National Energy Services Reunited (NASDAQ:NESR) Shares Gap Down to $6.60

National Energy Services Reunited Corp. (NASDAQ:NESRGet Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $6.60, but opened at $6.31. National Energy Services Reunited shares last traded at $6.31, with a volume of 27 shares trading hands.

National Energy Services Reunited Stock Performance

The firm has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $6.82.

Hedge Funds Weigh In On National Energy Services Reunited

Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in National Energy Services Reunited by 39.5% during the 3rd quarter. Alliancebernstein L.P. now owns 33,072 shares of the company’s stock valued at $196,000 after buying an additional 9,372 shares in the last quarter. State Street Corp lifted its stake in shares of National Energy Services Reunited by 6.0% in the 3rd quarter. State Street Corp now owns 551,076 shares of the company’s stock valued at $3,273,000 after purchasing an additional 31,374 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of National Energy Services Reunited by 2.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 130,163 shares of the company’s stock valued at $773,000 after purchasing an additional 2,500 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of National Energy Services Reunited by 170.8% in the 3rd quarter. Martingale Asset Management L P now owns 55,986 shares of the company’s stock valued at $333,000 after purchasing an additional 35,310 shares during the last quarter. Finally, Encompass Capital Advisors LLC lifted its stake in shares of National Energy Services Reunited by 16.6% in the 3rd quarter. Encompass Capital Advisors LLC now owns 4,135,297 shares of the company’s stock valued at $24,564,000 after purchasing an additional 588,142 shares during the last quarter. Hedge funds and other institutional investors own 39.75% of the company’s stock.

About National Energy Services Reunited

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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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