National Energy Services Reunited (NASDAQ:NESR) Director Mejia Antonio Campo Sells 63,324 Shares of Stock

National Energy Services Reunited (NASDAQ:NESRGet 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:NESRGet 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

A number of institutional investors and hedge funds have recently modified their holdings of NESR. Citadel Advisors LLC bought a new position in shares of National Energy Services Reunited during the 3rd quarter worth approximately $22,722,000. California State Teachers Retirement System raised its stake in National Energy Services Reunited by 59,073.6% in the 2nd quarter. California State Teachers Retirement System now owns 2,162,203 shares of the company’s stock valued at $64,715,000 after acquiring an additional 2,158,549 shares during the period. Boston Partners lifted its holdings in National Energy Services Reunited by 155.6% during the 4th quarter. Boston Partners now owns 1,953,328 shares of the company’s stock valued at $30,594,000 after purchasing an additional 1,189,035 shares during the last quarter. Millennium Management LLC boosted its position in National Energy Services Reunited by 1,482.3% during the fourth quarter. Millennium Management LLC now owns 1,237,585 shares of the company’s stock worth $19,381,000 after purchasing an additional 1,159,372 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in National Energy Services Reunited by 103.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company’s stock worth $42,088,000 after purchasing an additional 997,300 shares during the period. 15.55% of the stock is owned by institutional investors.

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

(Get Free Report)

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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