National Energy Services Reunited (NESR) Expected to Announce Earnings on Wednesday

National Energy Services Reunited (NASDAQ:NESR) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, June 11th. Analysts expect National Energy Services Reunited to post earnings of $0.20 per share for the quarter.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). On average, analysts expect National Energy Services Reunited to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

National Energy Services Reunited Stock Down 5.5%

NESR stock opened at $5.97 on Wednesday. National Energy Services Reunited has a one year low of $5.20 and a one year high of $9.89. The stock has a market capitalization of $575.82 million, a PE ratio of 7.46 and a beta of 0.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The company has a fifty day moving average of $6.31 and a 200-day moving average of $7.87.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th.

Institutional Investors Weigh In On National Energy Services Reunited

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of National Energy Services Reunited during the 1st quarter valued at approximately $48,000. Jane Street Group LLC acquired a new position in National Energy Services Reunited during the first quarter worth $1,425,000. Finally, Millennium Management LLC raised its holdings in National Energy Services Reunited by 38.2% during the first quarter. Millennium Management LLC now owns 542,135 shares of the company’s stock worth $3,990,000 after purchasing an additional 149,796 shares during the last quarter. 15.55% of the stock is currently owned by institutional investors and hedge funds.

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.