National Energy Services Reunited (NASDAQ:NESR – Get Free Report) Director Yousif Mohammed Ali Al-Nowais sold 1,919,594 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $26.80, for a total value of $51,445,119.20. Following the completion of the transaction, the director owned 229,198 shares in the company, valued at $6,142,506.40. This represents a 89.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):
- On Saturday, June 13th, Yousif Mohammed Ali Al-Nowais sold 332,857 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.90, for a total value of $8,953,853.30.
- On Friday, June 12th, Yousif Mohammed Ali Al-Nowais sold 1,068,593 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.13, for a total value of $27,922,335.09.
- On Tuesday, June 9th, Yousif Mohammed Ali Al-Nowais sold 200 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.55, for a total value of $5,110.00.
- On Monday, June 8th, Yousif Mohammed Ali Al-Nowais sold 5,526 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.53, for a total value of $141,078.78.
- On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.12, for a total value of $11,947,052.92.
- On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.14, for a total value of $6,338,871.58.
- On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.14, for a total transaction of $14,992,440.16.
- On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00.
- On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.06, for a total transaction of $5,748,002.08.
- On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.35, for a total transaction of $2,142,307.70.
National Energy Services Reunited Stock Down 3.8%
Shares of NASDAQ:NESR opened at $28.80 on Thursday. The company has a 50 day moving average price of $25.30 and a two-hundred day moving average price of $21.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.04. The company has a market capitalization of $2.90 billion, a PE ratio of 44.31, a PEG ratio of 0.38 and a beta of 0.31. National Energy Services Reunited has a 52 week low of $5.91 and a 52 week high of $30.31.
Hedge Funds Weigh In On National Energy Services Reunited
A number of large investors have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of National Energy Services Reunited by 38.2% during the 1st quarter. Millennium Management LLC now owns 542,135 shares of the company’s stock worth $3,990,000 after acquiring an additional 149,796 shares in the last quarter. Jane Street Group LLC acquired a new position in National Energy Services Reunited during the first quarter worth $1,425,000. Acadian Asset Management LLC acquired a new position in National Energy Services Reunited during the first quarter worth $48,000. Geode Capital Management LLC grew its position in National Energy Services Reunited by 2,227.2% in the second quarter. Geode Capital Management LLC now owns 815,209 shares of the company’s stock valued at $4,908,000 after purchasing an additional 780,180 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in National Energy Services Reunited in the second quarter valued at $34,000. Institutional investors and hedge funds own 15.55% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Piper Sandler increased their price target on National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings upgraded National Energy Services Reunited from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. BTIG Research increased their target price on National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. UBS Group raised their target price on shares of National Energy Services Reunited from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays lifted their price target on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $29.43.
Check Out Our Latest Analysis on National Energy Services Reunited
About National Energy Services Reunited
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.
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