Nabors Industries Ltd. (NYSE: NBR) reported third-quarter 2026 revenue of $872.2 million, edging past the estimate of about $870.2 million and rising 5.65% from a year earlier. Gross profit was $335.6 million, while cost of sales climbed to $536.6 million.
Despite the top-line growth, profitability weakened sharply. Operating profit fell to $74.4 million, and Nabors posted a net loss attributable to common shareholders of $11.2 million, compared with a profit a year ago. Diluted earnings per share came in at -$1.24, below the estimate of -$0.44.
Cash generation also declined, with cash from operating activities at $135.2 million, down from the prior year period. Capital spending totaled $125.6 million, while cash and cash equivalents stood at $475.1 million and total liabilities were $2.9 billion.
- Revenue: $872.2 million
- Net loss: $11.2 million
- Diluted EPS: -$1.24
- Cash and cash equivalents: $475.1 million
- Stock price change since market close: 3.33%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Nabors Industries Ltd. Insider Trading Activity
Nabors Industries Ltd. insiders have traded $NBR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NBR stock by insiders over the last 6 months:
- DAVID J TUDOR sold 3,200 shares for an estimated $295,360
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Nabors Industries Ltd. Hedge Fund Activity
We have seen 140 institutional investors add shares of Nabors Industries Ltd. stock to their portfolio, and 98 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENGINEERS GATE MANAGER LP added 388,976 shares (+1518.1%) to their portfolio in Q2 2026, for an estimated $32,677,873
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 377,721 shares (+inf%) to their portfolio in Q2 2026, for an estimated $31,732,341
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 320,000 shares (-43.2%) from their portfolio in Q2 2026, for an estimated $26,883,200
- ENCOMPASS CAPITAL ADVISORS LLC added 315,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $26,463,150
- CIBC WORLD MARKET INC. removed 202,979 shares (-43.4%) from their portfolio in Q2 2026, for an estimated $17,052,265
- DIMENSIONAL FUND ADVISORS LP added 138,684 shares (+31.0%) to their portfolio in Q2 2026, for an estimated $11,650,842
- AMERICAN CENTURY COMPANIES INC added 134,569 shares (+26.6%) to their portfolio in Q2 2026, for an estimated $11,305,141
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Nabors Industries Ltd. Price Targets
Multiple analysts have issued price targets for $NBR recently. We have seen 3 analysts offer price targets for $NBR in the last 6 months, with a median target of $99.0.
Here are some recent targets:
- Charles Minervino from Susquehanna set a target price of $85.0 on 07/08/2026
- Eddie Kim from Barclays set a target price of $99.0 on 05/07/2026
- Scott Gruber from Citigroup set a target price of $110.0 on 05/01/2026
