Nabors Industries (NYSE:NBR) Shares Pass Above 200 Day Moving Average – Time to Sell?

16 May 2026, 14:16 by Teresa Graham · The Cerbat Gem

Shares of Nabors Industries Ltd. (NYSE:NBR – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $68.70 and traded as high as $104.98. Nabors Industries shares last traded at $103.5090, with a volume of 237,483 shares traded.

Key Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

Positive Sentiment: Zacks Research raised its FY2026 earnings estimate for Nabors Industries to a smaller loss of ($5.19) per share from ($7.36), suggesting better expected profitability ahead.
Positive Sentiment: The firm also improved its FY2027 estimate to ($2.47) per share from ($4.05), and FY2028 to $3.90 per share from $2.14, signaling a more bullish long-term outlook for Nabors. Nabors Industries research report
Positive Sentiment: Nearer-term estimate revisions were also favorable, including higher forecasts for Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which may indicate improving operating trends. Nabors Industries research report
Positive Sentiment: A separate report said Nabors Industries’ price target was increased by 28.4% to $111.33, reinforcing the market’s more upbeat view of the stock. Price target increase article
Neutral Sentiment: Another note said NBR shares moved above their 200-day moving average, a technical sign that can support sentiment but does not change fundamentals. Moving average article
Neutral Sentiment: Analysts also maintained an average recommendation of “Hold”, which suggests the stock still has mixed Wall Street opinion despite the upward estimate revisions. Analyst recommendation article

Analyst Upgrades and Downgrades

NBR has been the subject of a number of research reports. Weiss Ratings downgraded Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their price objective on Nabors Industries from $91.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Citigroup raised their price objective on Nabors Industries from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. UBS Group set a $70.00 price objective on Nabors Industries in a research report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $100.00 target price (up from $80.00) on shares of Nabors Industries in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.63.

Check Out Our Latest Research Report on NBR

Nabors Industries Price Performance

The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.82 and a current ratio of 1.97. The firm has a market cap of $1.56 billion, a P/E ratio of 8.25 and a beta of 1.01. The company has a 50-day moving average of $86.82 and a 200 day moving average of $68.96.

Nabors Industries (NYSE:NBR – Get Free Report) last posted its earnings results on Tuesday, April 28th. The oil and gas company reported ($1.54) EPS for the quarter, topping the consensus estimate of ($2.49) by $0.95. The business had revenue of $783.55 million during the quarter, compared to the consensus estimate of $769.33 million. Nabors Industries had a negative return on equity of 8.66% and a net margin of 7.32%.Nabors Industries’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.18 EPS. On average, sell-side analysts anticipate that Nabors Industries Ltd. will post -3.52 EPS for the current year.

Hedge Funds Weigh In On Nabors Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Islay Capital Management LLC acquired a new stake in Nabors Industries during the 4th quarter valued at $26,000. Quarry LP acquired a new stake in Nabors Industries during the 4th quarter valued at $33,000. CWM LLC increased its holdings in Nabors Industries by 244.6% during the 3rd quarter. CWM LLC now owns 889 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 631 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Nabors Industries during the 4th quarter valued at $40,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Nabors Industries by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

Nabors Industries Company Profile

(Get Free Report)

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.