National Energy Services Reunited (NASDAQ:NESR – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.
Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays upped their price target on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group upped their price objective on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BTIG Research upped their price objective on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings raised shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.86.
Read Our Latest Analysis on National Energy Services Reunited
National Energy Services Reunited Price Performance
National Energy Services Reunited (NASDAQ:NESR – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The firm had revenue of $404.59 million during the quarter, compared to the consensus estimate of $370.87 million. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Sell-side analysts expect that National Energy Services Reunited will post 1.61 earnings per share for the current fiscal year.
Insider Buying and Selling at National Energy Services Reunited
In other news, Director Yousif Mohammed Ali Al-Nowais sold 81,302 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $26.35, for a total value of $2,142,307.70. Following the completion of the sale, the director owned 5,053,468 shares of the company’s stock, valued at $133,158,881.80. This represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.70% of the stock is currently owned by company insiders.
Institutional Trading of National Energy Services Reunited
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of National Energy Services Reunited by 373.8% in the 4th quarter. Royal Bank of Canada now owns 1,900 shares of the company’s stock valued at $30,000 after buying an additional 1,499 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at approximately $34,000. Legal & General Group Plc purchased a new stake in shares of National Energy Services Reunited in the 2nd quarter valued at approximately $34,000. Acadian Asset Management LLC purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at approximately $48,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of National Energy Services Reunited in the 2nd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.
National Energy Services Reunited Company Profile
National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.
NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.
Featured Articles
- Five stocks we like better than National Energy Services Reunited
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Receive News & Ratings for National Energy Services Reunited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Energy Services Reunited and related companies with MarketBeat.com's FREE daily email newsletter.
