Fintel reports that on May 7, 2026, Barclays upgraded their outlook for Nabors Industries (NYSE:NBR) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 12.80% Downside
As of April 28, 2026, the average one-year price target for Nabors Industries is $86.70/share. The forecasts range from a low of $65.65 to a high of $105.00. The average price target represents a decrease of 12.80% from its latest reported closing price of $99.43 / share.
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The projected annual revenue for Nabors Industries is 4,256MM, an increase of 31.68%. The projected annual non-GAAP EPS is 33.88.
What is the Fund Sentiment?
There are 207 funds or institutions reporting positions in Nabors Industries. This is an decrease of 100 owner(s) or 32.57% in the last quarter. Average portfolio weight of all funds dedicated to NBR is 0.29%, an increase of 15.64%. Total shares owned by institutions decreased in the last three months by 22.65% to 12,130K shares. 
The put/call ratio of NBR is 2.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Adage Capital Partners Gp, L.l.c. holds 1,260K shares representing 8.52% ownership of the company. In its prior filing, the firm reported owning 775K shares , representing an increase of 38.49%. The firm increased its portfolio allocation in NBR by 106.40% over the last quarter.
Brigade Capital Management holds 676K shares representing 4.57% ownership of the company. In its prior filing, the firm reported owning 741K shares , representing a decrease of 9.63%.
Miller Value Partners holds 603K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 673K shares , representing a decrease of 11.67%. The firm increased its portfolio allocation in NBR by 14.08% over the last quarter.
CIBC World Markets holds 499K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 490K shares , representing an increase of 1.93%. The firm increased its portfolio allocation in NBR by 21.87% over the last quarter.
Charles Schwab Investment Management holds 485K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 419K shares , representing an increase of 13.73%. The firm increased its portfolio allocation in NBR by 49.90% over the last quarter.
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