Nabors Industries Ltd. (NYSE:NBR – Get Rating) – Capital One Financial equity research analysts raised their first quarter 2022 earnings per share (EPS) estimates for Nabors Industries shares in a report released Wednesday, April 27. Capital One Financial analyst L. Lemoine now expects the oil and gas company to earn ($7.83) per share for the quarter, up from his previous forecast of ($8.09). Capital One Financial has an “equal weight” rating on the stock. Capital One Financial also released Nabors Industries Q2 2022 earnings estimates at ($5.95) EPS, Q3 2022 earnings at ($4.17) EPS, Q4 2022 earnings at ($2.61) $) EPS, FY2022 earnings at ($20.56) EPS, Q1 2023 earnings at ($2.82) EPS, Q2 2023 earnings at ($0.30) EPS, Q3 earnings 2023 at $1.35 EPS, Q4 2023 profit at $1.81 EPS and full year 2023 profit at $0.04 EPS.
Several other stock analysts have also published reports on NBR. Morgan Stanley raised its price target on Nabors Industries from $100.00 to $150.00 and gave the company an “underweight” rating in a Monday, April 11 report. StockNews.com supported coverage of Nabors Industries in a research report on Thursday, March 31. They set a “holding” rating for the company. Finally, Citigroup downgraded Nabors Industries from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $175.00 to $115.00 in a Monday, March 14 research note. . One analyst has assigned the stock a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nabors Industries currently has a consensus rating of “Hold” and an average price target of $120.00.
NYSE:NBR opened at $158.19 on Friday. Nabors Industries has a 52-week low of $65.58 and a 52-week high of $207.67. The company has a 50-day moving average price of $154.97 and a two-hundred-day moving average price of $119.83. The company has a debt ratio of 4.54, a quick ratio of 2.65 and a current ratio of 2.89. The company has a market capitalization of $1.36 billion, a price-earnings ratio of -2.05 and a beta of 3.06.
Nabors Industries (NYSE:NBR – Get Rating) last released its quarterly results on Tuesday, February 8. The oil and gas company reported ($14.60) earnings per share for the quarter, missing analysts’ consensus estimate of ($10.98) by ($3.62). Nabors Industries has a negative net margin of 28.19% and a negative return on equity of 54.43%. The company posted revenue of $543.70 million for the quarter, versus a consensus estimate of $550.96 million. During the same period of the previous year, the company made ($23.82) earnings per share.
Hedge funds have recently been buying and selling shares of the company. Lindbrook Capital LLC increased its stake in shares of Nabors Industries by 73.3% during the 1st quarter. Lindbrook Capital LLC now owns 182 shares of the oil and gas company valued at $28,000 after buying 77 more shares last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Nabors Industries in the fourth quarter worth $33,000. PSI Advisors LLC purchased a new stake in Nabors Industries stock during Q3 for $56,000. Counterpoint Mutual Funds LLC purchased a new stake in Nabors Industries during Q1 worth approximately $68,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Nabors Industries stock in the fourth quarter worth about $139,000. Institutional investors hold 76.66% of the company’s shares.
Nabors Industries Company Profile (Get an assessment)
Nabors Industries Ltd. provides drilling and drilling services for onshore and offshore oil and natural gas wells. The Company operates through five segments: US Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. It provides services in tubular operation, wellbore placement, directional drilling, measurement-while-drilling (MWD), drilling equipment and instrumentation manufacturing; and logging-while-drilling systems and services, as well as drilling optimization software.
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