Dimensional Fund Advisors LP Takes Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

Dimensional Fund Advisors LP acquired a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,592 shares of the company’s stock, valued at approximately $176,000.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of National Energy Services Reunited during the 4th quarter valued at about $41,000. National Bank of Canada FI bought a new stake in shares of National Energy Services Reunited during the fourth quarter valued at approximately $74,000. Robotti Robert bought a new stake in shares of National Energy Services Reunited during the fourth quarter valued at approximately $90,000. Arrowstreet Capital Limited Partnership bought a new stake in National Energy Services Reunited in the fourth quarter worth $107,000. Finally, Sei Investments Co. bought a new stake in National Energy Services Reunited in the fourth quarter worth $328,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Stock Down 2.6%

Shares of NESR opened at $6.46 on Friday. National Energy Services Reunited Corp. has a 52 week low of $5.20 and a 52 week high of $9.95. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $620.46 million, a price-to-earnings ratio of 8.08 and a beta of 0.42. The stock’s 50-day moving average price is $6.71 and its 200-day moving average price is $8.09.

National Energy Services Reunited (NASDAQ:NESR) last announced its earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $343.68 million for the quarter, compared to analyst estimates of $339.84 million. On average, sell-side analysts predict that National Energy Services Reunited Corp. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NESR. Benchmark started coverage on shares of National Energy Services Reunited in a report on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price objective on the stock. Barclays increased their price target on National Energy Services Reunited from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s 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 and industrial 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.