Wall Street brokerages expect National Energy Services Reunited Corp (NASDAQ:NESR) to announce $0.25 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for National Energy Services Reunited’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. National Energy Services Reunited reported earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 31.6%. The business is expected to announce its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that National Energy Services Reunited will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.88 to $0.90. For the next financial year, analysts forecast that the firm will report earnings of $1.18 per share, with EPS estimates ranging from $1.05 to $1.31. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow National Energy Services Reunited.
National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. National Energy Services Reunited had a net margin of 10.70% and a return on equity of 13.27%. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.87 million.
A number of research analysts have commented on NESR shares. Evercore ISI restated a “buy” rating and issued a $17.00 price objective on shares of National Energy Services Reunited in a research note on Thursday, August 8th. Zacks Investment Research downgraded shares of National Energy Services Reunited from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.38.
Several hedge funds have recently made changes to their positions in NESR. Tower Research Capital LLC TRC purchased a new position in shares of National Energy Services Reunited in the second quarter valued at $30,000. Deutsche Bank AG bought a new position in National Energy Services Reunited during the 4th quarter valued at $34,000. Strs Ohio bought a new position in National Energy Services Reunited during the 2nd quarter valued at $54,000. Tocqueville Asset Management L.P. bought a new position in National Energy Services Reunited during the 2nd quarter valued at $131,000. Finally, Northern Trust Corp bought a new position in National Energy Services Reunited during the 2nd quarter valued at $173,000. Institutional investors and hedge funds own 18.28% of the company’s stock.
NASDAQ NESR traded up $0.10 during trading on Friday, reaching $6.22. The company’s stock had a trading volume of 140,815 shares, compared to its average volume of 250,392. The company has a current ratio of 2.36, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. National Energy Services Reunited has a twelve month low of $5.98 and a twelve month high of $11.28. The business’s fifty day moving average price is $7.14 and its 200-day moving average price is $8.61.
About National Energy Services Reunited
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.
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