Ltd. (NYSE:NBR) Issued By Zacks Research

Nabors Industries Ltd. (NYSE:NBR - Get Rating) - Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for shares of Nabors Industries in a note issued to investors on Thursday, June 8th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn $5.04 per share for the quarter, down from their prior estimate of $5.10. The consensus estimate for Nabors Industries' current full-year earnings is $8.67 per share. Zacks Research also issued estimates for Nabors Industries' FY2025 earnings at $16.89 EPS.

Nabors Industries (NYSE:NBR - Get Rating) last released its earnings results on Monday, April 24th. The oil and gas company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($1.61). The business had revenue of $789.01 million during the quarter, compared to analyst estimates of $767.96 million. Nabors Industries had a negative net margin of 4.03% and a negative return on equity of 26.14%.

Other research analysts have also issued reports about the stock. Susquehanna lowered their target price on shares of Nabors Industries from $110.00 to $91.00 in a research report on Friday, June 2nd. StockNews.com cut Nabors Industries from a "buy" rating to a "hold" rating in a report on Friday, May 26th. Morgan Stanley raised Nabors Industries from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $175.00 to $165.00 in a report on Tuesday, April 18th. Royal Bank of Canada dropped their price target on Nabors Industries from $195.00 to $176.00 in a research report on Wednesday, April 26th. Finally, 888 reiterated a "maintains" rating on shares of Nabors Industries in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $150.86.

Shares of NBR opened at $105.24 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.87 and a debt-to-equity ratio of 4.40. Nabors Industries has a 52-week low of $83.05 and a 52-week high of $190.90. The company has a 50-day simple moving average of $103.41 and a 200-day simple moving average of $134.83. The company has a market capitalization of $1.00 billion, a PE ratio of -7.03 and a beta of 2.77.

Several hedge funds and other institutional investors have recently made changes to their positions in NBR. Quarry LP purchased a new position in Nabors Industries in the first quarter valued at about $25,000. US Bancorp DE lifted its position in Nabors Industries by 165.9% during the 1st quarter. US Bancorp DE now owns 226 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 141 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Nabors Industries in the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its position in Nabors Industries by 89.6% in the third quarter. Tower Research Capital LLC TRC now owns 565 shares of the oil and gas company's stock valued at $57,000 after acquiring an additional 267 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Nabors Industries by 43.1% during the third quarter. Royal Bank of Canada now owns 793 shares of the oil and gas company's stock valued at $80,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 71.98% of the company's stock.

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.

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