57,024 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 57,024 shares of the company’s stock, valued at approximately $511,000. Schonfeld Strategic Advisors LLC owned approximately 0.06% of National Energy Services Reunited at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in National Energy Services Reunited in the 4th quarter worth about $41,000. Tower Research Capital LLC TRC bought a new position in National Energy Services Reunited during the fourth quarter valued at approximately $49,000. National Bank of Canada FI purchased a new stake in National Energy Services Reunited in the fourth quarter worth approximately $74,000. TD Waterhouse Canada Inc. bought a new stake in National Energy Services Reunited in the 4th quarter worth approximately $89,000. Finally, Robotti Robert purchased a new stake in National Energy Services Reunited during the 4th quarter valued at $90,000. 15.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NESR has been the subject of a number of research reports. Benchmark started coverage on National Energy Services Reunited in a research report on Tuesday, January 21st. They set a “buy” rating and a $15.00 price objective for the company. Barclays increased their price objective on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $6.22 on Friday. The stock has a 50-day simple moving average of $6.82 and a two-hundred day simple moving average of $8.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. National Energy Services Reunited Corp. has a 52-week low of $5.20 and a 52-week high of $10.00. The firm has a market capitalization of $597.41 million, a PE ratio of 7.78 and a beta of 0.42.

National Energy Services Reunited (NASDAQ:NESR) last released its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $343.68 million during the quarter, compared to analysts’ expectations of $339.84 million. Analysts forecast that National Energy Services Reunited Corp. will post 1.03 EPS for the current year.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.