Recent Research Analysts’ Ratings Changes for National Energy Services Reunited (NESR)

Several brokerages have updated their recommendations and price targets on shares of National Energy Services Reunited (NASDAQ: NESR) in the last few weeks:

  • 4/30/2022 – National Energy Services Reunited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 4/25/2022 – National Energy Services Reunited was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a $10.00 price target on the stock, down previously from $13.50.
  • 4/25/2022 – National Energy Services Reunited had its “sector perform” rating reaffirmed by analysts at National Bank of Canada. They now have a $11.00 price target on the stock, down previously from $13.50.
  • 4/24/2022 – National Energy Services Reunited was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a $11.00 price target on the stock, down previously from $13.50.
  • 4/21/2022 – National Energy Services Reunited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 4/12/2022 – National Energy Services Reunited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 4/6/2022 – National Energy Services Reunited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 3/30/2022 – National Energy Services Reunited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 3/18/2022 – National Energy Services Reunited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
  • 3/16/2022 – National Energy Services Reunited had its price target lowered by analysts at National Bank Financial from $17.50 to $13.50. They now have an “outperform” rating on the stock.
  • 3/16/2022 – National Energy Services Reunited had its price target lowered by analysts at National Bankshares, Inc. from $17.50 to $13.50. They now have an “outperform” rating on the stock.

NASDAQ:NESR opened at $6.60 on Thursday. The company has a fifty day moving average of $8.20 and a 200-day moving average of $9.47. National Energy Services Reunited Corp. has a twelve month low of $6.36 and a twelve month high of $15.95.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of National Energy Services Reunited by 22.6% during the third quarter. BlackRock Inc. now owns 1,924,695 shares of the company’s stock valued at $24,098,000 after purchasing an additional 355,222 shares during the period. Lazard Asset Management LLC boosted its position in National Energy Services Reunited by 0.7% in the fourth quarter. Lazard Asset Management LLC now owns 2,844,768 shares of the company’s stock worth $26,883,000 after purchasing an additional 19,575 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of National Energy Services Reunited by 40.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 80,855 shares of the company’s stock valued at $1,012,000 after buying an additional 23,269 shares in the last quarter. Barclays PLC raised its stake in National Energy Services Reunited by 112.5% during the 3rd quarter. Barclays PLC now owns 32,571 shares of the company’s stock valued at $407,000 after purchasing an additional 17,245 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in National Energy Services Reunited by 8.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 187,549 shares of the company’s stock worth $2,348,000 after acquiring an additional 15,000 shares during the last quarter. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.

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