National Energy Services Reunited (NASDAQ:NESR – Get Free Report) Director Mejia Antonio Campo sold 63,324 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $35.45, for a total value of $2,244,835.80. Following the transaction, the director owned 696,398 shares of the company’s stock, valued at approximately $24,687,309.10. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
National Energy Services Reunited Stock Down 0.8%
National Energy Services Reunited stock traded down $0.28 during midday trading on Friday, reaching $33.54. The stock had a trading volume of 1,301,938 shares, compared to its average volume of 1,989,360. The stock has a market capitalization of $3.38 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. The firm’s fifty day simple moving average is $31.05 and its 200-day simple moving average is $26.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.02. National Energy Services Reunited has a 1-year low of $9.92 and a 1-year high of $36.94.
National Energy Services Reunited (NASDAQ:NESR – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. National Energy Services Reunited had a return on equity of 12.07% and a net margin of 5.77%.The firm had revenue of $520.75 million during the quarter, compared to the consensus estimate of $448.54 million. The company’s revenue for the quarter was up 59.1% on a year-over-year basis. As a group, analysts expect that National Energy Services Reunited will post 1.82 EPS for the current fiscal year.
Institutional Investors Weigh In On National Energy Services Reunited
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NESR. Wall Street Zen raised shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Barclays increased their price target on National Energy Services Reunited from $35.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of National Energy Services Reunited in a research note on Monday, August 10th. BTIG Research boosted their price target on National Energy Services Reunited from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group upped their price objective on National Energy Services Reunited from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. One investment 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.com, National Energy Services Reunited presently has a consensus rating of “Buy” and an average price target of $33.57.
View Our Latest Report on NESR
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.
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