National Energy Services Reunited (NASDAQ:NESR) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of National Energy Services Reunited (NASDAQ:NESR – Free Report) from a buy rating to a hold rating in a report issued on Sunday.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on National Energy Services Reunited from $10.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Zacks Research raised shares of National Energy Services Reunited from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. BTIG Research increased their price target on shares of National Energy Services Reunited from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Piper Sandler boosted their price objective on shares of National Energy Services Reunited from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Energy Services Reunited in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, National Energy Services Reunited has a consensus rating of “Moderate Buy” and a consensus target price of $16.86.

Get Our Latest Stock Analysis on NESR

National Energy Services Reunited Stock Performance

Shares of NESR opened at $15.08 on Friday. The company has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $9.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.92. The firm has a market capitalization of $1.45 billion, a PE ratio of 20.66 and a beta of 0.27. National Energy Services Reunited has a one year low of $5.20 and a one year high of $15.10.

National Energy Services Reunited (NASDAQ:NESR – Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $295.32 million during the quarter, compared to analyst estimates of $292.46 million. National Energy Services Reunited had a return on equity of 8.24% and a net margin of 5.53%. On average, analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Institutional Investors Weigh In On National Energy Services Reunited

Several large investors have recently bought and sold shares of the business. Penn Capital Management Company LLC increased its position in National Energy Services Reunited by 111.9% during the first quarter. Penn Capital Management Company LLC now owns 87,630 shares of the company’s stock valued at $645,000 after acquiring an additional 46,276 shares during the last quarter. Kazazian Asset Management LLC boosted its position in National Energy Services Reunited by 46.0% in the second quarter. Kazazian Asset Management LLC now owns 83,650 shares of the company’s stock worth $504,000 after purchasing an additional 26,350 shares during the last quarter. Boston Partners grew its stake in shares of National Energy Services Reunited by 240.0% during the 2nd quarter. Boston Partners now owns 166,945 shares of the company’s stock valued at $1,005,000 after purchasing an additional 117,840 shares during the period. Interval Partners LP purchased a new stake in shares of National Energy Services Reunited during the 1st quarter valued at about $585,000. Finally, CenterBook Partners LP bought a new position in shares of National Energy Services Reunited in the 2nd quarter worth approximately $4,562,000. 15.55% of the stock is currently owned by institutional investors.

About National Energy Services Reunited

(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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